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Aadhaar is a 10-digit unique identity given to almost every Indians.

Banks claim UIDAI cannot issue orders to them, only RBI can

In July, the UIDAI had asked private as well as public banks to open Aadhaar enrolment and updation facilities.

21 Oct 2017 1:13 PM IST

The other banks which reported large number of frauds to the apex bank during the period include Axis Bank (189), Bank of Baroda (176) and Citibank (150). (Representational Image)

Big 4 accounting firms on IBA's list of forensic auditors

Number of banking fraud cases involving Rs 1 lakh and above has increased to 5,076 in the fiscal ending March 2017, from...

18 Sept 2017 6:56 PM IST

SBI chairman designate Rajnish Kumar.

Indian Banks Association elects Rajnish Kumar as chairman

The government and regulators, said it has three top bankers from various lenders as its deputy chairmen.

19 Oct 2019 1:08 PM IST

Given the higher NPAs and weak capitalisation of PSBs, ICRA had earlier projected private sector banks market share in the banking sector advances to increase to 38 per cent 40 per cent by 2020 from 27.5 per cent as on March 31, 2017. (Representational image)

2 bank unions call for two-day strike on January 8-9

Strike call given by 10 central trade unions against the government's alleged anti-worker policy.

5 Jan 2019 4:07 PM IST

The rules of the new insolvency regulations to bring individual businesses under its purview are likely to be in place soon. (Representational Image)

RBI circular a welcome step; provides more freedom to bankers: IBA

RBI has given more freedom to bankers to bring their own resolve, said Indian Banks' Association chief Sunil Mehta.

8 Jun 2019 2:59 PM IST

The gold jewellery exporters used 176 tonnes of gold for round-tripping while only 50 tonnes catered to genuine exports in 2018, as per the estimates of precious metals agency GFMS.

Jewellery industry to meet bankers over liquidity crunch

Stock level has gone down affecting sales, expansion plans and job creation, said GJC's Shankar Sen.

1 July 2019 8:23 PM IST

Now, the cases heard by the Supreme Court have anywhere between two and 30 parties. Who decides who will be unmuted? (PTI)

In big relief, government may allow telcos spectrum waiver

A bench comprising Justices M.R. Shah and A.S. Bopanna granted the DoT time to reconsider the levy

6 Oct 2021 6:53 AM IST

The credit cost for the banking sector, which was 4.8 per cent in Q4FY18, has reduced to 2.75 per cent to 3 per cent in Q4FY19, going by the bank results declared so far.

New rules to shield honest bank staff

Punitive action needs to be taken against the officers having malafide intent/involvement

1 Nov 2021 9:45 AM IST

In August 2019, the Reserve Bank of India (RBI) had issued a framework for processing of e-mandates on recurring online transactions. Representational image

RBI extends timeline to comply with new rule for online transactions...

The primary objective of the framework was to protect customers from fraudulent transactions and enhance customer...

1 April 2021 7:41 AM IST

UFBU is an umbrella body of nine unions, including All India Bank Officers Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW). (Photo: PTI | Representational)

Bank unions call for two-day nationwide strike from May 30

Bank employees have organised a demonstrations on May 29 at State Bank of India's main branch at the Fort area in...

24 May 2018 5:50 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

Free banking services out of GST net, says Finance ministry

Every bank offers a different slab of minimum balance to customers, based on which some free services are provided.

15 May 2018 4:38 PM IST

Employees of public sector banks have threatened to go on two-day nation-wide strike from May 30.

Bank unions threaten 2-day nation-wide strike from May 30

IBA made two unacceptable propositions including an offer of 2 per cent hike in the wage bill cost as on March 31, 2017.

11 May 2018 4:52 PM IST