banking

In a Right to Information reply, RBI has revealed some dark secrets of banking frauds, and the sheer volume will shock you. As per the reply shared by RBI, collectively Rs 1 lakh crore worth of banking frauds have happened in India, in the…

In lieu of non-maintenance charges, banks provide basic banking services such as ATM withdrawals, chequebooks, etc. In a surprise move, Directorate General of Goods and Services Tax Intelligence (DGGST) has contacted all leading banks and…

As per a recent decision made by Ministry of Finance, India Post Payments Bank will now merge with the massive network of 1.5 lakh post offices, across India. This will make India Post India’s largest banking network. SBI, which is…

Between April 2016 and March 2017, Indian banks reported a total of 12,533 cases of frauds, all across the country. These findings were shared by  Institutional Investor Advisory Services, which is a proxy advisory firm. The total loss…

RBI has informed the nation that Jio Payments Bank is now live. The banking operations under Jio Payments Bank would be a 70:30 venture between Reliance and State Bank of India, which will provide backend support for banking operations.

The Central Bureau of Investigation has exposed yet another bank fraud worth Rs 824.15 crores against the Chennai-based jewellery chain Kanishk Gold Pvt Ltd. after State Bank of India (SBI) filed a complaint against Kanishk Gold of cheating…

Punjab National Bank has once again found themselves on the wrong side of the news. After a massive scam of Rs 11,000 crore, hit them last week, they are now facing a data hack, quite serious in nature. It seems everything is going wrong…

The entire banking sector of India was stunned when PNB announced that they have been hit by a banking fraud to the tune of Rs 11,400 crore. Although banks have been facing issues of fraud since long, the magnitude of this PNB fraud was the…

After several credible and traditional news publications had shared reports that free banking services in public sector banks shall cease to exist after 20th January 2018, the Indian Banks’ Association (IBA) has clarified that no such thing…

Internet and cybersecurity firm Quick Heal's Security Labs has announced that the company has identified an Android Banking Trojan imitating more than 232 banking mobile apps around the world. It includes major Indian banks apps from SBI,…

At the start of the new year, India’s largest public sector bank: State Bank of India has announced a reduction in base rates, which will benefit home loan borrowers all over the country. Around 80 lakh SBI customers will now pay less for…

Paytm Payments Bank has revealed their aggressive plans for the next three years: Investment of Rs 3000 crore, and opening 1 lakh ATMs under 'Paytm ka ATM'.

In the last 6 months, between Apr & Sept, 2017, SBI Employee Base has reduced by 10,500 as employees have retired. Are there too many retirements happening?

Airtel has been steadily adding customers to their Payments Bank. However, many have complained that Airtel opens their bank account unethically. UIDAI has now sent a notice to Airtel in this regards

Digital payments solutions such as Unified Payments Interface (UPI), National Unified USSD Platform (NUUP), and Aadhar for identity and eKYC have the power to attract customers towards digital banking platforms.

Hike Messenger was India’s first messenger app to integrate UPI on its app, and soon we heard about WhatsApp looking to get approval from National Payments Corporation of India to allow in-app payments. UPI payments are extremely…

Twice in the 2 months, Reserve Bank of India (RBI) has taken a proactive approach in dealing with fraud bank transactions via online medium. On June 1st, RBI had declared that Rs 5000 shall be the maximum liability for consumers in…

United Payments Interface (UPI), the brainchild of National Payments Corp. of India (NPCI) is now processing more than 1 crore transactions per month. This is a major milestone for UPI because, after its launch in April last year,…

Internet Banking has always been an important part of our daily lives. Being easy alternative to card payments and e-wallets, net banking makes online transactions really easy. At present, Internet banking is the best and safest online…

The National Payments Corporation of India (NPCI) is going to commercially launch its credit cards, just like it had launched its own debit cards. The cards will be based on RuPay payment gateway and a few banks will be partnering with NPCI…