Page 10 - Harsh Kumar

ATMs slide into the shadows as digital transactions take centerstage

With the Covid-induced surge in UPI transactions now firmly here to stay, banks are rethinking their strategies - and costs - on ATMs, especially for off-site machines

After constraints get addressed, IIFCL book can grow to ₹4 trn by FY28: MD

P R Jaishankar talks about the road ahead for India Infrastructure Finance Company

PSBs introduce AI-driven soft skill training to enhance customer service

It comes against the backdrop of stagnating deposit growth at major public sector banks (PSBs) and concerns in the Ministry of Finance about inconsistent customer service

Indo-Pak tensions: PSBs fortified ops in sensitive areas along border

Banks such as Punjab & Sind Bank, Canara Bank, Union Bank of India, and Punjab National Bank have asked their circle heads to stay in their zonal offices

Ministries prepare crisis plans after PM's review meet amid border tensions

Ministries of agriculture, power, labour and consumer affairs prepare plans to support farmers, protect jobs, and ensure grid and supply stability amid border conflict

FM asks banks to stay alert, says financial system remains robust

Finance Minister asks banks to ensure uninterrupted banking, cyber vigilance and ATM cash flow amid India-Pakistan tensions; insurers told to speed up claim settlements

SC's Bhushan Power and Steel ruling: Review petition may flag 'errors'

According to a source aware of the developments, it appears that the court did not consider infusion of money by JSW in the form of compulsory convertible debenture towards equity infusion

DFS tells public sector banks to speed up CIRP filings, cut delays at NCLT

The Department of Financial Services has urged public sector banks to reduce procedural delays in insolvency filings and improve resolution timelines under the IBC

CoC to meet on JSW-Bhushan case in 3 days: PNB MD & CEO Ashok Chandra

The Committee of Creditors (CoC), led by Punjab National Bank in the case of Bhushan Power and Steel Ltd (BPSL), will be meeting with other lenders

Govt steps up vigil as cyberattacks rise since Pahalgam terror attack

Tells Cert-in, banks, power stations to be on high alert

Punjab National Bank Q4 results: Net profit rises 51.7 % to ₹4,567 cr

Punjab National Bank reported a 51.7 per cent rise in Q4FY25 profit as lower NPAs, higher retail credit and strong digital growth boosted overall performance

Surprise visit by DFS secretary M Nagaraju shows behavioural lapses at PSBs

He was made to wait for an hour to meet the manager in one bank, and in some other PSB branches, he found the behaviour of officials "unsatisfactory"

'Stay ethical, avoid temptation': FM Sitharaman's advice to UPSC achievers

Finance Minister Nirmala Sitharaman addresses 2024 UPSC batch in Chennai, urging officers to uphold integrity, avoid unethical gains and specialise early in their careers

Over 1,700 money laundering cases under trial: ED chief Rahul Navin

He attributed the delay in prosecution to the broader issue of slow judicial processes in the country

Make UPI robust to prevent disruptions, FM Nirmala Sitharaman tells NPCI

UPI, India's real-time payments system, faced a fourth glitch in more than two weeks on April 12

FinMin prods banks to speed up rollout of Pradhan Mantri Surya Ghar scheme

PMSGMBY is a solar energy scheme for both rural and urban households

Probe agency ED searches 8 places in Delhi-NCR in case against FIITJEE

Residence of Dinesh Kumar Goel, managing director of company, among places investigated: Sources

Finance ministry plans unified portal for govt-sponsored schemes

This is set to boost efficiency and reduce redundancy while providing greater convenience to bank functionaries implementing these schemes, said a senior government official

FinMin pushes banks to boost farm loans against e-warehouse receipts

So far, only eight banks have joined the NCGTC for credit guarantee coverage, while 26 banks have signed up for the e-KUN portal which is part of the Jansamarth portal

ED attaches Rs 121.8 cr worth assets of Neomax Group in Rs 8,000 cr scam

The attached properties, located across Tamil Nadu, have an estimated market value of around Rs 600 crore