Banking Sector

Country's first bio-metric ATM in Bangalore

Bangalore, Sept. 22 : Canara Bank has added another feather to its cap by taking technology beyond the periphery of the literate world.

The bank recently launched the country's first bio-metric Automated Teller Machines (ATM) at Devanahally near here which uses the fingerprint instead of PIN number.

The ATM was inaugurated by Reserve Bank of India (RBI), Deputy Governor Usha Thorat in the presence of Regional Director for Karnataka RBI, Devaki Muthukrishnan and Chairman and MD of Canara Bank, M B N Rao.

Canara Bank Introduces Mobile Biometric ATM For Rural Customers

Bangalore: Canara Bank has introduced a voice-enabled biometric ATM for the rural segment to have access to banking facilities.

Credit Crunch Hits Morgan Stanley’s Quarterly Earnings

India’s Central Bank May Not Follow Fed Way Soon

Mumbai: The Reserve Bank of India (RBI) will not go after the US Federal Reserve Board, and may not slash interest rates in a little while.

Market analysts said that the central bank that has been following a compressed money strategy will possibly not play with key policy rates in the coming time.

US, UK Agree On Need Of More Financial Authority - Alistair Darling

London: Before meeting with the U.S.

IDBI Slashes Fixed Home Loan Rates

Mumbai: IDBI Ltd has slashed the rates of interest on fixed home loans by around 100 basis points that will be effective from September 1.

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