ATM network new battle-zone for banks

The race for setting up shared ATM networks in the country is hotting up with the Reserve Bank of India now allowing the first independent private sector initiative led by Euronet with IDBI Bank as......

Tax net may get wider for credit card services

The Central Board of Excise and Customs is examining the possibility of making a case for charging service tax with retrospective effect from 2001 on "service charges" and "commissions" received by......

Will Dream Run For Banks Continue?

It won't be easy for the banking sector to better its performance every quarter, predicts Tamal Bandyopadhyay. Illustration: Dominic Xavier/Rediff.com   Earlier this month, a Business......

Credit card balances' growth at all-time low

As banks examine the viability of credit cards as a product and find ways to curb losses under this portfolio, the annual growth in credit card balances has fallen to an all-time low. According to......