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CASH DISPENSER
Deposits under RBI's latest foreign currency non-resident bank scheme will carry one-year lock-inThe Reserve Bank of India's new FCNR-B scheme offers a one-year lock-in for deposits and mandates non-cancellable swaps for banks. This ini...- We still need cash in ATManirbhar BharatDespite the rise of digital payments, cash remains essential, yet ATMs are increasingly running out of money. Banks are reducing their ATM ...
- UPI underdogs seek fair play; WhatsApp tightens scam defencesSmaller UPI players will meet NPCI to curb the growth of industry leaders PhonePe, Google Pay and Paytm. This and more in today’s ETtech To...
- The delimitation debate reflects our inability to eschew the politics of handouts, caste and ethnicityIndia faces a critical juncture as a proposed constitutional amendment fails. This highlights a growing divide between economically prosper...
- Liquidity unlocked, access denied: With rating rules, how TReDS leaves most MSMEs behindDespite the government’s TReDS push, experts say the RBI’s move to ease onboarding lacks clarity as credit ratings continue to be a key bot...
- Lenders' fields may yield less as collections wilt in summer"Collections fell by about two percentage points last summer, and we expect a similar dip this year," said the head of a non-bank lender, w...
- Vijay alleges conspiracy in Karur stampede, says he too seeks justiceIn a bold address, Vijay, head of Tamilaga Vettri Kazhagam, pointed fingers at orchestrated plots linked to the Karur stampede and the rele...
- Cash withdrawals from ATMs on riseA recent report indicates a continued rise in ATM cash withdrawals, with some states experiencing up to 8% growth. The average cash dispens...
- Cash still matters in the digital world: ReportDespite the rise of digital payments, ATM cash withdrawals are increasing, particularly in states like Bihar and Uttar Pradesh, with CMS In...
- Some ATMs to retract cash to tackle fake shutter overlay fraud: RBIThe Reserve Bank of India is partially reactivating ATM cash retraction, a feature disabled in 2012 due to fraud. This move combats a new "...
- Husband cannot use wife's debit card, says courtMost of us are not aware of this rule but according to banks, an ATM card is non-transferable and nobody else apart from the account holder...
- Availability of cash-dispensing ATMs continues to worsen: SurveyDelhi recorded the highest availability of cash- dispensing ATMs, with only 11 per cent unable to find money in ATMs during the mentioned d...
- Dry ATMs dispensing more disappointment than cashAverage waiting period across ATMs seem to be between two and four hours across the major cities.
- Dry ATMs dispensing more disappointment than cashAverage waiting period across ATMs seem to be between two and four hours across the major cities.
- SBI pumps money in POS devices as cash pipeline dries-upSeeking to reach out to maximum number of people looking to withdraw money, State Bank of India today said it is providing cash through POS...
- Cash-for-card at 5,000 petrol pumps but currency still a hurdleThere are 56,190 petrol pumps in the country, including those run by private oil companies that have not been allowed to offer the cash-dis...
- Here is a list of the petrol pumps dispensing cashSwipe your debit card at petrol stations run by state-run oil companies and you will get Rs 2,000.
- How ATMs became holy shrines overnight post demonetisationFrom mere 800 ATMs in 1999 to their indispensable status in Indian society today, these cash-vending machines have come a long way.
- Demonetisation: 700 petrol pumps start dispensing cashCap of Rs 1 lakh per petrol pump means only 50 people can be served.
- Banks go slow on ATM rollout after govt move to centralize purchaseThe wait outside public sector bank ATMs is set to get longer with the banks putting on hold plans to install new cash dispensing machines ...
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