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  • New currency notes in ATMs from Friday: Government Nov 09, 2016 11:46 AM IST

    New currency notes in ATMs from Friday: Government

    People, he said, do understand the objective behind the move. "And I'm sure they will cooperate in dealing with the difficulties and inconvenience that they might face. And eventually things will settle down." Lavasa said people need money for transaction so for replacement that currency is being introduced.

  • ATMs remain shut as banks replace old currency notes Nov 09, 2016 11:08 AM IST

    ATMs remain shut as banks replace old currency notes

    Last night, after the government's announcement of withdrawal of Rs 500 and Rs 1,000 notes, people rushed to ATMs to withdraw lower denomination valid currency notes.

  • Humble Rs 100 turns hottest banknote in town! Nov 09, 2016 07:58 AM IST

    Humble Rs 100 turns hottest banknote in town!

    There was a beeline to acquire the 'hottest commodity' or dispose-off the high value Rs 500 and Rs 1,000 bank notes, which will become illegal tender at midnight.

  • Demonetisation gamechanging move, may help inflation: Kochhar Nov 09, 2016 07:28 AM IST

    Demonetisation gamechanging move, may help inflation: Kochhar

    "It also curtails some amount of that discretionary large spend which can have a cooling impact on inflation. There is a whole lot of positive structural impact which it will create in the economy," Kochhar told PTI.

  • Cap on withdrawals from ATMs policy decision: RBI to HC Nov 06, 2016 12:30 PM IST

    Cap on withdrawals from ATMs policy decision: RBI to HC

    A bench of Chief Justice G Rohini and Justice Sangita Dhingra Sehgal was also informed by RBI that the ATM facility was made available with a view to reduce "cash usage and increase electronic transactions in the country".

  • RBI decides on pilot project to configure ATMs for Rs100 notes Nov 02, 2016 09:30 PM IST

    RBI decides on pilot project to configure ATMs for Rs100 notes

    The central bank recently had conducted a review of steps taken by banks for installing ATMs dispensing lower denomination banknotes.

  • NCR bags largest ATM order from SBI for over 7,000 machines Nov 01, 2016 05:50 PM IST

    NCR bags largest ATM order from SBI for over 7,000 machines

    US-based ATM manufacturer NCR Corporation has bagged a Rs 334-crore order from SBI to install over 7,000 cash-vending machines, making this the single largest order in the country.

  • Indepay Networks to launch secured prepaid cards Oct 31, 2016 02:52 PM IST

    Indepay Networks to launch secured prepaid cards

    Amid government efforts to curtail usage of cash in transactions, payments firm Indepay Networks will launch prepaid cards in February for facilitating secured payments.

  • SBI advises customers to use its own ATM network Oct 21, 2016 03:00 PM IST

    SBI advises customers to use its own ATM network

    Under a new initiative, the bank has started a scheme called 'Hope Loans' by which it will contribute a portion of the proceeds from the repayment of home, personal, education and car loans to select NGOs engaged in sectors like shelter, education, health and environment.

  • Govt has sought report on debit card data compromise: Jaitley Oct 21, 2016 02:42 PM IST

    Govt has sought report on debit card data compromise: Jaitley

    The government has asked RBI and banks to provide details of the data breach and also banks' preparedness to deal with cyber crimes.

  • Swift action to be taken in debit card data compromise: FinMin Oct 21, 2016 02:00 PM IST

    Swift action to be taken in debit card data compromise: FinMin

    The government, he said, has sought a detailed inquiry report into the issue and appropriate action will be taken once it is received.

  • 9 things to know about the ATM security breach Oct 20, 2016 02:52 PM IST

    9 things to know about the ATM security breach

    A security breach at Hitachi, an ATM provider, has put banks across the country on high alert. At stake is the personal information of customers of these lenders, all of whom listed, will soon be issuing new debit cards or asking their customers to change their security code on their existing plastic.

  • Security breach happened at ATMs of other service providers: SBI Oct 20, 2016 11:13 AM IST

    Security breach happened at ATMs of other service providers: SBI

    A security breach at some ATM branches has led to breach of security information of various card holders. The country‘s largest public lender State Bank of India (SBI) has cancelled 6,25,000 cards as a precautionary measure.

