HDFC Bank

HDFC Bank bans clients from buying cryptocurrencies via its credit, debit cards

New Delhi : HDFC Bank has disallowed its customers from buying Bitcoins, cryptocurrencies and virtual currencies through the bank’s credit, debit and prepaid cards. In a circular to the HDFC Bank customers, it said: “You may be aware of the increasing global apprehensions regarding Bitcoins, cryptocurrencies and virtual currencies. The Reserve Bank of India has […]

RBI had cautioned banks multiple times on SWIFT misuse: Government

New Delhi : The RBI had issued two circulars in 2016 to banks on strengthening the Society for Worldwide Interbank Financial Telecommunication (SWIFT) system, the misuse of which was unveiled last month in the Rs 12,600 crore fraud on state-run Punjab National Bank (PNB), Parliament was informed on Tuesday. Apart from diamantaire Nirav Modi and […]

SBI slashes charges on minimum balance in accounts

New Delhi :  Country’s largest lender State Bank of India (SBI) has substantially reduced charges for non-maintenance of average monthly balance (AMB) in savings accounts, which would benefit 25 crore banks’ customers, an official statement said here on Tuesday. The revised charges would be effective from April 1, 2018. This step is taken keeping in […]

Over 1.03 cr taxpayers registered under GST: Minister

New Delhi :  Over one crore businesses have registered under the Goods and Services Tax (GST) regime, Parliament was informed on Friday. Minister of State for Finance Shiv Pratap Shukla said this in a written reply to a question in the Lok Sabha on whether the new indirect tax regime had helped in widening the […]