Banking most vulnerable to cyber crime: Devendra Fadnavis

Maharashtra Chief Minister Devendra Fadnavis on Monday recognised banking as the "most vulnerable" sector to cyber crime and expressed the need to employ appropriate remedies to counter the menace.

Greeks spend their locked-away euros

Use it or lose it: that`s the plan for many Greeks, who have been going on a credit card-fuelled spending spree as the economy has tanked out of fears their cash could be confiscated or devalued.

Shopkeepers still charge extra 2% on card payments, defying RBI norms

The Reserve Bank of India has said that shopkeepers can't charge extra 2% on payment done through card.

China to have `veto power` over infrastructure bank: report

China will ultimately have "veto power" over major decisions of the new Beijing-led Asian Infrastructure Investment Bank, the Wall Street Journal reported on Tuesday.

Iceland to lift capital controls in place since 2008 crisis

Iceland`s government on Monday launched a programme aimed at lifting the capital controls put in place to stabilise the economy during the country`s 2008 financial crisis.

Nigerian bank announces early closing due to fuel crisis

One of Nigeria`s biggest banks on Monday announced it was shutting branches early due to a lack of fuel, in the latest sign of shortages hitting businesses.

PM Modi calls on RBI for 20-year financial inclusion roadmap

Prime Minister Narendra Modi on Thursday asked the Reserve Bank to prepare a 20-year road map for financial inclusion and nudged banks to be considerate in giving loans to the poor as also while making recoveries from them, especially farmers.

UAE banking on Irish inspiration

Cricket`s part-timers from the United Arab Emirates have drawn inspiration from Ireland as they prepare to confront Zimbabwe in their opening World Cup match in Nelson on Thursday.

Bank strike hits business in Karnataka

Bengaluru: A day-long strike Wednesday by over 50,000 employees of state-run banks crippled transactions and customer services in about 10,000 branches across Karnataka.

Gates meets PM, lauds focus on sanitation and banking for poor

 Microsoft founder and billionaire philanthropist Bill Gates today called on Prime Minister Narendra Modi and lauded his focus on sanitation and the ambitious scheme to bring the poor people under the banking system through the Jan Dhan Yojana.

Bulgaria scrambles to stop bank run after EU approves aid

Bulgaria on Monday scrambled to reassure savers its beleaguered banking system was "functioning normally" after Brussels extended a credit line to stop a run on two banks turning into a full-blown crisis.

Asia presents huge developmental potential for Islamic finance

Asia presents huge developmental potential for Islamic finance and is likely to be the main driver of Islamic banking growth in the near future given the untapped potential in India, Bangladesh and Indonesia, according to a report.

Switzerland, India, 45 others agree on tax info exchange

In another step towards shedding banking secrecy practices, 47 nations including Switzerland and India, have agreed upon automatic exchange of information on tax matters.

Trade Union strike: Banking, transport sector hit in Gujarat

The strike call by Central trade unions hit normal life in Gujarat on Wednesday as workers from varied sectors, including transport and banking, refrained from work.

2012 puts women on top in BFSI sector!

Has 2012 reinforced women ascendancy in the world of business and economy in India?

Strike hits transport, banking in Punjab, Haryana

Transport and banking services were hit in Punjab, Chandigarh and Haryana in the wake
of the day-long strike called by major trade unions.

Strike disrupts banking, transport sector in Delhi

Functioning of PSU banks was affected and a number of autos and taxi drivers kept their
vehicles off the roads.

95% households in NE do not have access to banking

Altogether 95 percent households in North East do not have access to banking services against the national average of 43 percent, RBI Deputy Governor Shyamala Gopinath said here on Saturday.

SBI hikes deposit rates by 25-75 bps

India`s largest lender bank, the State Bank of India, on Thursday asserted it will raise its deposit rates by 25-75 bps from Friday. However, the base rate will remain unchanged, added the bank.

Davos ends with recovery warning after banking bust-up

The world economy is recovering but remains fragile and dogged by huge deficits, top officials said on Saturday at the end of a Davos summit clouded by divisions over banking reform.