  • US banks want to cut branches, but customers keep coming Aug 22, 2016 11:38 AM IST

    US banks want to cut branches, but customers keep coming

    US banks have trimmed the number of branches by 6 percent since it peaked in 2009, according to Federal Deposit Insurance Corp data. The 93,283 branches open at the end of last year was the lowest level in a decade.

  • Giant puts on weight: What SBI looks like post merger Aug 19, 2016 05:00 PM IST

    Giant puts on weight: What SBI looks like post merger

    With the country's largest lender, State Bank of India (SBI) approving the merger of its operations with five of its associate banks there are some interesting facts shaping up.

  • Dena Bank to open 4 branches in Rajasthan this year Aug 11, 2016 09:40 AM IST

    Dena Bank to open 4 branches in Rajasthan this year

    The additions will take the total number of branches in the state to 50, Dena Bank Chairman and Managing Director Ashwini Kumar said.

  • South Indian Bank to raise Rs 500cr to augment biz capital Aug 04, 2016 07:18 PM IST

    South Indian Bank to raise Rs 500cr to augment biz capital

    South Indian Bank will raise Rs 500 crore by issuing debt securities, long-term infrastructure bonds on a private placement basis to augment business requirements.

  • Six ways to get your tax returns verified electronically Jul 22, 2016 08:22 AM IST

    Six ways to get your tax returns verified electronically

    Income tax returns must be verified after submission. This process means signing a physical copy of your ITR-V and sending it via speed post to CPC, Bengaluru. You can choose any of these means to verify your tax return and skip sending the physical copy of ITR-V.

  • Bandhan slashes micro lending rate to 19.9% Jul 18, 2016 03:00 PM IST

    Bandhan slashes micro lending rate to 19.9%

    The Bank in a statement said it was committed to passing on the benefit of lower cost of resources to its customers at the bottom of the pyramid and for this, a further rate was reduced by 60 basis points.

  • RBI may soon allow interoperability of Post payment bank ATMs Jul 04, 2016 03:10 PM IST

    RBI may soon allow interoperability of Post payment bank ATMs

    India Posts, which had last year won a licence to operate a payment bank, has not been able to move much on starting operations.

  • DCB Bank launches Aadhaar enabled ATM in Bengaluru Jun 14, 2016 08:40 AM IST

    DCB Bank launches Aadhaar enabled ATM in Bengaluru

    DCB Bank Chairman Nasser Munjee said, "Bengaluru is an important centre for us.... These ATMs are testimony to our commitment to invest in customer facing technology and promote a new way of banking," according to a Bank release.

  • BSNL partners Hitachi to facilitate bill payment via ATM Jun 03, 2016 08:40 AM IST

    BSNL partners Hitachi to facilitate bill payment via ATM

    "Some customers often miss to pay bill because of fix timing of BSNL counters. With these ATMs in place, customers will be able to pay their bill during any time of the day," BSNL CMD Anupam Shrivastava said while inaugurating the ATM facility in Pune.

  • SBI Quick introduces facility to control debit card frauds Apr 25, 2016 06:46 PM IST

    SBI Quick introduces facility to control debit card frauds

    To check debit card frauds, SBI has launched a facility under 'SBI Quick: SMS and Missed Call Banking' service whereby the customer can choose to activate or deactivate their cards using various platforms, like ATM, and Point of Sale (POS).

  • ATMs not to be replenished with cash after 8 PM: Govt Apr 03, 2016 04:12 PM IST

    ATMs not to be replenished with cash after 8 PM: Govt

    The deadline for putting money in the ATMs in rural areas would be 5 PM and 3 PM in Naxal-affected districts. Also, specially designed cash vans, fitted with CCTVs and GPS, must not carry more than Rs 5 crore per trip.

  • In a first, DCB Bank offers ATM transactions sans PIN Apr 03, 2016 12:32 PM IST

    In a first, DCB Bank offers ATM transactions sans PIN

    "We have started the first ATM in the country which operates using the Aadhaar data. One can do a transaction without the card as well," the bank's Managing Director and Chief Executive Murali Natrajan told PTI.

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