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Banks

Banks can use Aadhaar for KYC with customer's consent: RBI

The RBI specifies Know Your Customer (KYC) norms to be followed by banks and other entities regulated by it for various customer services, including opening of bank accounts.

May 30, 2019, 10:46 AM IST

Supreme Court questions RBI as plea alleges violation of RTI, seeks contempt case against Urjit Patel

Two pleas in the top court seek contempt proceedings against the central bank and its former Governor Urjit Patel for non-disclosure of information under RTI about some banks.

Jan 25, 2019, 21:18 PM IST

Bankers to go on 2-day nationwide strike, services likely to be hit

The strike has been called on January 8 and 9.

Jan 05, 2019, 22:48 PM IST

Morning Breaking: Cabinet approves merger of Vijaya Bank, Dena Bank & Bank Of Baroda

The Cabinet Committee on Economic Affairs (CCEA) has approved the merger of state-run Vijaya Bank, Bank of Baroda and Dena Bank. This marks the first-ever three-way merger in the country's banking sector.

Jan 03, 2019, 08:36 AM IST

Banking operations affected as workers go on second nation-wide strike

Last week, bank workers went on a strike called by the All India Bank Officers` Confederation (AIBOC).

Dec 26, 2018, 11:04 AM IST

Public sector banks to go on strike on Wednesday, services to be affected

This will be the second bank strike in less than a week. Private sector banks will continue to function as usual.

Dec 25, 2018, 18:30 PM IST

Banks closed for 5 days due to strike and holidays

In the wake of strikes and holidays, the banks will remain closed from next Friday to Wednesday, except Monday and the banking services could adversely be affected on these days.

Dec 21, 2018, 09:56 AM IST

Morning Breaking: Banks to remain closed 5 days due to strike and holidays

In the wake of strikes and holidays, the banks will remain closed from next Friday to Wednesday, except Monday and the banking services could adversely be affected on these days.

Dec 21, 2018, 08:44 AM IST

Banks may remain shut for five days due to strikes, holidays

In the wake of strikes and holidays, the banks will remain closed from next Friday to Wednesday, except Monday and the banking services could adversely be affected on these days.

Dec 19, 2018, 19:24 PM IST

Banks shut for six days? Finance Ministry clears the air

Rumours have been doing the rounds on social media that banks across the country would remain closed for business in the first week of September.

Aug 31, 2018, 16:20 PM IST

Govt likely to withdraw controversial FRDI Bill in current Parliament session

The Union Cabinet, chaired by Prime Minister Narendra Modi, has given its nod for withdrawal of the Financial Resolution and Deposit Insurance (FRDI) Bill, 2017, they added.

Jul 19, 2018, 10:56 AM IST

Blockchain to have mixed implication on banking system: Moody's

Besides, reduction in cost, blockchain technology can decrease time involved in cross-border banking transactions.

Apr 17, 2018, 16:58 PM IST

Banks to remain open today for normal working hours, no long weekend for employees

March 31 being the fifth Saturday of the month, all banks will remain open today. Banks are closed only on second and fourth Saturdays. 

Mar 31, 2018, 07:03 AM IST

India Post Payments Bank to enable digital payment by April

With the nationwide rollout of the India Post Payments Bank (IPPB) Expansion Programme scheduled to begin in April this year, digital payments in post offices are expected to be enabled around the same time.

Feb 10, 2018, 17:32 PM IST

Accretion of fresh NPAs has virtually stopped, says Bibek Debroy

According to recent RBI data, bad loans of public sector banks stood at Rs 7.34 lakh crore by the end of second quarter this fiscal.

Feb 07, 2018, 23:02 PM IST

Will banks end free services from January 20? Here’s the truth

The Indian Banks Association on Wednesday dismissed reports suggesting that free services of public sector banks would be ceased by January 20.

Jan 10, 2018, 20:50 PM IST

Government issues new directive, with a deadline, for NGOs getting foreign funds

A deadline of one month has been given to the NGOs, business entities and individuals to comply with the order.

Dec 26, 2017, 07:58 AM IST

Consumer nod must for changing subsidy-receiving bank a/c: UIDAI

Also, the banks have been asked to intimate the beneficiary about the change within 24-hours through SMS and e-mail as well as provide an option to the person to reverse the change, according to a Gazette notification issued by the Unique Identification Authority of India (UIDAI).

Dec 19, 2017, 18:04 PM IST

Govt unlikely to table FRDI Bill in Budget Session too

The joint committee on the FRDI Bill, 2017 have decided to seek extension of time up to the last day of Budget Session, 2018, as the report of the joint committee would not be ready for presentation by December 15.

Dec 18, 2017, 15:41 PM IST

Fitch may revise banks' rating if recapitalisation done early

In October, the government had announced a Rs 2.11 trillion capital infusion for public sector banks over the next two years.

Nov 30, 2017, 16:04 PM IST