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New credit card users rise post demonetisation; SBI issues record cards in December Mumbai: SBI, the second largest issuer of credit cards in India, has reported issuance of 115,000 new cards in December 2016, post demonetisation, taking its total card issuance to 4.75 million....

Economic Times January 17, 2017

Airtel Payments Bank to be launched today New Delhi: Finance Minister Mr Arun Jaitley and Bharti Group chairman Mr Sunil Mittal will launch Airtel Payments Bank today, thereby becoming India's first payments bank to start full-fledged operations in the country....

Livemint January 12, 2017

Government, RBI ask banks to boost ATM cash supply New Delhi: The Government of India and the Reserve Bank of India (RBI) have asked commercial banks to divert more cash to ATMs in order to make them fully functional by the end of January or early February 2017, and also ensure adequate supplies of f...

Times of India January 10, 2017

RBI asks banks to supply at least 40% of currency to rural areas Mumbai: The Reserve Bank of India (RBI) has instructed banks to give priority to rural areas in supplying cash and ensure that at least 40 per cent of currency issued are in denomination of Rs 500 or below, to meet the shortage of currency notes afte...

HT Business January 04, 2017

Bank's lending rate cuts raise hopes of a revival in credit growth New Delhi: Loan growth in India is expected to increase after a group of banks, led by market leader State Bank of India, announced sharp cuts to their lending rates following the recent surge in deposits led by the withdrawal of high-value currency....

Livemint January 03, 2017
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