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The RBI bank holiday calendar will be followed by all public and private sector banks, including SBI, PNB, BOI, HDFC, ICICI, Axis Bank and others. Check out the full list of bank holidays this week: I. March 30: The banks will observe a holiday due to Mahavir Jayanti in Karnataka. II. March 31: Banks in Ahmedabad, Maharashtra, Madhya Pradesh, Tamil Nadu, Rajasthan, Uttar Pradesh, West Bengal, New Delhi, Bihar, and Jharkhand will observe a holiday due to Mahavir Janmakalyanak/Mahavir Jayanti. ...Read More >
Bangalore : Axis Bank, one of the largest private sector banks in India, today announced the launch of the Registered Mobile Number update journey via Aadhaar Face Authentication on its Mobile Banking app. With this introduction, Axis Bank becomes the first among India's leading banks to implement UIDAI's Aadhaar Face Authentication service as a Do It Yourself (DIY) digital journey for updating registered mobile numbers. This newly launched solution allows customers to update their registered m ...Read More >
Mumbai: Top private sector banks and telecom companies are replacing one-time passwords (OTPs) and are jointly developing a 'silent authentication mechanism'-a background check that verifies whether the mobile number linked to a banking app matches the SIM currently active on the device. If a discrepancy is detected, the transaction can be flagged or blocked in real time without any action required from the customer. The technology will also be extended to eSIM environments. This additional lay ...Read More >
Ahmedabad: When a 50-year-old accountant from Nikol received a WhatsApp message from his employer containing 'RTO E-challan.apk' file, he thought it was an official message regarding a traffic memo and installed the file. The moment he entered his name and mobile number, he received a message about money being debited from his account. He immediately deleted the app, but it was already too late. Within 24 hours, he lost Rs 10.7 lakh to cybercriminals. The victim told Cybercrime police that he fr ...Read More >
State Bank of India (SBI) plans to double the users of its YONO digital to 20 crores as it seeks to transit more and more transactions at one tenth of branch banking costs, chairman CS Setty said. India's largest bank also plans to put 10,000 people on the ground to guide people to transition to the digital banking application as it pushes towards a uniform application on the mobile, web and branch banking. "We currently have about 9.60 crore customers using the YONO app and our ambition is to ...Read More >
MUMBAI: State Bank of India plans to double its mobile banking customer base to 20 crore over the next two years from the current 9.4 crore with the launch of Yono 2.0, chairman C S Setty said on Tuesday. To help customers transition to the new digital platform, the bank will expand its in-branch digital support network to 10,000 floor managers across the country by March."This is not simply a mobile application," Setty said at the press conference. "We have rewritten the entire internet banking ...Read More >
Setty said the lender needs to get the 'collections piece right' on the small value loans before rolling out other products on the UPI State Bank of India's (SBI's) chairman CS Setty on October 8 said that the lender is working on the simplification of Know Your Customer (KYC) and re-KYC and will engage with the regulators and the government. "We are working on that, the simplification of KYC processes. Even if it means that we need to engage with the regulators and the government, we are taki ...Read More >
Banks across Assam will be observing a holiday on Monday - August 25 - due to the Tirubhav Tithi of Srimanta Sankardeva in the state. The Tirubhav Tithi of Srimanta Sankardeva commemorates the death of Srimanta Sankardev, who was a renowned saint, scholar, and cultural icon in the state. He was also a polymath, poet, playwright, dancer, actor, musician, artist, social-religious reformer, and key figure of the Bhakti movement in Assam. According to Reserve Bank of India, this festival fall unde ...Read More >
New Delhi: If you're planning a bank visit this weekend, here's something you should know: Saturday, July 12, 2025, falls on the second Saturday of the month. All banks across India will remain closed on the second and fourth Saturdays, as per the Reserve Bank of India (RBI) holiday calendar. So, if you have any important banking tasks it's best to get them done before the weekend. Since it's the second Saturday of the month, all banks across India will remain closed as per the RBI's holiday sc ...Read More >
By Tashwinder Singh, CEO and MD, Niyogin Fintech Limited The world of finance has been transformed by fintechs to dramatically change the interaction of a consumer with a financial service. Mobile banking, app stores, and AI investment brokerage have all done their magic on consumer financial access, charge, and personalised services. With technology advancing product innovations, all these are consolidated with a personal touch, and this has thereby brought the concept of hybrid ways for finte ...Read More >
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