Banks
- India
RBI directs banks to let remitters verify account name before RTGS, NEFT transfers
Mumbai: The Reserve Bank of India (RBI) on Monday directed all banks to put in place a facility to enable a remitter to verify the beneficiary bank account name before initiating a…
- Middle East
UAE banks to create 1,700 jobs by 2026
The United Arab Emirates (UAE) banking sector in the Al Ain region is expected to generate at least 1,700 employment opportunities through an innovative initiative launched by the Nafis Emirati Talent Competitiveness…
- Hyderabad
Axis Bank’s Begumpet branch in Hyderabad denies Rs 6.5 cr fraud allegations
Hyderabad: Following reports of alleged fraudulent activities at Axis Bank’s Begumpet branch in Hyderabad, the bank issued an official statement on Wednesday, December 11, dismissing the claims as “baseless.” The bank stated…
- Hyderabad
Rs 6.5 crore siphoned from OCI account in Hyderabad by bank officials
Axis Bank’s Begumpet branch in Hyderabad is under scrutiny after officials were accused of siphoning off Rs 6.5 crore from the premium account of Paritosh Upadhyay, an Overseas Citizen of India (OCI)…
- Hyderabad
Banks in Hyderabad to observe eight holidays in December
Hyderabad: Banks in Hyderabad are set to observe eight holidays in December 2024. However, ATMs and mobile banking will be available during these holidays. The Reserve Bank of India (RBI) is responsible…
- Hyderabad
Banks in Hyderabad to observe holiday today
Hyderabad: Banks across Hyderabad are observing a holiday today for the Diwali festival. However, essential services like ATMs and mobile banking will continue to operate, ensuring residents have uninterrupted access to key…
- World
IMF warns of geopolitical tensions
Washington: The International Monetary Fund (IMF) has maintained its global growth forecast in 2024 at 3.2 per cent, consistent with its projection in July, according to its newly released World Economic Outlook…
- Hyderabad
Banks in Hyderabad to observe eight holidays in October
Hyderabad: Banks in Hyderabad are set to observe eight holidays in October 2024. However, ATMs and mobile banking will be available during these holidays. These holidays include Sundays, second and fourth Saturdays.…
- Middle East
Saudi Arabia: Islamic Development Bank signs MoU with SFD
The Islamic Development Bank (IsDB) and the Saudi Fund for Development (SFD) signed a memorandum of understanding (MoU) to strengthen their cooperation. This initiative is part of the activities celebrating the 50th…
- Hyderabad
Banks in Hyderabad to observe nine holidays in August
Hyderabad: Banks in the city are set to observe nine holidays in August. However, ATMs and mobile banking will be available during these holidays. In August, banks throughout India, both public and…
- Hyderabad
Banks in Hyderabad to observe seven holidays in July
Hyderabad: The banks in Hyderabad are set to observe seven holidays in July 2024. One of these holidays is declared by the Reserve Bank of India (RBI) under the Negotiable Instruments Act.…
- Business
RBI to roll out AI-driven system to protect interests of bank customers
Mumbai: In order to protect the interests of customers of banks and NBFCs, the Reserve Bank plans to focus on embedding AI and other related tools in the complaint management system (CMS)…
- Middle East
UAE banks to help businesses, individuals hit by April 16 floods
In a significant development, banks in the United Arab Emirates (UAE) are gearing up to offer a ‘lifeline’ to those businesses and individuals who were affected by devastating floods that struck the…
- Hyderabad
Banks in Hyderabad to observe eight holidays in May
Hyderabad: The banks in Hyderabad are set to observe eight holidays in May 2024. Some of them are declared by the Reserve Bank of India (RBI) under the Negotiable Instruments Act. According…
- Business
Financial regulator finds ‘illegal’ stock short selling at 5 more global banks
Seoul: South Korea’s financial regulator said on Monday that it has found suspected cases of naked stock short selling at five more global investment banks (IBs), bringing the total to nine out…
