The impact of the government’s November 8 move to demonetise 500, 1000-rupee notes is evident from the fact that the total cash deposited in banks within five days of the announcement has crossed Rs 1.5 lakh crore.
Banks will be closed today on occasion of Gurupurab in Northern India including key cities like Delhi and Mumbai.
In what may come as a relief for people post the demonetisation move, the new Rs 500 notes were issued by the government on Sunday. The Currency Note Press (CNP), Nashik, has already dispatched new
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As people stood in long queues outside banks today for exchanging their Rs 500 and Rs 1000 currency notes, the fast food giant Pizza Hut offered them free pizzas and slices with a glass of
In a move that should come as a relief to people left scrambling following the government’s decision to scrap high-denomination notes of Rs 500 and Rs 1000, starting November 11, ATMs in the country will
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Banks in the country will remain open for public transactions on Saturday and Sunday, the RBI said today.
A day after scrapping Rs 500 and Rs 1,000 currency notes, the government today announced that the new hard-to-fake Rs 500 and Rs 2,000 currency notes will be available at bank ATMs when they start
After burning down at least 20 schools in the Valley in the past three-and-a-half months, the Lashkar-e-Taiba has now threatened banks in Kashmir.
After the security breach of around six lakh debit cards, the nation's largest lender State Bank of India (SBI) has advised its customers to make use of the bank’s own ATM network instead of other
In biggest ever security breach of over 32 lakh debit cards of various banks, several banks have recalled a large number of cards while others such as, HDFC Bank, have urged customers to change their
In the midst of fear due to security breach of over 32 lakh debit cards of various banks, Finance Ministry on Thursday sought to calm people down by saying that they constitute only a small
Credit rating agency Moody's Investors Service on Wednesday said the State Bank of India's (SBI) issuance of additional tier 1 (AT1), Basel III compliance securities would set the pricing benchmark for other issuers.
A Parliamentary panel has asked lenders to take decision on financing of stressed assets as per their “own wisdom” and on the basis of the project’s viability, after it found the banks working under the
A new measure introduced by some private banks makes the process of authentication adopted for phone banking much easier for users. In what will come as a major relief for users who frequently use phone
New Delhi: The Ministry of Finance today allocated Rs 22,915 crore capital to as many as thirteen public sector banks including SBI, PNB and IOB to give a boost to their lending operations and ensure
Mumbai: In an effort to provide better services to customers, the Reserve Bank of India today asked banks to swap up to 20 pieces of soiled currency notes with a maximum value of Rs 5,000
New Delhi: Finance Minister Arun Jaitley has questioned the high interest rate regime for domestic savings, especially when the propensity to park funds in banks is high in India and the corporate sector constantly complains
New Delhi: State-run banking behemoth State Bank of India (SBI) has been given a spot in a 'Hall of Shame' list of 158 banking and financial institutions globally that have invested heavily in companies making
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