SBI savings bank account for minors: All you need to know

-Cheque book facility is available with both types of accounts. The mobile number of the account holder is recorded. Specially designed personalised cheque books with 10 cheque leaves are issued. In the former case it will be issued to the Guardian in the name of minor. In the latter, it will be issued if the […]

SBV tells banking industry to develop an inclusive finance system

According to the central bank, inclusive finance has become a common vision around the world. Up to now, more than 60 countries have developed and implemented a comprehensive national financial strategy. Many countries have come up with innovative solutions in financial technology, focusing on reducing costs and improving the safety and convenience of financial services.

Despite lower interest rates, people still put money in banks

“I was so lucky to put my gold-selling money in the bank instead of buying more gold when the gold prices went lower. If I had not done that, I would have been lost the profit I gained from the gold-selling as the gold prices went down sharply and suddenly,” she told Viet Nam News.

SBI, HDFC, ICICI Bank see surge in suspicious transactions during COVID-19: Report

The FIU has now initiated investigations in several cases. Banks, too, are bringing in forensic investigators to help identify these red flags. Gaganpreet Singh Puri, leader, forensic services, at PwC India, said “many companies and individuals that were using cash transactions or illegal ways to sidestep or circumvent regulations are now unable to do so” […]

SBM bank ties-up with Mastercard, launches SBM world debit card

State Bank of Mauritius (SBM) India and Mastercard announced the launch of a unique debit card customized for the refined needs of high net worth customers. The SBM World Debit Card represents a blend of niche banking solutions and carefully curated lifestyle privileges, including some shopping and dining opportunities.The bank said the card has been […]

Bank CEOs discuss accelerated digital shift after COVID-19 pandemic

COVID-19 pandemic has led to numerous disruptions in business models, operations, and functioning of industries all throughout the globe. The banking sector globally, and more specifically in India has been no exception. In the past six months, Banks have moved and accelerated their transformation digitally, ensuring no customer left behind in the process of bouncing […]

The world’s central banks are starting to experiment. But what comes next?

The problem of sustained low inflation first emerged in Japan in the 1990s. It was then the exception. The events of 2008 shocked the financial systems of Europe and the US. Central banks responded with dramatic asset purchases, known as quantitative easing. That staved off disaster, but it left lacklustre growth and prices drifting perilous […]

Accelerating workforce transformation to help banks stay competitive

banking sector, it is imperative for banks to transform their workforce to become digitally flexible and agile. The HR panel at ETBFSI Converge discussed the impact on the workforce with digitization, automation, and emergence of fintechs. Constraint: The mother of Innovation and changeRajkamal Vempati, Head HR, Axis Bank, says that the interface of man and […]

Banks catalysts of economic revival, make special efforts to reach out to people: Nirmala Sitharaman

She further said banks should ensure that their employees know the details of all government schemes which are to be implemented through them. “It is your duty to know about the schemes that the government passes to customers through you. I would want to be sure that your staff at every level has at least […]

Banks are catalysts of economic revival: Sitharaman

The initiative provides convenience of banking services to customers at their doorstep through the universal touch points of call centre, web portal or mobile app.