India’s largest public sector bank, the State Bank of India (SBI) has introduced a one-time password (OTP) based cash withdrawal system to protect its users from the ATM-related frauds. This new system is applicable from January 1, 2020, across all SBI ATMs from 8 PM to 8 AM in India. However, this facility will be available only on the transactions above than Rs. 10,000.
Like every time, people are curious to know, when will the banks remain closed on public holidays in the first month of the New Year 2020. In India, banks will remain shut for 10 days, according to RBI.
An Ahmedabad-based company's assets worth over Rs 56 crore have been attached in connection with a bank fraud and money laundering case, the Enforcement Directorate (ED) said on Saturday.
Depositors of the scam-hit Punjab and Maharashtra Cooperative (PMC) Bank held a protest outside the Reserve Bank of India (RBI) headquarters in south Mumbai on Saturday.
To cover up the loss of his clients', Kale tried to make money through unauthorised stock and foreign exchange transactions using his clients' accounts, she added.
Ten central trade unions -- INTUC, AITUC, HMS, CITU, AIUTUC, AICCTU, UTUC, TUCC, LPF and SEWA -- have also called for a nationwide general strike on January 8-9, 2019.