Nov 09, 2016 11:46 AM IST
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.
Nov 09, 2016 11:08 AM IST
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.
Nov 09, 2016 07:58 AM IST
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.
Nov 09, 2016 07:28 AM IST
"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.
Nov 06, 2016 12:30 PM IST
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".
Nov 02, 2016 09:30 PM IST
The central bank recently had conducted a review of steps taken by banks for installing ATMs dispensing lower denomination banknotes.
Nov 01, 2016 05:50 PM IST
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.
Oct 31, 2016 02:52 PM IST
Amid government efforts to curtail usage of cash in transactions, payments firm Indepay Networks will launch prepaid cards in February for facilitating secured payments.
Oct 21, 2016 03:00 PM IST
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.
Oct 21, 2016 02:42 PM IST
The government has asked RBI and banks to provide details of the data breach and also banks' preparedness to deal with cyber crimes.
Oct 21, 2016 02:00 PM IST
The government, he said, has sought a detailed inquiry report into the issue and appropriate action will be taken once it is received.
Oct 20, 2016 02:52 PM IST
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.
Oct 20, 2016 11:13 AM IST
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.
Aug 22, 2016 11:38 AM IST
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.
Aug 19, 2016 05:00 PM IST
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.
Aug 11, 2016 09:40 AM IST
The additions will take the total number of branches in the state to 50, Dena Bank Chairman and Managing Director Ashwini Kumar said.
Aug 04, 2016 07:18 PM IST
South Indian Bank will raise Rs 500
crore by issuing debt securities, long-term infrastructure
bonds on a private placement basis to augment business
Jul 22, 2016 08:22 AM IST
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.
Jul 18, 2016 03:00 PM IST
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.
Jul 04, 2016 03:10 PM IST
India Posts, which had last year won a licence to operate a payment bank, has not been able to move much on starting operations.
Jun 14, 2016 08:40 AM IST
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.
Jun 03, 2016 08:40 AM IST
"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.
Apr 25, 2016 06:46 PM IST
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).
Apr 03, 2016 04:12 PM IST
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.
Apr 03, 2016 12:32 PM IST
"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.