A technical upgrade of RTGS, targeted to enhance the resilience and to further improve the Disaster Recovery Time of the RTGS system, is scheduled after the close of business of April 17, 2021.

The study highlighted that the imposition of service charges resulted in undue collections to the tune of over Rs 300 crore from among nearly 12 crore Basic Savings Bank Deposit Account (BSBDA) holders of SBI during the period 2015-20

It is proposed to constitute a committee to undertake a comprehensive review of the working of ARCs in the financial sector ecosystem, RBI Governor Shaktikanta Das said

The RBI today announced that it is proposing to enable non-bank payment systems like PPIs, card networks, wide-level ATM operators, among others to take direct membership in the Centralised Payment Systems

The earlier limit was Rs 1 lakh. This decision has been taken to enhance financial inclusion. The apex bank's announcement comes over a long-standing demand of the payments bank sector

Using the facility, customers can withdraw cash using their mobile with any UPI enabled app such as BHIM, Paytm, GPay, among others, and won't need to carry their card to the ATM.

This Special Festival Allowance Scheme provides an interest-free advance and can be returned in 10 easy instalments. All government employees will be given this loan in the form of a prepaid RuPay card

Axis Bank share price fell over 2 per cent to Rs 736.85 on Thursday, in line with BSE Bankex index which was down 1.45 per cent or 590.59 points at 40,240

Rapid digitisation and scaling up of non-banking businesses, from cards to insurance and MFs to YONO, have helped SBI transform itself

Share of complaints from metro regions has gone up from 26 per cent three years ago to 50 per cent in 2019-20, whereas it has declined in urban areas from 50 per cent in 2017-18 to 22 per cent in 2019-20

According to the new norms, the bank will charge its cardholders each time a transaction fails due to insufficient funds. According to the SBI website, the fee for a failed transaction would be Rs 20 plus GST

RBI's recent order comes after it advised HDFC Bank to temporarily stop all new launches of digital business generating activities planned under its programme Digital 2.0 on December 3, 2020

Rule changed for withdrawing cash from ATMs from February 1 for Punjab National Bank customers.

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HDFC Bank share was trading higher than 20, 50, 100 and 200-day moving averages but lower than 5-day moving averages. HDFC Bank stock has fallen 4% in the last 3 days of straight losses

RBI's order has come in the wake of rising outages in internet banking/mobile banking/payment utilities of the bank in the past two years

Farmkart's tech solutions are designed for non-tech savvy farmers providing them with fertilisers, pesticides, fungicides, seeds, farm equipment, among others at their doorsteps with no delivery cost

Unexplained outage in HDFC Bank data centres led to total disruption in UPI, ATM and card channels of bank for over 12 hours. HDFC Bank customers have faced similar digital disruption for third time in two years

Customers took to Twitter on Satursay to complain about the unavailability of transactional services, as well as issues with linked accounts on other applications like Paytm, Google Pay

Aadhaar issuing body, the Unique Identification Authority of India (UIDAI) has allowed the new card to be reprinted as polyvinyl chloride card (PVC) which is a typical ID card