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22 Nov 2017

EPFO relaxes norms for pensioners to file life certificates

The Employees Provident Fund Organisation has laid down provisions that will help pensioners in submitting the Jeevan Parmaan certificate with ease, EPFO said in a statement on Wednesday.

25 Sep 2017

Aadhaar updation centres opened at 1,000 bank branches as Sept 30 deadline nears

Earlier this month, the UIDAI gave banks one more month to open Aadhaar enrolment centres in a stipulated 10 per cent of branches, but said it will impose Rs 20,000 as fine per uncovered branch after September 30.

05 Sep 2017

Banks sans Aadhaar enrolment centres face Rs 20,000 fine from Oct

The Unique Identification Authority of India (UIDAI), in July, had asked private as well as public banks to open Aadhaar enrolment and updation facility in one out of 10 branches by August-end.

25 Feb 2017

Govt warns banks over non-acceptance of PMGKY tax

The government has warned banks of "de-authorisation" of branches if they refuse to accept taxes under the amnesty scheme PMGKY, which ends on March 31.

Reserve Bank of India

07 Aug 2015

RBI allows banks to shift, merge or close branches in urban areas

The Reserve Bank of India (RBI) has allowed the banks to shift, merge or close all branches except rural branches and sole semi-urban branches at their own discretion.

06 Aug 2015

RBI relaxes branch authorisation policy

Giving greater operational freedom to banks, the Reserve Bank Wednesday allowed lenders to shift, merge or close branches, except in rural areas, at their "discretion".

30 Apr 2015

RBI further eases branch property acquisition norms for banks

Liberalising its policy for bank branches, the RBI Thursday said banks will not be required to inform the central bank on a periodic basis about disputed premises.

02 Feb 2015

Branchless banking can help expand formal banking: PwC

Branchless banking and shift from the traditional to low-cost solutions like solar ATMs will help bring more people under the formal banking ambit, a report said.

16 Sep 2014

456 bank branches out of 739 operational in Kashmir: RBI

The Reserve Bank Tuesday said 456 bank branches out of a total 739 and 377 ATMs out a total 896 were operational as on date in flood-ravaged Kashmir, which is limping back to normal.

26 Aug 2014

Eyeing banking, India Post to have 25K branches on CBS by FY16

India Post, which has failed to make the cut during the latest round of bank licensing, Tuesday said it is still hopeful of converting itself into a post bank and the first step towards this will see 25,000 of its outlets on the core banking platform by FY16.

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