Banking Outlets

For the month of March 2024, banks are set to stay shut for at least 14 days. These holidays are determined by the RBI and state governments and include both public and regional holidays

In the B2B segment, HDFC Bank has a Flipkart-Diners wholesale card, which is typically offered to small retailers who normally make purchases from different distributors

Banking operations across the country may be impacted on Thursday as some bank unions would be joining the one-day nationwide strike called by central trade unions

Banking outlets are emerging as the new bankable model for financial inclusion in Odisha. The outlets are gaining currency as the state has a large chunk of its gram panchayats untouched by banking facilities.The state government has turned to the banking outlet model in un-banked areas that lack a brick & mortar branch or not serviced by a banking correspondent within five kilometer radius.A 'Banking Outlet' for a domestic scheduled commercial bank (DSCB), a small finance bank (SFB) and a payment bank (PB) is a fixed point service delivery unit, manned by either bank staff or its business correspondent where services of acceptance of deposits, encashment of cheques/cash withdrawal or lending of money are provided for a minimum of four hours per day for at least five days a week.It carries uniform signage with name of the bank and authorization from it, contact details of the controlling authorities and complaint escalation mechanism.There are 1474 such gram panchayats where the ..