Baring to buy Blackstone's stake in CMS for $250 mln - sources

Last Updated: Monday, March 9, 2015, 17:48

Blackstone Group LP has agreed to sell its 57 percent stake in CMS Info Systems Ltd to Baring Private Equity (Asia) for USD 250 million, two sources with direct knowledge of the matter told Reuters.

RBI directs payment firms to display company name in products

Last Updated: Friday, January 2, 2015, 18:57

Reserve Bank has directed entities offering services such as e-wallets, smart cards and White Label ATMs to prominently display their company name in products to ensure transparency.

Now, saving A/c holders can get ATM-cum-debit cards issued by Post offices

Last Updated: Wednesday, December 31, 2014, 16:28

Post offices can now issue ATM-cum-debit cards for savings account holders, as per a new amendment in the rules.

HC questions RBI on cap on withdrawals through ATM

Last Updated: Wednesday, December 24, 2014, 21:11

The Delhi High Court on Wednesday questioned Reserve Bank of India's decision to put a cap on withdrawals by banking customers using their ATM cards, saying account holders were being "unneccesarily taxed".

Why charge customers for using ATM: HC asks RBI

Last Updated: Wednesday, December 24, 2014, 16:23

The Delhi High Court Wednesday issued notice to the Reserve Bank of India (RBI) on a plea against RBI`s decision to impose a limit of five transactions per month from the customers` own bank ATM and charging Rs.20 per transaction beyond it.

ATM slips, bank transactions SMSes likely in Hindi soon

Last Updated: Sunday, December 21, 2014, 18:42

Very soon, ATM slips and messages from PSU banks on transactions could be in Hindi, if reports are to be true.

ICICI Bank to hike ATM charges from January 1

Last Updated: Monday, December 8, 2014, 13:33

After exceeding the free transaction limits, customers will have to pay Rs 20 per financial transaction excluding service tax and Rs 8.50 for every non-financial transaction.

RBI allows WLA operators to accept international cards

Last Updated: Friday, December 5, 2014, 22:56

Apart from this, the RBI also allowed the WLA operators to tie-up with any commercial bank for cash supply at ATMs.

Govt to approach RBI to prepare security plans of banks, ATMs

Last Updated: Thursday, December 4, 2014, 21:01

With an aim to ensure foolproof security at city's banks and ATMs, Delhi government has decided to approach Reserve Bank of India (RBI) and private security agencies to prepare a blueprint of security plans for them.

ATM transactions turn costlier from Dec 1

Last Updated: Monday, December 1, 2014, 00:02

Starting December 1, banks will reduced the number of ATM transactions to 5 per month for its saving account holders and thereafter charged Rs 20 per usage.

Free ATM transactions curtailed from Monday

Last Updated: Sunday, November 30, 2014, 23:57

Starting December 1, banks will reduced the number of ATM transactions to 5 per month for its saving account holders and thereafter charged Rs 20 per usage.

Free ATM transactions to be curtailed from December 1

Last Updated: Saturday, November 29, 2014, 12:21

Beginning December 1, 2014, more than 5 monthly ATM transaction may cost you over Rs 20 and a non-financial transaction will cost over Rs 8.5 as penalty.