HDFC Bank to stop paper slips at ATMs, to send SMSes
HDFC Bank has decided to stop issuing slips after cash withdrawals at ATMs. The bank will alert the customer about…
01 JUN 2015
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Western Union renews its ties with India Post
Global money transfer major Western Union renewed its 14-year-old partnership with India Post. “As per the agreement, about 10,000 post…
27 MAY 2015
Indian Banks Association urges govt to lower rates on small savings scheme
The Indian Banks Association (IBA) has urged the Ministry of Finance to bring down interest rates on small savings schemes…
27 MAY 2015
Rajnish Kumar appointed as fourth MD of SBI
State Bank of India (SBI) said the government has appointed Rajnish Kumar as the fourth Managing Director. Kumar will look…
27 MAY 2015
Small & payment banks may get RBI licences by year-end
The Reserve Bank is expecting to issue small and payment banks licences by year-end, central bank Deputy Governor SS Mundra…
25 MAY 2015
IndusInd Bank & Worldpay partner to offer services in India
IndusInd Bank and the UK-based payment processing giant Worldpay have tied up to offer acquiring services in India. “This association…
20 MAY 2015
Bank of India initiates facility for e-filing of I-T returns
Bank of India (BoI) has partnered with income-tax return filing portal – myITreturn.com – to facilitate e-filing of returns. The…
20 MAY 2015
RBI plans IT wing to tackle cyber threats
The Reserve Bank is planning to set up an information technology wing to deal with cyber threats. “We have to…
18 MAY 2015
SBI to e-auction distressed properties every quarter
State Bank of India has decided to separately auction commercial and retail properties under its hold from next month. The…
16 MAY 2015
Second-factor authentication not needed for small transactions: RBI
The Reserve Bank of India reportedly said that banks can allow contactless card transactions upto Rs 2,000 without PIN authentication.…
16 MAY 2015
