An ICICI customer can withdraw cash from over 15,000 ATMs of the bank by raising a request on 'iMobile'-its mobile banking application

Under the new rules, banks will be able to issue credit and debit cards that can be used only at ATMs and with PoS devices. The choice of using the cards for contactless and international transactions will lie with the user

Bank strike today: State Bank of India, Bank of Baroda, Syndicate Bank are some of the banks that are likely to be impacted

PM Modi holds meet with Indian business leaders; Ambani, Tata, Adani attend eventPrime Minister Narendra Modi on Monday interacted with India's top business stalwarts and discussed how to improve economic growth and create new job opportunities. The meeting was attended by top businessmen like Ratan Tata (Tata Sons), Mukesh Ambani (Reliance Industries), Anand Mahindra (Mahindra & Mahindra), Gautam Adani (Adani Industries), Sunil Mittal (Bharti Airtel), Anil Agarwal (Vedanta), ...

Bank strike: The State Bank of India (SBI) has said that it expects a minimal impact of the bank strike on its operations, whereas Bank of Baroda fears the strike will affect its functioning

In 2016, SBI sold 5 per cent in NSE to Mauritius-based Veracity Investments for Rs 911 crore

According to the SBI, the OTP-based cash withdrawal system will be active across all State Bank ATMs from 1st January 2020 between 8 AM to 8 PM

The proposed RBI rule will have severe impact on banks, such as State Bank of India, ICICI Bank and Kotak Mahindra Bank, as they derive a huge chunk of income from their insurance units

SBI to introduce OTP-based cash withdrawal from January 1, 2020, across all SBI ATMs

SBI share price gained up to 2.28% to Rs 337.40 compared to the previous close of Rs 329.85 on Sensex

Almost 155 million debit cards reportedly went out of the market due to the migration from magnetic strip debit cards to EMV-based debit cards

These are cases where SBI suspects borrowers have not paid up despite having money, have diverted bank funds for purposes other than stated initially, have siphoned off funds, or have disposed of charged assets bought from the bank funds

SBI is doing this under the Reserve Bank of India's (RBI) directions make it mandatory for all Indian banks to switch to the globally accepted and safe EMV chip-enabled debit cards

The poor response from PSBs is partly because of higher existing exposure to NBFCs via lending, issues with NBFCs portfolio quality because of job losses, and stagnant income levels

Online shopping scams: Piyush Goyal said that the government has the Consumer Protection Act, 1986 to safeguard the interests of the consumers

Due to divergence in reporting of bad loans, SBI has to make additional provisioning of Rs 12,036 crore in the balance sheet. As a result, the adjusted net loss of the bank would be at Rs 6,968 crore instead of its reported profit of Rs 862 crore for FY19

The growth in GNPA has been moderating for SCBs at an overall level given the reduction in the slippages of the PSBs and the loan write offs

SBI has said that it will not charge any fee from its customers for upgrading their debit cards before December 31

TCIL was previously contracted to pay an annual brand licence fee of Rs 2 crore to Thomas Cook UK until 2024 for usage of the brand

The banks and the state police had received over 60 complaints from customers in the last two days claiming their money had been taken out from various ATMs in Agartala