Banks

Demonetisation: Here's how transaction charge waiver on debit cards will benefit you

Amid the ongoing political outcry over demonetisation, the government on Wednesday announced several steps aimed at helping the cash-hit citizen of the country and to encourage widespread usage of digital payments post demonetisation.

Nov 24, 2016, 05:31 AM IST

Remember! You have just one day - November 24 – to use your old Rs 500/1000 notes at public utilities

All those who want to spend their now defunct old currency notes of Rs 500 and Rs 1000 have time till November 24 midnight to use them at public utilities.

Nov 24, 2016, 05:10 AM IST

Banks waive MDR for all debit cards till December 31

Leading banks, including ICICI Bank and HDFC Bank, have waived merchant discount rate (MDR) on debit cards till December 31 to facilitate payments by customers following government's move to do away with the charge levied on merchants.

Nov 23, 2016, 22:18 PM IST

Delhi hospitals tie up with banks to ease patients' cash crunch

Leading hospitals in the capital such as Sir Ganga Ram Hospital (SRGH) and Ram Manohar Lohia Hospital have tied up with banks and post offices to set up extra counters and collect filled application forms to ease the process of exchanging demonetised Rs 500 and Rs 1,000 currency notes.

Nov 23, 2016, 00:46 AM IST

Demonetisation: Wedding card, copies of advance payments to caterers required for withdrawing Rs 2.5 lakh for wedding expenses

Making rules further stringent for interested parties, Reserve Bank of India (RBI) has made it compulsory to produce wedding card, copies of advance payments made for booking marriage hall and caterers in order to withdraw Rs 2.5 lakh from own accounts.

Nov 21, 2016, 21:48 PM IST

Make funds available to farmers through cooperative institutions: Arun Jailey to banks

Government on Monday asked banks to provide resources to cooperative institutions with which they are associated to meet cash requirements of the farm sector during the ongoing rabi season.

Nov 21, 2016, 21:01 PM IST

Demonetisation: Banks to deploy micro ATMs to serve aid cash strapped weavers

Banks will deploy micro ATMs at handloom-handicrafts clusters so that weavers and artisans are not inconvenienced and can withdraw cash to buy raw materials through the Aadhar-enabled payment system.

Nov 21, 2016, 20:12 PM IST

Rs 1.03 trillion withdrawn from bank accounts since November 10: RBI

People have withdrawn Rs 1.03 lakh crore of cash over the counter and ATMs between November 10 and 18, the Reserve Bank of India said in a statement issued on Monday.

Nov 21, 2016, 17:14 PM IST

Cash crunch: RBI eases bad loan rules for small borrowers

The Reserve Bank of India on Monday relaxed rules for classifying bad loans for small borrowers saying they may need more time to repay their loan dues after the government withdrew higher-value bank notes.

Nov 21, 2016, 14:59 PM IST

16 of 22 PSU banks skip paying dividend in FY16 on increasing NPAs

Saddled with mounting bad loans, as many as 16 public sector banks, including PNB, BoB and Canara Bank, skipped paying dividend in 2015-16, leading to three-fold decline in government receipts to Rs 1,444.6 crore.

Nov 20, 2016, 19:02 PM IST

SC against disclosure of big defaulters' names, says won't lead anywhere

The Supreme Court today said that disclosure of names of debtors, who owe Rs 500 crore and more to banks, will not lead "anywhere" as the important issue is to address "root cause" of accumulation of non-performing assets (NPAs).

Nov 18, 2016, 21:51 PM IST

Unsung heroes: Bank staff who work overtime to provide you with cash!

While millions are struggling to deposit or exchange the demonetised currency and withdraw money from banks, it is the staff of nationalised and private banks who are facing the brunt of the government move to spike the Rs 500 and Rs 1,000 notes.

Nov 18, 2016, 17:15 PM IST

ICICI, HDFC Bank, Canara, United Bank cut Fixed Deposit rates by up to 1%

Largest private lender ICICI Bank and HDFC Bank cut their deposit rates by up to 0.25 percent while Kolkata-based United Bank of India did it for short-term deposits by 1 percent.

Nov 17, 2016, 16:57 PM IST

Note ban: Daily exchange limit of old notes reduce to Rs 2000 per person

00 AM for getting detailed updates!

Nov 17, 2016, 14:41 PM IST

Banks have started using indelible ink during currency exchange

Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.

Nov 17, 2016, 00:07 AM IST

Depositing cash over Rs 2.5 lakh? Banks, Post Offices will report it to Income Tax

The government has asked banks and post offices to report to the I-T Department all deposits above Rs 2.50 lakh in savings accounts, and more than Rs 12.50 lakh in current accounts, made during the 50-day window provided to tender the scrapped 500 and 1000 rupee notes.

Nov 16, 2016, 18:26 PM IST