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Top Banks in India | Indian Banking & Financial news
TRAI Brings Rs. 1.50 Tariff Ceiling For USSD Based Mobile Banking Service
Mobile phones are increasingly playing an important role in imparting Banking services to Indians. Given the penetration of mobile phones in rural areas, mobile banking is playing an important role in bringing financial inclusion to…
SBI Turns Your Shop Next-Door Into A Mini-ATM
Government owned banks like SBI are always looked upon a like boring place to be in. A behemoth in banking but a novice in innovation. So was it thought. But not after you read this.
Way back in July 2009, the Reserve Bank of India had…
HDFC Bank Brings INR 50k Day Limit On International Credit Card Transactions
RBI had come up with number of policy changes earlier this year for overseas debit and credit card transactions to curb spate of online banking transaction frauds.
Some of the major changes included mandatory enablement of EMV chip &…
New Age Banking: ICICI Launches New Facebook Payment App ‘Pockets’
Banking is one thing I have always had trouble with since childhood. How to get a demand draft issued? Where is the cheque number in the cheque? Why are the white slips different from the yellow and pink slips? And you can imagine my…
New Debit / Credit Card Rules by RBI to Dis-allow International Usage!
Although, the percentage of Banking Cyber Frauds have reduced over past 4 years, it is still quite high and many consumers end up loosing lot of money to it. Reserve Bank of India has recently announced changes in the Debit / Credit Card…
Cyber Fraud Statistics in Indian Banks: ICICI Leads
Reserve Bank of India recently released statistics on Cyber Frauds pertaining to Internet Banking, ATMs, Debit Cards and Credit Cards for past 4 years and even after all the security and policies introduced, cyber fraud in terms of total…
New CTS-2010 Bank cheque format : What you need to know
The deadline for new cheques under the Cheque Truncation System CTS-2010 has been extended till 31 March 2013 by the RBI. The move to replace cheques with instruments that meet the new cheque CTS-2010 Standard comes with benefits for banks…
HDFC launches Hindi Mobile Banking on Android, SMS
HDFC has today announced launch of its Hindi Mobile Banking application on Android as well as launch of Hindi SMS banking service. It has always surprised me that in India, we give such low importance to local regional languages. About…
Vodafone & ICICI Bank launch m-pesa: A Mobile payment & M-Commerce service
Vodafone India and ICICI Bank have inked a strategic alliance to launch mobile money transfer and payment service called ‘m-pesa’. This mobile money service will be available to all Vodafone customers and has been launched through its 100%…
HDFC Bank launches Android Mobile Banking App
HDFC Bank has recently launched its Mobile Banking App for android based smartphones. Promising 'banking on the move', the app can be used by customers with Android devices to make up to 30 banking transactions. To download the app,…
ICICI Bank launches 24/7 Electronic Branches and Tab Banking
As the countries' state owned banking sector comes out of a two-day lockdown, ICICI Bank has launched twenty five Electronic Branches and Tablet device Banking in a bid to make banking convenient with the help of technology. The IT based…
Indian BFSI sector’s IT Adoption to Double in 2012
We've talked about how IT is changing every nook and corner of the different industry sectors in India Inc. A recent survey by Zinnov Management Consulting revealed key performance indicators of adoption of IT in the Banking, Financial…
Now, Withdraw cash on ATM using only Mobile [Video]
Banking institutions, ATM users and other commercial vendors have a new reason to rejoice. A software called NCR Mobile Cash Withdrawal will allow ATM users to withdraw cash in less than 10 seconds directly though their mobile phone. This…
Airtel Money Super Account launched in partnership with Axis Bank
Bharti Airtel has partnered with Axis Bank to use combined forces of telecom and banking to offer financial inclusion (FI) to thousands of Indians who still don't have any access to banking. Called Airtel Money Super Account powered by Axis…
India’s Mobile Banking Adoption highest in World!
Mobile Banking has really caught up in India – according to recently conducted survey by ACI Worldwide, 76% of Indian mobile respondents used their mobiles for banking in last 6 months. This percentage is highest across the world.…
5 Indian Banks having their own iPhone/Android Apps!
Apps of most Indian banks are still in an evolving stage. While some are compatible on Android, many are not yet geared for the iPhone platform and many major nationalized Indian banks still haven't come out with mobile banking applications…
RBI hints at sobering pay packages of foreign bank executives !
The contentious issue of CEO salary and compensation to the senior executives across organizations has often spurred adverse reactions from the general public at large. A glaring example of this differential approach was witnessed during…
Pay your Maharashtra Govt dues Online [Duties, taxes, excise, etc]
The Maharashtra government is going full throttle the online way. While online VAT payment is mandatory since more than a year now, the state government has moved a step forward to ensure that all types of tolls, taxes and statutory fines…
Savings Bank Account Number Portability coming soon !
Implementing portability scheme is any form of service is the best way to ensure that the customer remains the king. While mobile number portability empowered telecom subscribers to ditch their erring operators; health insurance portability…
Failed ATM Transactions – What you should know!
Raghu: “Today is just not a good day for me” said Raghu in an angry tone. Which caught Nitin’s attention from away from his computer? Nitin: “What happened Raghu, never seen you so stressed.” Raghu: “Dude I just went to the ATM and…