Bank Operations What is the process through which system of banking operates? Banking is based on the basic maxim of trust.  We have this faith in the banks that when we need our money deposited in the bank, bank would pay the same to us. We have faith in the bank that when the check that we have written in favor of an entity or an individual, when is presented before the bank, it would honor the... 

Reserve Bank of India Bank going by its definition in strict sense of terms is an entity on which you can have faith. This is precisely the maxim under which the banks operate. The functioning of the bank is derived from the trust that we bestow upon them as a custodian of our money. It is owing to this trust that we deposit our money with the banks for its safety. But what do the banks do with the... 

The entire scenario for shopping this holiday season is changing with new developments. On a Black Friday sale, people would stand in the freezing cold and queue up outside the stores at 4am in the morning to grab the door buster deals. But now things are changing. In a new development, the deals will be available from right now throughout the remainder of the holiday season online. You can monitor... 

If you’re an online shopaholic, make sure you have a personal identification number (PIN)/password for your credit or debit cards. Otherwise, forget about using them for internet shopping from August 1. A recent directive by the Reserve Bank of India makes it mandatory to have an additional authentication passcode verified by Visa or MSC (Mastercard Secure Code). This is in addition to the other... 

In their constant pursuit of recovering dues from credit card customers, banks are empowering themselves with a tool that allows them to ask employers to deduct the outstanding amount from the salary. Employees who may have defaulted on payment, however, cannot object to this deduction of dues at source, according to the new clause introduced in the ‘terms and conditions’ by the country’s... 

London, May 13 (ANI): Visa is testing a credit card with an in-built display for its efficacy in reducing online fraud. The Emue Card’s developers have revealed that it generates and displays a unique code each time it is used. They claim that it will make the commission of online fraud very difficult because any transaction would require the pin to generate the code. Presently, 500 employees of...