Mayur Shetty

  • WFH could ‘Uberise’ some bank jobs

    WFH could ‘Uberise’ some bank jobs

    SBI chairman Rajnish Kumar recently said in an interview that the bank was planning to move to a work-from-anywhere model rather than just work-from-home

    Home loans, credit card debt slump in April-May

    Home loans, credit card debt slump in April-May

    Typically, home loans and credit card outstanding display growth throughout the year. However, the first two months of this fiscal saw the credit card outstanding shrink by Rs 15,207 crore to below the Rs 1-lakh-crore level to Rs 92,887 crore.

    RBI nudges banks to decide if red-flagged accounts are fraud

    RBI nudges banks to decide if red-flagged accounts are fraud

    Last year, a spate of action by enforcement authorities resulted in many large borrowers being red-flagged. The RBI is now pushing banks to take a call on these loans. The red-flag account concept was introduced by the RBI to get banks to act on early warning signals, which include raids by regulatory and tax authorities.

    Mumbai: Banks reassess loans, home buyers in soup

    Mumbai: Banks reassess loans, home buyers in soup

    “Banks are revalidating home loans of their clients because of salary corrections. Further disbursements have been kept on hold. This has affected many builders,’’ said Ajay Ashar, Maharrashtra Chamber of Housing Industry (Thane) president.

    Banks to install contactless ATMs to cut down on touch

    Banks to install contactless ATMs to cut down on touch

    Traditionally, the ATM has been using a magnetic stripe card for identification of the accountholder and the PIN for authorisation. To use the contactless ATM, the customer has to use the bank’s smartphone app to scan a QR code on the screen and enter the amount and ATM PIN in his mobile, and collect the cash without touching the machine.

    Banks to install contactless ATMs to cut down on touch

    Banks to install contactless ATMs to cut down on touch

    Traditionally, the ATM has been using a magnetic stripe card for identification of the accountholder and the PIN for authorisation. To use the contactless ATM, the customer has to use the bank’s smartphone app to scan a QR code on the screen and enter the amount and ATM PIN in his mobile, and collect the cash without touching the machine.

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