With this new update, customers can open and close fixed deposits 24X7 from wherever they are,” said Sunny K P, Head – Digital Banking.
Apollo Munich Health Insurance will offer a wide range of health insurance products to Dena Bank customers through the bank’s extensive nationwide branch network.
Credit growth shows dismal numbers for government banks, but still grabbing major share in total credit disbursed
PSBs cornered a share of 70.6% of aggregate deposits and 66.2% of the aggregate credit disbursed by Indian banks.
UPI has shown a 9.5% drop while that of Immediate Payment Service (IMPS) hosted by National Payments Corporation of India has shown a 12.5% fall.
Large treasury gains have helped most state-run banks post profits in the December quarter, but with yields rising nearly 40bps, gains are expected to be tepid.
Move to cut intercharge fees will make business unviable for institutions that have taken banking to villages thereby rendering a big blow to smaller banking units
This web-based tool linked to Corporate Card fits and works within existing processes and includes reconciliation reporting that simplifies tracking vendor payments.
The central bank intervened after receiving reports that many banks were hoarding cash
"There is bandwidth available to a certain extent, but that is not adequate. I have also been talking about the per capita consumption of bandwidth," Chandrababu Naidu said.
The feature, which enables payment to an Aadhaar number linked to a bank account, was made live on the BHIM app about a month ago.
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