Nearly 1.65 lakh a/c holders avail overdraft under PMJDY

Last Updated: Friday, September 4, 2015, 18:13

The government on Friday said nearly 1.65 lakh Jan Dhan account holders, of the total 18 crore accounts opened under the scheme, have availed overdraft facility.

RBI extends deadline for banks to issue chip, PIN-based cards

Last Updated: Thursday, August 27, 2015, 23:08

The Reserve Bank on Thursday said it has extended the deadline for banks to issue chip-based and PIN enabled debit and credit cards.

RuPay card to soon overtake Visa-Master cards in India?

Last Updated: Wednesday, August 19, 2015, 17:12

It is interesting to note that, of the 580 million debit cards used in India, 190 million are said to be RuPay card, a huge achievement for a year old card.

SBI Group's share in debit card payments touches 25% in FY15

Last Updated: Sunday, July 5, 2015, 14:36

State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Patiala, State Bank of Travancore and State Bank of Mysore form the SBI Group.

Axis Bank launches debit card with enhanced security features

Last Updated: Wednesday, June 24, 2015, 21:26

Private sector lender Axis Bank Wednesday launched a new debit card, which can be "switched off" for specified time periods, and has also put in fraud protection and personal accidental cover along with the offering.

Use credit or debit card? Here are the benefits govt has planned for you

Last Updated: Tuesday, June 23, 2015, 11:14

The government has proposed income tax benefits for people making payments through credit or debit cards. This move also aims to boost digital payement and encouraging non-cash transactions.

Need to move towards plastic currency: FM Jaitley

Last Updated: Tuesday, June 2, 2015, 15:04

Finance Minister Arun Jaitley on Tuesday made a case for greater use of plastic currency even as he stressed that development of new facilities at Hoshangabad and Mysore would help in reducing reliance on imports for printing of currency notes.

SBI launches contactless debit and credit cards

Last Updated: Thursday, May 14, 2015, 19:17

State Bank of India Thursday joined its private sector rivals to launch contactless credit and debit cards using latest near field technology (NFC).

RBI to banks: Only chip, PIN based debit/credit cards from September

Last Updated: Thursday, May 7, 2015, 19:23

The Reserve Bank on Thursday asked banks to issue only chip-based and PIN enabled debit and credit cards from September, a move aimed at protecting customers from frauds.

SBI launches RuPay Platinum debit card

Last Updated: Thursday, May 7, 2015, 19:09

Country's largest lender State Bank on Thursday launched a RuPay Platinum debit card in association with National Payment Corporation of India (NPCI).

India's banks turn to consumer loans to counter corporate slowdown

Last Updated: Monday, April 20, 2015, 08:17

Meanwhile, retail borrowers have escaped largely unscathed, with income levels still growing, albeit at a slower pace, and no large-scale job losses.

Banks opened 13.2 cr new accounts under Jan Dhan Yojana: Prez

Last Updated: Monday, February 23, 2015, 13:34

A record 13.2 crore new bank accounts have been opened under the Pradhan Mantri Jan Dhan Yojana in last six months with Rs 11,000 crore coming in as deposits, President Pranab Mukherjee said today.