Only 48% of Indian adults have access to bank account: Report

Last Updated: Tuesday, December 2, 2014, 15:00

Only 48 percent of Indian adults have bank accounts and nearly half of them lie dormant, says a report.

'Only 48% of Indian adults have access to bank account'

Last Updated: Tuesday, December 2, 2014, 15:00

Only 48 percent of Indian adults have bank accounts and nearly half of them lie dormant, says a report.

LPG cap hiked from 9 to 12; Aadhar-linked subsidy scheme suspended

Last Updated: Thursday, January 30, 2014, 18:10

Oil Minister M Veerappa Moily said raising the quota of subsidised LPG to 12 cylinders from nine at present, will cost Rs 5,000 crore in additional subsidy annually.

Subsidised LPG cylinder cap hiked from 9 to 12 per yr; effective from April

Last Updated: Thursday, January 30, 2014, 15:53

Bowing to party pressure, the government Thursday raised the quota of subsidised LPG to 12 cylinders per household in a year from nine at present and also put on hold paying users the subsidy into bank accounts using Aadhaar platform.

Iran requests India to allow open accounts in multiple banks

Last Updated: Thursday, January 16, 2014, 17:15

Iran has requested the Ministry of Finance and the Reserve Bank of India to allow it open accounts in multiple banks to facilitate better non-oil trade between the two nations.

Bank accounts for all adults by 2016 very much possible: Mor

Last Updated: Friday, January 10, 2014, 21:06

The target of having a bank account for all adults in India by 2016 is not too ambitious and can be achieved with progress made in Aadhaar number rollout, said Nachiket Mor, who headed the RBI panel on financial inclusion.

RBI allows banks to pay interest at shorter intervals

Last Updated: Tuesday, October 29, 2013, 15:13

Savings bank account and term deposit holders can now earn interest at shorter intervals, with the Reserve Bank Tuesday allowing banks to revise the periodicity of interest payments.

Now, `Aadhaar' to facilitate paper-less bank account opening

Last Updated: Thursday, October 24, 2013, 23:13

A new feature added to `Aadhaar' will now enable the card-holder to open a bank account without any paperwork.

EOW finds half of NSEL warehouses empty

Last Updated: Friday, October 4, 2013, 19:52

In a startling development, the Economic Offences Wing (EOW) of Mumbai police, probing the Rs 5,600-crore payment crisis at the NSEL, has found half of the warehouses it raided empty, while four storage building of commodities existed only on paper, a police official said.

NSEL payment crisis: Lookout notice issued against Jignesh Shah

Last Updated: Friday, October 4, 2013, 18:28

Tightening its noose, the Economic Offences Wing (EOW) of Mumbai police, which is probing the Rs 5,600-crore payment crisis at the National Spot Exchange Limited (NSEL), today issued lookout notices against promoter Jignesh Shah and others named in the case.

Govt changes norm for widows to get pension

Last Updated: Tuesday, September 24, 2013, 15:34

The government has done away with the requirement for widows to present themselves before two gazetted officers to "verify" their status for getting family pension in certain cases.