APN News

  • Friday, February, 2017| Today's Market | Current Time: 08:36:32
  • SBI to merge with associates from April 1

    In the largest consolidation exercise in the banking history of India, all the five associate banks will merge with State Bank of India, SBI, from the first of April. The bank said in a regulatory filing that the assets of State Bank of Bikaner and Jaipur, State Bank of Mysore, State Bank of Travancore, State […]

    Fake notes from SBI ATM: Govt to investigate matter

    The government today said it will investigate the matter related to the SBI ATM in South Delhi dispensing fake 2,000 rupees notes. Talking to reporters in New Delhi, Minister of State for Finance Santosh Kumar Gangwar said, that all possible steps will be taken to control generation of counterfeit currency. He said, the government is […]

    From today cash withdrawal limit from Savings account is Rs 50,000

    Mumbai: Reserve Bank has enhanced the cash withdrawal limit from Savings Bank Account to 50,000 rupees from the existing 24,000 rupees from today. RBI has also said that all limits on cash withdrawals from Savings Bank Account will be withdrawn from 13th of next month.

    HP: People adopting cashless system after being sensitized by Common Service Centre’s specialists

    Himachal Pradesh : People in Himachal Pradesh are adopting cashless system after being sensitized by Common Service Centre’s specialists. In Bilaspur district, the Kathla village of Kutehlla Panchayat of Swarghat Sub Division has become cashless. District Manager of Common Service Centre Monica Gupta told AIR that people are using different digital modes for their payments. […]

    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