APN News

  • Monday, January, 2017| Today's Market | Current Time: 06:23:41
  • SBI, PNB, UBI cuts lending rate by up to 90 bps

    Top PSU lenders State Bank, Punjab National Band and Union Bank

    Finance Ministry asks banks to restrict fees on payments through IMPS & UPI

    Finance Ministry has asked Public Sector Banks to restrict fees on payments through Immediate Payment Service- IMPS and Unified Payments Interface -UPI to the extent that is applicable for NEFT fund transfer of over 1,000 rupees. IMPS is an interbank electronic instant mobile money transfer service through mobile phones. The UPI app enables customers to […]

    RBI modifies circular on depositing over Rs 5000 in banks in old notes

    Scrapping the December 19 circular, the Reserve Bank of India today modified the old currency deposit rules and withdrew the 5000 rupee limit for depositing money in old currency notes for fully KYC (Know Your Customer) compliant accounts only. The RBI in a circular issued said the KYC complaint account holders will not be questioned […]

    How future banks are going to look like

    The rapid pace of digitization has meant that businesses, especially banks, have had to invest heavily in technology to keep up with consumer demands. The two-three most promising areas where digital advances could revolutionise customer experiences are artificial intelligence, chatbots and personalization. The Internet of Things is another area that could impact banking transactions. Banks […]

    Supreme Court seeks centre’s response on whether co-op banks can accept old notes

    The Supreme Court today sought the Centre’s response on issues like whether district cooperative banks could be allowed to accept deposits in demonetised notes and why banks are unable to allow assured weekly withdrawals of Rs 24,000 to customers. The bench headed by Chief Justice T S Thakur said though demonetisation has been carried with […]

    Demonetisation to curb terror funding: MoS Finance

    Minister of State for Finance Santosh Gangwar has asserted

    FM asks RBI to set up special cell to monitor circulation of fake currency

    Finance Ministry has asked the Reserve Bank of India to set up a special cell to monitor circulation of fake currency in the country and further advised RBI to monitor the receipt of fake currency notes and inform such instances to the law enforcement and investigative agencies. Finance Ministry said in a statement that the […]

    RBI hands over WB govt list of 194 entities raising money illegally

    Kolkotta : The market intelligence wing of the Reserve Bank of India (RBI) has handed over to the West Bengal finance department a list of 194 dubious financial entities still collecting deposits illegally from different parts of the state. The apex bank has also cautioned the state government that in absence of an immediate crackdown, […]

    Pay I-T dues in advance to avoid last minute rush: RBI

    Reserve Bank of India has authorized 29 agency banks to accept payments

    Fintech Start-ups to Promote Financial Innovations in Banking Sector: Ken Research

    Indian banking is the lifeline of the nation and its people. Banking has helped in developing the vital sectors of the economy. The sector has translated the hopes and aspirations of millions of people into reality. But to do so, it has had to pass miles and miles of difficult terrain. Today, Indian banks can […]