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The Economic Times: Latest business, finance, markets, stocks, company news from India.



Last Build Date: Thu, 19 Jan 2017 01:32:16 GMT

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Currency in circulation grows for the first time since note ban

Wed, 18 Jan 2017 14:38:12 GMT

(image) Total currency in circulation, which as a major component of reserve money or base money printed by Reserve Bank of India, amounted to Rs 9.5 lakh crore as on January 13, up Rs 52,790 crore during the week.



Over 100 bank employees penalised for malpractices during note ban

Tue, 17 Jan 2017 19:13:50 GMT

(image) As investigating agencies probe charges of mismanagement, some employees from state-run lenders have been suspended, others have been transferred.



Should banks reinvent themselves as ATMs, plastic money will be redundant?

Tue, 17 Jan 2017 18:51:06 GMT

(image) Banks are back to the drawing board as many of the tools they used for nearly two decades are likely to be consigned to the dustbin.



Many PSU banks may skip dividend payout this fiscal

Tue, 17 Jan 2017 11:28:03 GMT

(image) Last fiscal, as many as 16 PSBs, including PNB, BoB and Canara Bank, skipped paying dividend in 2015-16, leading to three-fold decline in govt receipts to Rs 1,444.6 crore.



What big banks must do to get ahead of the digital curve

Tue, 17 Jan 2017 07:40:27 GMT

(image) Social media giants and FinTech companies have the best of the algorithms to do predictive modelling to offer the consumers what they could be looking to buy.



ATMs closer to pre-November 8 cash position

Tue, 17 Jan 2017 05:44:33 GMT

(image) Demonetisation seems to have changed the way consumers withdraw money from ATMs, straining the cash dispensing machines at a time when they are yet to start getting their full quota of cash.



HSBC elevates Sandeep Uppal as regional head

Mon, 16 Jan 2017 14:55:17 GMT

(image) In India, Uppal will be succeeded by Rajat Verma as head of commercial banking in India also with effect from 1 June 2017.



Know what will happen to your money when Paytm becomes payments bank

Mon, 16 Jan 2017 14:30:00 GMT

(image) One 97 Communications is preparing to merge its wallet service with the payments bank. If you are a Paytm user, here's what you need to know.



Demonetisation: UBI sees credit growth at 7-8 per cent by the end of financial year

Mon, 16 Jan 2017 13:10:07 GMT

Bajaj said out of the Rs 15 lakh crore-odd money which had been taken out of the system, 30 per cent of the money returned had been withdrawn.



RBI arm tests tech behind Bitcoin

Mon, 16 Jan 2017 06:47:36 GMT

(image) Blockchain is a public ledger that enables historical recording of all transactions that has occurred in a network in a way that it cannot be altered.



Third-party apps leaking info, claim banks

Mon, 16 Jan 2017 06:33:14 GMT

(image) Flipkart-owned PhonePe is a third-party app but it is able to be part of UPI through a partnership with Yes Bank. Flipkart recently integrated UPI payments on its website.



Cutting free ATM withdrawals to three being considered

Mon, 16 Jan 2017 05:07:20 GMT

(image) Currently, most banks allow own customers up to 5 free ATM transactions every month after which a fee of Rs 20 per transaction plus service tax is applied.



ICICI Bank blocks payments for its customers on Flipkart’s wallet PhonePe

Mon, 16 Jan 2017 03:11:15 GMT

(image) ICICI Bank cites restrictive practices and security concerns as reasons for blocking payments for its customers on Flipkart’s wallet and payments app.



ICICI Bank blocks payments for its customers on Flipkart’s wallet PhonePe

Mon, 16 Jan 2017 03:11:15 GMT

(image) ICICI Bank cites restrictive practices and security concerns as reasons for blocking payments for its customers on Flipkart’s wallet and payments app.



Indian banks are waking up to a new kind of cyber attack

Sun, 15 Jan 2017 18:27:19 GMT

(image) The RBI last month directed several banks to cross-check all trade documents issued over the past one year.