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RBI modifies rules again, exempts KYC a/cs from Rs 5,000 cap KYC (know your customer) is a process through which banks obtain information about the identity and address of the customers while opening accounts. |
PM Modi losing friends as anger grows over cash crackdown Continuing shortages of new 500 and 2,000 rupee notes have caused tempers to rise as millions queue at banks and ATMs... |
Bank FDs losing out? These investments will fetch good returns With the interest rates expected to fall further, this could be the last chance to lock in funds for medium to long t... |
SBI arm to offer credit cards against Rs 25,000 fixed deposit of any bank The subsidiary's move dovetails with the parent bank's latest plan to install around five lakh additional card swipe ... |
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Rupee may be choppy, but is still world beater, will remain so into 2017: Experts Market experts said domestic factors like the Reserve Bank of India's status quo on policy rates in December review a... |
Digital payment cos want more support; centre likely to agree Payment companies are strongly lobbying for making payments and settlements independent of the central bank and also ... |
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FROM THE NEWSPAPER |
Is it our job to identify tax evaders? Bankers bearing the brunt of ever-changing norms Customers depositing more than Rs 5,000 have to explain to two bank officials why they waited so long to credit the o... |
PM Modi inspired by Narasimha Rao? Govt heralds welfare schemes with Jan Dhan, insurance for poor In the phase of economic reforms, Rao unleashed an entrepreneurial spirit which may have given shape to many schemes ... |
Demonetisation: Chandrababu Naidu-led panel seeks cut in card transaction charges The proposal is in line with the govt's push to boost digital transactions as part of efforts to shift to a cashless ... |
Amazon on a high! Cloudtail surpasses Shoppers Stop's revenue; sales up 300% Cloudtail, a JV between Amazon Asia and Infosys founder Narayan Murthy's personal investment vehicle Catamaran, poste... |
Here's what may have led to Chitra Ramkrishna's exit from NSE It all started with the finance ministry and the Sebi receiving complaints from NSE shareholders over alleged 'non-co... |
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