-BusinessToday.in Almost 155 million debit cards reportedly went out of the market due to the migration from magnetic strip debit cards to EMV-based debit cards The number of debit cards in circulation fell 15 per cent on annual basis to 843 million in October as banks moved to migrate to EMV-chip-based cards. The downturn came as the debit cards in India seemed poised to touch the 1-billion mark a year ago, with...
More »SEARCH RESULT
Total Matching Records found : 2655
NPA divergence of Rs 29,000 cr in 12 banks: Why there is more to accounting jugglery than meets the eye -Dinesh Unnikrishnan
-Firstpost.com * The stark divergence in banks’ estimates vs that of the RBI has raised many eyebrows in the investor community prompting them to avoid such companies till clarity emerges * Recently, Bank of Baroda reported a divergence of Rs 5,250 crore in gross NPAs for the year ended March 2019 * Ever since divergences came to public, banks have begun to make higher provisions to cover up the mess An element of trust...
More »RBI's 2018 notification excluded Muslims from Pakistan, Bangladesh to open Bank Account in India -Manoj Sharma
-BusinessToday.in The notification was first issued in March 2018 after a nod from the Ministry of Home Affairs and the Department of Economic Affairs, following which it was made mandatory for banks to mention the religion of a person from Pakistan and Bangladesh for opening an account in India Even as the protests over the recently passed Citizenship Amendment Act have brought India to a standstill, the Reserve Bank of India (RBI)...
More »If Aadhaar is not proof of citizenship, then why was it linked to Bank Accounts, voter IDs, Mamata asks Shah
-PTI The TMC supremo said that if Aadhaar is not a proof of citizenship as per the home minister, then why was it linked to welfare schemes and the banking system. KOLKATA: Assailing Union Home Minister Amit Shah for his comment that Aadhaar was not a proof of citizenship, West Bengal Chief Minister Mamata Banerjee on Wednesday asked him why was it then linked to Bank Accounts, voter IDs and mobile phones...
More »Bad loans under Mudra Kishore jump 107% in six months -Shyamlal Yadav
-The Indian Express 12 PSU banks data reveal smallest ticket size Shishu loans fare best. New Delhi: THE number and value of bad loan accounts in the Kishore category of the Pradhan Mantri Mudra Yojana (PMMY) for a dozen public sector banks including State Bank of India, Canara Bank and Bank of Baroda, have jumped 107 per cent and 71 per cent, respectively, as on September 30, 2019 compared with March...
More »
