banking service news

Bank of Baroda launches WhatsApp services. Here’s what you need to know

The key benefits of Bank of Baroda’s WhatsApp service are 24X7 availability of banking services, no additional requirement of application download, easy access and convenience to all customers. It will be available on both Android and iPhone at no additional service charge.

Mumbai cyber police issues advisory on cyber crimes amid coronavirus lockdown

A study on trending cyber crimes shows fraudsters are taking advantage of the situation as many people are using online banking services to be updated with their banking activities.

SBI staff commits ₹100 crore for PM fund to fight Covid-19

The country’s largest lender in a statement said its around 2,56,000 employees have decided to contribute two days’ salary to the PM CARES Fund.

Yes Bank customers scramble for cash withdrawal at branches, most ATMs run dry

Customers are also facing trouble because net banking services are not working and some even complained that their credit cards are also not working.

Two-day strike: Banking services hit across Punjab

Banking services may be hit due to trade unions’ strike on Jan 8

Most of the lenders have already informed stock exchanges about the January 8 strike and its impact on banking services.

Lok Sabha elections 2019: In new poll campaign slogan, BJP to pitch for continuity and development

“The new slogan will underline that much work remains to be completed, and there should be a continuity in the government,” a BJP leader said.

2,500 Jan Dhan accounts credited with Rs 10,000 in UP

A massive rush of Jan Dhan account holders at the bank to withdraw money made officers suspicious and the bank quickly blocked transactions of these accounts.

10 lakh bank workers on strike nationwide today, services likely to be affected

The unions are claiming that the merger is not in the interest of banks or their customers and will in fact be detrimental to both.

Mamata Banerjee govt to use cooperative societies for shielding villagers from ponzi schemes

The step is significant in the run-up to the Lok Sabha elections since ponzi schemes such as Saradha, Rose Valley, I-Core, Chakra, Tower had vanished with thousands of crores of rupees of million of depositors.

PM launches India Post Payments Bank, offering doorstep banking for every citizen

IPPB services will be available at 650 branches and 3,250 access points from Saturday but will be quickly scaled to all 1.55 lakh post offices by December 2018.

PM Narendra Modi to launch Post Payments Bank for financial inclusion today

As a part of the initiative, around 3 lakh postmen will offer services and financial guidance to customers in places where banking facilities are not available. The postal department have a rural penetration of 1,30,000 post offices, almost 2.5 times higher than the number of banks in these areas.

India Post Payment Bank’s 73 branches to get operational in UP from tomorrow

India Post Payments Bank (IPPB), a subsidiary of India Post, will start 73 branches in Uttar Pradesh from September 1 when PM Narendra Modi launches the bank at the national level with 650 branches and 3,250 access points.

Bank strike hits ATM services, salary withdrawals

The United Forum of Banking Unions (UBFU) has claimed that the strike is “total success” as the employees have “enthusiastically participated in the strike in all banks and in all branches”.