Page 7 - Banking Finance August 2017

BANK UPDATE

BANKING

NEWS
NEWS
NEWS
NEWS
NEWS

Post demonetisation, UIDAI to banks: Open Aadhaar centres

card transactions rose Both Private and Public sector banks has been asked by the UIDAI to set up
Aadhaar enrolment facility in at least one out of 10
up by 7% branches in the near future. At present, there are 25,000
Transactions through debit and credit active enrolment centres across the country but they op-
cards in- erate from their own premises and none of them is be-
creased by ing operated from bank premises.
7% after
note-ban, as Bill on banking regulation to get central nudge
against a Ministry of Finance is all set to come up with a list of
surge of over 23% in overall digital Bills, including the Banking Regulation (Amendment)
transactions, top government officials Bill, repeal of State Bank of India (Subsidiary Banks) Act,
told a parliamentary panel. Many of- 1959, among others, in the monsoon session. It is also
ficials from various ministeries pre- working on the Banning of Unregulated Deposit
sented their observations to the par- Schemes and Protection of Depositors Interests Bill.
liamentary standing committee. The
digital transactions in all modes in- SBI to use digital space and analytics for retail
creased by 23% to 27.5 million in May products
2017 from 22.4 million in November
2016. The highest jump was wit- "In the digital space, the SBI will now put more retail
products. Adoption in the digital space will be quicker,
nessed in transactions through unified
payments interface, from one million as opposed to conventional transactional banking,"
per day in November 2016 to 30 mil- said SBI Chairman Arundhati Bhattacharya. SBI plans
lion in May 2017. to mix and use the digital space and analytics and put
in more retail products for sale.
IMPS charges waived off
Differences between NPA estimates of IDBI
upto Rs. 1,000
IDBI Bank Ltd reported about the diversity between its own gross bad loan
In order to promote small transac- estimates and those made by the Reserve Bank of In-
tions, the State Bank of India had dia (RBI) was Rs6,816.60 crore at the end of 2015-16.
waived IMPS charges up to Rs. The bank reported gross NPAs of Rs24, 875.07 crore
1,000.Currently, Rs. 5 plus taxes as on 31 March 2016, against Rs31, 691.67 crore as-
were charged for fund transfer of up sessed by the RBI. Resultantly, the provisions had a dif-
to Rs. 1,000. ference of Rs2, 061.00 crore for 2015-16.

BANKING FINANCE | AUGUST | 2017 | 7

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