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Punjab National Bank is shutting down ATMs that don’t scan card chips starting today

Old school ATMs only required individuals to swipe and the machine would read the magnetic strip…

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6 mins read

Plan in advance: Banks shut in Jan 2024 for New Year, Republic Day and more

In India, both public sector and private sector banks follow the guidelines issued by the Reserv…

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New York's Signature Bank collapses, becomes 2nd US bank to be shut down

New York-based Signature Bank was closed by the state regulators, becoming the second US bank after…

ANI   


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12 mins read

Over 70 engineering colleges in India opt for ‘progressive closure’ as they fall short of students, checkout the full list

Several engineering colleges in India are falling short of students and funds to carry on operation…

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1 min read

Yes Bank's ATMs down after RBI restricts withdrawals at ₹ 50,000

Harried Yes Bank depositors rushed to ATMs to withdraw cash but faced multitude of problems inclu…

PTI   


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PNB expects to complete technology integration of OBC, United Bank of India by March

"The outbreak of COVID-19 pandemic has delayed the process of integration by a couple of months. We…

PTI   


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Here's how Indian banks will operate during the 21-day lock down

Photos show that Indian banks are taking precautionary measures to enforce social distancing within…

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New York Police addressed rampant social media rumors that the NYC subway system will shut down amid the novel coronavirus pandemic

Another widely-circulated fake news text message says that a friend of a friend who works in emerge…

Kat Tenbarge   


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1 min read

No minimum balance, use any ATM⁠— all the changes for bank customers in India amidst Coronavirus-related lockdown

Indian Finance Minister Sitharaman announced a series of measures to deal with the economic crash a…

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SBI is shutting down its branches like never before. Here’s why

In a bid to cut costs, SBI has already shut down or relocated over 400 branches and has slowed down…

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3 mins read

Mobile recharges are the latest victim of the lockdown, down by 35%

As a majority of Indians work from home, the telecom sector was poised for a comeback as everyone e…

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3 mins read

The difference between lock down, curfew and Section 144

Entire country has been brought to a standstill but different words are being used to describe the …

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1 min read

For the first time, outdated ATMs in India came handy to fight global malware WannaCry

"ATMs usually do not save any financial transaction data. Hence, I do not think tha…

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1 min read

RBI directs banks to open ATMs only after software update to prevent ransomare malware

However, ATM operators opine that customers don’t need to worry about their data or mone…

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2 mins read

You can now swipe card and collect cash on Ola Cabs

With banks and ATMs not being able to cope with the rush for access to lower denomination or new cu…

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3 mins read

Greek banks will not open on Monday and ATM limits will be reduced

"Negotiations will resume over the coming days but the probability of a deal is distant. (Prime Min…

Lianna Brinded   


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4 mins read

Greeks have very legitimate reasons for panic queuing at ATMs

As my colleague Mike Bird pointed out during his time in Athens last week, the stock of deposits is…

Lianna Brinded   


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2 mins read

China's First Bitcoin ATM Has Been Installed

In December, the PBOC banned financial institutions from trading in bitcoin, saying the government …

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4 mins read

I tried to buy $1 of bitcoin from a Las Vegas ATM - and it just proves how far bitcoin is from replacing regular money

"The machine cannot refund the case. However, we can manually send you the bitcoin at the appropria…

Matt Weinberger   


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1 min read

Chennai breathes a sigh of relief as incessant rains take a break

Even though several services, like ATMs, continue to remain shut, mobile phone services have partia…