ICICI Bank Launched Cardless Cash Withdrawal Facility From Its ATM

ICICI Bank Launched Cardless Cash Withdrawal Facility From Its ATM
ICICI Bank has launched cardless cash withdrawal facility from its ATMs with a per day transaction limit of Rs 20,000. This News is Brought You By www.satiitv.com This service enables customers to withdraw cash from over 15,000 ATMs of the bank by simply raising a request on iMobile, its mobile banking application. Reserve Bank of India has said that it... Read More

Unsecured Loans Are Growing in India

Unsecured Loans Are Growing in India
Unsecured loans are growing even as secured retail advances such as auto loans, loans against property (LAP) and home loans saw moderate rates of balance growth at 10.3%, 11.6% and 10.0%, respectively, according to TransUnion CIBIL’s Q2FY20. This News is Brought You By www.satiitv.com Reserve Bank of India has announced the simultaneous purchase and sale of government securities worth Rs... Read More

Government Would Neither Amend Nor Withdraw Zero Merchant Discount Rate Policy

Government Would Neither Amend Nor Withdraw Zero Merchant Discount Rate Policy
Finance Minister Nirmala Sitharaman said that the government would neither amend nor withdraw the zero merchant discount rate (MDR) policy, nor compensate these companies on losses due to the waiving off the transnational charges in the upcoming budget. This News is Brought You By www.satiitv.com However, the minister assured the delegation that the banks would be mandated to continue their... Read More

38th Meeting of The GST Council, New Delhi: Latest Update

38th Meeting of The GST Council, New Delhi: Latest Update
38th GST Council meeting was held on 18 December 2019 It was chaired by our Hon’ble Union Finance Minister Nirmala Sitharaman and conducted at New Delhi. This News is Brought You By www.satiitv.com The Goods & Services Tax (GST) Council, in its 38th meeting, decided on a single rate of 28 % on both state-run and private lotteries. The new... Read More

36,539 Nos ATM / Debit Card Related Complaints by Bank Customers in 2019

36,539 Nos ATM / Debit Card Related Complaints by Bank Customers in 2019
ATM / Debit Card related complaints increased by 18% in the financial year 2018 – 2019. This News is Brought You By www.satiitv.com Total ATM / Debit card related complaints received in 2018-19 increased by over 11,500 to 36,539 in 2018-19. This amounted to 18.65% of the total complaints received under Reserve Bank of India (RBI) Ombudsman scheme in 2018-19,... Read More

How Will Artificial Intelligence Change The Banking Industry?

How Will Artificial Intelligence Change The Banking Industry?
Artificial Intelligence is helping banks transform operations from accounting to sales to contracts and cybersecurity. Banks are actively adopting new technologies for better growth prospects and to serve customers. With data analytics, blockchain and machine learning, banks are future-proofing their offerings and services. A computer system that can sense, comprehend, act and learn. In other words, a system that can... Read More