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Banking services will go digital due to Demonetisation push, says SBI

Banking services will go digital due to Demonetisation push, says SBI

Crediting demonetisation for the biggest push towards digital banking, SBI on Monday said it envisions the entire range of banking services going digital over the next few years.

RBI may soon allow interoperability of Post payment bank ATMs

RBI may soon allow interoperability of Post payment bank ATMs

India Post, the world's largest mail delivery network, is carving out a separate vertical to manage banking services, a move that will help it win RBI nod for interoperability of its ATMs with those of PSU banks.

HDFC Bank Q3 net profit up 20%, says has no exposure to top defaulters

HDFC Bank Q3 net profit up 20%, says has no exposure to top defaulters

HDFC Bank Monday reported a 20.1 percent rise in the October-December quarter net profit at Rs 3,358.8 crore on higher core interest income as the second largest private lender said it is untouched by the regulator's special review on big-ticket bad assets.

Know the reason behind banking strike today

A section of public sector banks' employees went on a strike across the country to protest violation of bilateral settlement agreement by associate banks of SBI.

Bank employees go on nationwide strike, operations hit partially

Bank employees go on nationwide strike, operations hit partially

Banking operations were hit partially on Friday as a section of public sector banks' employees went on a strike across the country.

Bank employees go on nationwide strike; banking services likely to be hit

Bank employees go on nationwide strike; banking services likely to be hit

All India Bank Employees' Association (AIBEA) has called for a one-day nation-wide strike on Friday (January 8) to protest against the "unfair" policies adopted by SBI with respect to its five associate banks.

One-day stir at RBI hits key banking services

One-day stir at RBI hits key banking services

Major banking transactions took a hit Thursday as over 17,000 employees of RBI went on 'one-day mass casual leave' protesting against reform measures of the central government and seeking better retirement benefits.

 

Rs 2,000-crore fund to push financial inclusion: RBI

RBI on Thursday announced merger of two funds to create a new Financial Inclusion Fund with a corpus of Rs 2,000 crore to support 'developmental and promotional activities' for expanding reach of banking services.

Watch: Petrol pumps to provide banking services?

Watch: Petrol pumps to provide banking services?

To make banking services easier and more accessible, they could soon be available at petrol pumps if the Finance Ministry approves the proposal.

Banking services likely to be available soon at petrol pumps?

The petroleum ministry has sent a proposal to Finance Minister Arun Jaitley through government-owned oil company pumps requesting him to make banking services available at petrol pumps.

Banking services hit by day-long strike

Banking services across the country were hit Wednesday by the day-long strike by 10 central trade unions and 14 bank unions, but workers of largest lender SBI and a few other banks stayed off the agitation.

RBI official asks banks not to use govt capital to clean books

A senior Reserve Bank official Wednesday said state-run lenders should use the capital received from the government to grow their credit books rather than clear their large pile of bad assets.

CCI dismisses case against Tamilnad Mercantile Bank

The Competition Commission has dismissed a complaint which alleged that private sector lender Tamilnad Mercantile Bank indulged in unfair business practices while providing banking services.

Swiss banks return to basics; pitch 'superior' banking services

In a major departure from their earlier practice of luring wealthy clients in the name of 'safe havens', Swiss bankers are now pitching 'superior banking' services to their prospective clients -- although Indian corporate leaders do not appear much impressed.

ICICI vows focus on infra, youth and social responsibilities

As it completes 60 years of the group's existence on Monday, ICICI Bank has identified infrastructure building, a young population and social fibre of the country as its three focus areas going ahead.

Jan Dhan moving despite initial reluctance by RBI, babus: Modi

Taking a dig at the system, Prime Minister Narendra Modi Monday said things have started moving in India under him and the Jan Dhan scheme was being implemented at a rapid pace despite initial reluctance of RBI and bureaucracy.

Bank employees to go on strike on Nov 12

According to Association officials, Indian Banks' Association offered only a 11.5 per cent increase in hike compared to 17.5 per cent offered in 2011-12.

Deutsche Bank hit by Q2 profit fall, Moody`s downgrade

Deutsche Bank, Germany`s biggest lender, said Tuesday its net profit in the second quarter fell by 29 percent, due mainly to a heavier tax bill.

RBI says IDFC agrees to pare FII limit to 50.5%

Infrastructure financing company IDFC has agreed to prune foreign shareholding limit by 1 percent to 50.50 percent, as part of plans to progressively pare foreign investor holding to 49 percent to run banking services.

Bharatiya Mahila Bank targets Rs 1,800 cr biz this fiscal

Bharatiya Mahila Bank (BMB), incorporated under the Companies Act last fiscal to extend banking services especially to women, is targetting at a business of Rs 1,800 crore this fiscal.