Last year In April, the RBI through a confidential circular to banks had highlighted concerns about the ATMs running on Windows XP and/or other unsupported operating systems.

The introduction of the new Rs 100 notes comes at a time when the industry still has not completed the recalibration of all ATMs to dispense the newly introduced Rs 200 notes.

The video starts with PM Modi, while explaining about black money stashed in foreign banks, saying \"every citizen of India would get Rs 15-20 lakh without doing anything\".

The Instant Money Transfer service by State Bank of India allows the bank's customers to make wire transfers by providing just the basic details of the beneficiary.

The development comes nearly seven months after Airtel along with Airtel Payments Bank came under fire for allegedly opening payments bank accounts of its mobile subscribers without their consent, and LPG subsidy worth crores was deposited into these accounts.

Axis Bank's head hunting for CEO began after it cut short Shikha Sharma's reappointment period till the end of December 2018. In July 2017, the Axis Bank Board had reappointed Sharma as CEO for three years starting June 1, 2018. However, the RBI wrote back to the board asking it to reconsider the decision.

You can set up a maximum security biometric identity system in a high security facility with all round controlled access but the moment you take it to a national level, it develops any number of leakage points.

WhatsApp is taking a big step forward by piloting their Payments feature in India. The feature has been in Beta since February and is being tested by around a million users across the country.

WhatsApp Payments will soon reach customers and the company is gearing up for the launch with a 24-hour customer support for all users planning to use these services.

Virtual assistants and smart speakers are still relatively new technologies, and potentially susceptible to being exploited by cyber criminals.

Data released by the Reserve Bank of India shows an increase in cash withdrawals from automated teller machines (ATMs) by 22 per cent in April from a year ago to Rs 2.6 lakh crore.

Majority of the notes were in denomination of Rs 500 and Rs 2,000.

The company has made special provisions with the Indian Government and various banks to make the transactions as seamless as possible.

The Reserve Bank of India, on Monday, gave its approval for the merger of Capital First Limited, Capital First Home Finance Limited and Capital First Securities Limited with IDFC Bank.

As per the RBI Act, the central bank should have four deputy governors - two from within the ranks and one commercial banker and an economist to head the monetary policy department. Other serving Deputy Governors are Viral V Acharya, NS Vishwanathan and BP Kanungo.

The FAQ makes it clear that free services, like ATM withdrawals and cheque book issuance, provided by banks to customers will not attract GST.

In a set of FAQs on applicability of Goods and Services Tax (GST) on banking, insurance and stock brokers sectors, the revenue department has clarified that transactions relating to securitisation, derivatives, future and forward contracts are exempt.

the Facebook-owned company could roll out its payment service on WhatsApp as early as next week, for which it has partnered with top three private banks in India -- HDFC Bank, ICICI Bank and Axis Bank. The country's largest bank State Bank of India would also join in once all \"necessary systems\" would be in place.

With most of our payments happening digitally, credit cards have become a requirement. However, credit cards are not free. They do have charges - some well-known, others not so well-known. Watch BusinessToday.In video to find out about five lesser known credit card charges.