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Cabinet allows 100% FDI under automatic route for white label ATMs

Last Updated: Wednesday, September 9, 2015, 17:12

The Cabinet on Wednesday permitted 100 percent foreign direct investment (FDI) under the automatic route for white label ATM operations, a move that is aimed at promoting financial inclusion.

China calls for ATM upgrade to handle new currency notes

Last Updated: Wednesday, August 12, 2015, 17:59

The People's Bank of China (PBOC) said it will issue new 100-yuan bank notes starting November 12.

Canara Bank ups ATM installation target to 1,000 this fiscal

Last Updated: Sunday, July 26, 2015, 12:38

The 27 public sector banks have plans to set up as many as 15,007 ATMs in the country this fiscal. In April-June, they added 3,037 machines.

Greek banks could run out of cash in next two days : Sources

Last Updated: Wednesday, July 8, 2015, 01:33

Greek banks could start to run out of cash over the next two days if creditors do not agree to a new aid deal, two sources familiar with the country`s financial system said on Tuesday.

IDFC bank branches to be mix of metros, backward areas

Last Updated: Tuesday, June 16, 2015, 15:28

IDFC, which is targeting full-fledged debut as bank by October, Tuesday said it is working on a "binary strategy" that will entail opening branches in metros as well as backward districts of the country.

ATM use: HDFC Bank to stop paper slips,to send detailed SMSes

Last Updated: Sunday, May 31, 2015, 13:20

The bank is piloting the initiative at a few ATMs at present and will roll out the same across its network of over 11,700 ATMs by the end of June, the official added.

ATM use: HDFC Bank to stop paper slips,to send detailed SMSes

Last Updated: Sunday, May 31, 2015, 12:40

This is a part of the digital initiative for the bank, under which it had last year launched the 'Green PIN' scheme wherein card-users were given the PIN numbers electronically rather than in a printed kit, the official said.

NPCI cuts inter-bank ATM transaction fees by 10%

Last Updated: Friday, May 8, 2015, 16:16

The National Payments Corporation of India (NPCI) on Friday announced a 10 percent or 5 paise reduction in charges for transactions on its inter-bank ATM network.

MoneyGram ready to handle electronic-mode remittances in India

Last Updated: Tuesday, May 5, 2015, 13:39

NASDAQ-listed MoneyGram is ready to handle remittances through electronic modes in India as soon as the government allows such transactions through a series of electronic modes such as online, ATM and phone banking.

Cap on withdrawals through ATM is policy decision: RBI tells HC

Last Updated: Wednesday, April 15, 2015, 20:57

The Reserve Bank of India (RBI) on Wednesday told the Delhi High Court that putting a cap on the number of withdrawals by banking customers using their ATM cards without being charged, is a policy decision taken in public interest.

SBI plans to add 8,000 more ATMs this fiscal

Last Updated: Wednesday, April 15, 2015, 20:54

State Bank of India (SBI) on Wednesday said it is looking to add another 8,000 ATMs for both accepting and dispensing cash, with a view to ramping up its existing network.

Long holiday ahead; banks to remain closed for 6 days

Last Updated: Monday, March 23, 2015, 13:00

Banks will remain closed for the six days in most part of the country between March 28 and April 5, thanks to the coinciding dates of the list of holidays.