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Agriculture And Allied Industries

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Note ban effect: Debit cards preferred over credit cards, account for 60% of card spend

Mumbai: Debit cards have replaced credit cards as the primary mode of payment post demonetisation, accounting for 60 percent of the total card spending as compared to 42 per cent p...

March 27, 2017

ATM cash withdrawal limit eased further

Mumbai/New Delhi: The Reserve Bank of India (RBI) has removed withdrawal restrictions on current, cash credit and overdraft accounts, thereby allowing savings account holders to wi...

January 31, 2017

IndiaPost becomes 3rd entity to receive licence to start payment bank operations

New Delhi: IndiaPost has received the final license from Reserve Bank of India (RBI) to start its payment bank operations, thus becoming the third entity in India after Bharti Airt...

January 30, 2017

Govt to integrate BHIM app with Aadhaar for transactions

New Delhi: The Government of India plans to integrate the recently launched Bharat Interface for Money (BHIM) app with the Aadhaar ID of users, which will rule out the need for bio...

January 18, 2017

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...

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 st...

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 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 denomi...

January 04, 2017
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