Sat, Sep 21, 2019
RBI on Friday issued a notification titled 'Harmonisation of Turn Around Time (TAT) and customer compensation for failed transactions using authorised Payment Systems.
Mon, Jul 22, 2019
This credit card can be used at RuPay card accepting points in India and JCB card accepting points outside India for both POS and bank ATM.
Thu, Jun 27, 2019
Equipped with card swipe facility, the micro ATMs can even operate via fingerprint scanner.
Wed, Dec 21, 2016
In this period, the Reserve Bank has issued to the banks and their branches, for distribution to the public, a total of 22.6 billion pieces of notes of various denominations of which 20.4 billion pieces belonged to small denominations of ₹ 10, 20, 50 and 100s and 2.2 billion belonged to higher denominations of ₹ 2000 and ₹ 500.
Tue, Dec 20, 2016
M B Mahesh, Nischint Chawathe and Abhijeet Sakhare of Kotak Institutional Equities said, “With 0.2 million ATMs and 1.4 million POS machines, Indian banks are getting an unexpected benefit coming through demonetisation as the bulk of 0.6 billion debit cards and 0.02 million credit card holders have started to look seriously at newer channels of payment.”
Post demonetisation, Indian banks especially public banks are expected to see growth in the ATM volumes led by steady activation of debit cards.
Mon, Dec 19, 2016
Gangu Kundaikar is a small-framed, sari-clad woman who rises at 3 a.m. every day, wraps a cloth around her waist so fish do not soil her sari, and takes a rented vehicle to the Malim jetty in Panaji, North Goa, 8 km from her village in one of Indias most prosperous and literate states.
SBI believes that introduction of Rs 500 currency notes in large numbers will fill the much needed vacuum of serving as the medium of exchange in between Rs 100 and Rs 2000 rupee notes.
Tue, Dec 13, 2016
One laddoo per family to ‘thank’ the people for their ‘patience,’ is what the the Delhi Bharatiya Janata Party troops will get cracking on to refresh Indian palates with a sweet taste after the bitter cash crunch swept pockets dry.
Sat, Dec 10, 2016
Two bank unions on Friday urged Reserve Bank of India (RBI) Governor Urjit Patel to ensure adequate supply of the new Rs 500 notes and bills of lower denominations to tide over the prevailing cash crunch.
Wed, Dec 07, 2016
People queuing up outside the banks and ATM kiosks continued to be a common sight in most parts of the national capital on Tuesday -- 28th day since the high-denomination notes were demonetised.
Sat, Dec 03, 2016
With the government nudging people towards digital banking modes -- payments through mobile phones, Point-of-Sale (PoS) machines and others -- ATM players may find their business in a flux in the coming years.
Fri, Dec 02, 2016
According to V. Balasubramanian, President, Financial Software and Systems (FSS), the demand for ATMs is unlikely to be affected in the next couple of years, but "it is not possible to make a growth estimate after two years given the changed situation".
While mobile wallets, banks are looking to grow their digital payment systems, there are still many risks which they have not yet taken care of.
Tue, Nov 29, 2016
On the evening of November 8, Prime Minister Narendra Modi in a televised address said that nearly 86% of Rs 16 lakh crore that oiled the Indian economy by way of Rs 500 and Rs 1000 notes were illegal tender from midnight.
Mon, Nov 28, 2016
From assuring constant supervision to reassuring honest taxpayers, and justifying demontization and why it was so chaotic, the RBI Governor finally opened up on demonetisation.
Sun, Nov 27, 2016
Many economists say that the move will result in a slowing down of the economy in the near term.
Sat, Nov 26, 2016
The demonetisation of Rs 500 and Rs 1,000 notes will have an impact on growth in the current quarter but the economy will gradually come back to the 'new normal', Commerce and Industry Minister Nirmala Sitharaman said.
V-Mart Retail, which has a network in tier-II and tier-III cities would allow cash withdrawal of up to Rs 2,000 from its store through ATM cards.
Fri, Nov 25, 2016
"In the long run, demonetisation is an eye-opener for DCCBs. They have to be on digital platforms. They should ensure their customers are also digitally savvy," Nabard Chairman Harsh Kumar Bhanwala told PTI.
Thu, Nov 24, 2016
These innovative start-ups have emerged during the demonetisation process to ease the troubles of people facing the cash crunch.
Wed, Nov 23, 2016
Department of Economic Affairs Secretary, Shaktikanta Das, on Wednesday spoke of the new initiatives taken by Reserve Bank of India (RBI) and the government to help smooth the ongoing battle of a cashless society on account of demonetisation.
Tue, Nov 22, 2016
The Mini ATM facility is similar to banks ATMs.
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