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Today is the last day to subscribe to CMS Info Systems — GMP at ₹30

Mumbai-based cash management company CMS Info Systems’ initial public offering (IPO) has been subsc…

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1 min read

RBI pumps Rs 1.2 lakh crore fresh currency into system

"Regional offices of the RBI have supplied fresh currency of Rs 1.2 lakh crore from March 1 till Ap…

PTI   


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HDFC Bank nets 2.5 lakh new customers through instant account opening in lockdown

"All the 2.5 lakh accounts which have been opened are new bank customers," a source said, adding t…

PTI   


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SBI to introduce OTP-based ATM transactions from January

New Delhi, Dec 27 () From January, SBI customers will be able to make ATM withdrawal above Rs 10,00…

PTI   


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RBI asks issuers to provide facility to switch on, off cards to prevent frauds

Mumbai, Jan 15 () The RBI on Wednesday asked banks and other card-issuing companies to provide faci…

PTI   


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OBC requests FinMin to give new name for merged entity: CEO

He said OBC has 2,400 branches, 2,600 automated teller machines and 22,000 employees and added tha…

PTI   


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3 mins read

Here are the credit card networks and payment networks you need to know

Visa remains the king of the mountain in the card network industry. Visa posted $2.1 trillion in to…

Andrew Meola   


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Yes Bank customers scramble for cash withdrawal at branches, most ATMs run dry

"A solution is being worked upon to revive the Bank well before the moratorium period of thirty da…

PTI   


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There may be no respite from long queues outside banks, ATMs to withdraw cash. Here’s why

"We had sought a hearing with RBI as we were not allocated enough cash, but we were told that ratio…

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2 mins read

A viral Facebook post has dangerous and untrue advice telling you what to do if you get robbed at an ATM

"If a theif forces you to take money out of an ATM, do not argue or resist. What you do is punch in…

Matthew Michaels   


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Over 10,000 ATMs are being recalibrated per day to bring down the cash crunch

Nearly 10,200 ATMs are being recalibrated in a day and this means that the entire process should be…

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Demonetisation: Banks have replaced less than 10% of value of demonetised notes so far, still a long way to go

Meanwhile, banks have also circulated Rs 1, 03,316 crore into the system through withdrawals by acc…

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IBM inks $40 million deal to transform the way people withdraw from ATMs

BTI Payments, which is a White Label ATM (WLA) operator, has entrusted IBM to transform its IT Infr…

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ATMs start dispensing cash but expect some glitches

However, some glitches are expected as ATMs are now full with Rs 100 notes. "We expect the pain for…

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2 mins read

Wells Fargo earnings beats by a penny

That is not to say Wells Fargo's lines of business are immune to external pressures. The bank also …

Jonathan Marino