Naresh Dahibhavkar, president of Brihanmumbai Sarvajanik Ganeshotsav Samanvay Samiti (BSGSS) – the umbrella organisation of Ganpati mandals in the city – said donations through card payments is the first such initiative by any mandal in the city. read more

RBI, in its Payment System Vision 2021 document, has said that it will make available the NEFT system on a 24x7 basis from December 2019 in order to promote digital transactions. read more

The country’s largest bank, which has about 25 per cent market share, has also decided to do away with the charges on fund transfer through mobile phones using the IMPS (immediate payment service) from August 1. read more

In a communication to banks, the RBI said the decision had been taken to provide an impetus to digital funds movement. read more

The meeting, first after the Lok Sabha elections, also decided to set up a committee involving all stakeholders, under the chairmanship of CEO Indian Banks’ Association (IBA), to examine the entire gamut of ATM charges and fees. read more

Paytm stopped enrolling new customers on June 20 following an audit by the Reserve Bank of India, which made certain observations about the process the company follows in acquiring new customers and its adherence to know-your-customer (KYC) norms, sources... read more

Employees from nearly 40 state-owned and private banks across the country are going on a strike on May 30 and May 31 to press for a revision of wages they say is due since November 2017. read more

Distributors of books will collect books from these depots and circulate them to local book shops. read more

Apart from normal clearing, which is followed on any working Saturday (which March 31 is), a special clearing will be held exclusively for government transactions with return clearing on the same day. read more