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"A technical upgrade of RTGS, targeted to enhance the resilience and to further improve the Disaster Recovery Time of the RTGS system, is scheduled after the close of business of April 17," RBI said
Axis Bank customers can send money abroad in over 100 different currencies, without any need to visit a branch
Only four states witnessed more Jan-Dhan accounts being opened in urban centres than rural areas. These were Chandigarh (14.64%), Manipur (45.87%), Nagaland (44.23%) and Puducherry (49.34%)
The second wave of Covid-19 pandemic and the increased digitisation may choke cash machines, already reeling under unviable operations
The study observed that the SBI's decision to levy a charge of Rs 17.70 for every debit transaction beyond four by the BSBDA account holders cannot be considered as 'reasonable'
If you have any important work related to the bank that requires you to physically visit the branch then you may want to wrap it up by April 12
RBI said it will allow cash withdrawal from digital wallets as well as non-bank entities via prepaid cards
SIM Swap fraud takes place when a fraudster obtains your bank account details and registered mobile number through phishing or through Trojans/Malware
Fitch expects a moderately worse environment for the Indian banking sector in 2021, but headwinds would intensify if rising infections further affect business and economic activity
UCO Bank will also seek the approval of the shareholders for issuing preference shares to the government for capital infusion in the next EGM