The Reserve Bank will come out with monetary policy review, the first after demonetisation of old Rs 500/1000 notes, on Wednesday amid expectations of interest rate cut.
In a major crackdown on bank employees involved in irregularities post demonetisation, as many as 27 senior officials of various public sector banks have been suspended and six others transfered to check corrupt practices.
Those who made profits included SBI at Rs 9,951 crore; State Bank of Hyderabad Rs 1,065 crore; State Bank of Bikaner & Jaipur Rs 851 crore and Andhra Bank Rs 540 crore.
Within four days till November 29, total 3,87,037 bank accounts were opened by holding 15,134 camps across the country.
The Reserve Bank of India (RBI) is expected to cut interest rates next week and economists are set to chop growth and inflation forecasts after Prime Minister Narendra Modi's currency crackdown rattled the economy and severely hurt consumption, a Reuters poll showed.
Under the usage option, the debit card can be controlled for International and domestic usage as per the usage requirements.
For the one month period, the interest rate has been set at 9.15 per cent.
Nearly 90 per cent of the 2 lakh ATMs deployed across the country have been re-calibrated to dispense the new 500 and 2,000 rupee notes.
The inability of banks to lend to infrastructure and over-leveraged metals, textiles and engineering sectors has led to growth stagnation, the study said.
The bank said it is the first bank to launch the APBS on its platform and the intent is to meet the government's target on digital banking.
The amalgamation of BMBL with SBI has been approved, Competition Commission of India (CCI) website showed.
Indian Centre for Islamic Finance said if the RBI proposal becomes a reality, huge investments from countries like the UAE, Qatar and Bahrain will flow into India.
More than 60,000 retailers across India depend on Pine Labs to securely and reliably manage their Payment Acceptance.
The bank said the said equity shares to be issued to LIC will be subject to lock-in requirements and shall be entitled to dividend declared.
Despite recalibration of nearly 70 per cent of ATMs do not have cash.
Public banks have seen nearly Rs 80,000 crore increase in gross non-performing assets (NPAs) in the three months ended September 2016.
ICICI Bank said it is the largest village promotion programme in the country that will facilitate digital transactions in villages.
It said the stable outlook reflects its expectation that the bank will maintain its financial profile over the next 24 months.