PSU banks waive ATM charges for customers during three-day bank strike
State-owned lenders will waive ATM charges beyond free transaction limits during the September 28-30 strike as they seek to minimise inconvenience to customers
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Subrata Panda
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Banks should deploy FCNR(B) funds in coming months: RBI DG Rohit Jain
RBI Deputy Governor Rohit Jain said banks have an opportunity to deploy FCNR(B) liquidity in the coming months, while maintaining healthy credit standards
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SBI expects new UPI merchant fee to cover costs and yield a small surplus
An SBI official says the UPI merchant discount rate could cover the bank's transaction costs and leave a small surplus, while merchants may split payments to avoid the fee
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Inflows through FCNR(B) deposits will take 3-4 mths to deploy: SBI chairman
CS Setty said banks would deploy the liquidity gradually, while also calling for lower upfront costs to enable large-scale adoption of agentic AI in Indian banking
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FCNR(B) inflows could lead to 'abnormal lending': Axis Bank MD & CEO
Axis Bank MD & CEO Amitabh Chaudhry cautioned banks over deploying excess liquidity, while flagging the possibility of an interest rate hike in the near future
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India's reform express will move forward at an even faster pace: PM Modi
India growing at 7.8% gives the world a new sense of confidence, he said
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Fintech a valuable partner in building financial system of future: RBI Guv
Governor Sanjay Malhotra says fintech has expanded financial inclusion, improved customer experience and enabled faster, more efficient credit delivery across India
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Risks facing UCBs no longer confined by size or geography: RBI DG
RBI Deputy Governor Swaminathan J says growing reliance on technology and third-party providers exposes smaller banks to cyber, digital fraud and operational risks
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