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Cashnet
Cashnet is an interbank network in India managed by Euronet Services India Pvt. Ltd. which is a subsidiary of Euronet Worldwide. Banks can join the Cashnet shared ATM network whereby each member banks’ cardholders can perform transactions at other member banks’ ATMs. Member banks will allow their customers to perform transactions at other member banks ATMs ("Issuing Bank") and allow other member banks’ cardholders to perform transactions at their ATMs ("Acquiring Bank"). All member banks are expected to be both Issuing Banks and Acquiring Banks. Euronet India provides the central switching and processing centre for the shared ATM network by establishing a host-to-host connection to each member bank, facilitating daily settlement between each participant and providing settlement reports. Switching and gateway services to international card organisations such as Visa, MasterCard, Amex and Diners Club will be provided. History The Reserve Bank of India (RBI) has granted ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Interbank Network
An interbank network, also known as an ATM consortium or ATM network, is a computer network that enables ATM cards issued by a financial institution that is a member of the network to be used to perform ATM transactions through ATMs that belong to another member of the network. However, the functions which may be performed at the network ATM vary. For example, special services, such as the purchase of mobile phone airtime, may be available to own-bank but not to network ATM cardholders. Furthermore, the network ATM owner may charge a fee for use of network cards (in addition to any fees imposed by the own-bank). Interbank networks enable ATM cardholders to have access to ATMs of other banks that are members of the network when their own bank's ATM is unavailable. This is especially convenient for travelers traveling abroad, where multinational interbank networks, like Plus or Cirrus, are widely available. Interbank networks also permit, through different means, the use of AT ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CashTree
CashTree is an interbank network founded in 2003 by five public sector banks, Syndicate Bank, Bank of India, Indian Bank, United Bank of India and Union Bank of India, for sharing their ATM networks. Dena Bank later joined the network. Members *Bank of India *Dena Bank *Indian Bank *Syndicate Bank *United Bank of India *Union Bank of India Competitors * Cashnet * MITR * BANCS Banks ATM Network and Customer Services (BANCS) is an interbank network in India. It was launched on 25 February 2004, with 13 member banks. It is managed by an advisory board consisting of member banks. It is successor to the now-defunct Swadhan ... References {{interbank networks Interbank networks in India ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MITR ATM Sharing Network
MITR was a multilateral interbank network sharing arrangement of 6 member Banks in India for automated teller machines (ATMs) that operated between 2003 and 2016. Punjab National Bank (PNB) acted as the settlement bank for the MITR Network History It came into existence on 8 October 2003 with five member banks, Punjab National Bank (PNB), Oriental Bank of Commerce (OBC), Indian Bank, Karur Vysya Bank and IndusInd Bank with UCO Bank joining later. ATM transaction switching technology was provided by Chennai-based Financial Software Solutions Ltd. The sharing arrangement formally ended in 2016 when each of the member banks joined the Indian National Financial Switch directly. Competitors * Cashnet * CashTree * BANCS Banks ATM Network and Customer Services (BANCS) is an interbank network in India. It was launched on 25 February 2004, with 13 member banks. It is managed by an advisory board consisting of member banks. It is successor to the now-defunct Swadhan ... References ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BANCS
Banks ATM Network and Customer Services (BANCS) is an interbank network in India. It was launched on 25 February 2004, with 13 member banks. It is managed by an advisory board consisting of member banks. It is successor to the now-defunct Swadhan ATM network. After the cyber attack by Wannacry several ATM were shut down in Kerala in May 2017 Member banks # Bank of Maharashtra # Bank of Bahrain and Kuwait Greater Bombay Co-op Bank# Centurion Bank # Central Bank of India # UTI Bank # Punjab & Sind Bank # IDBI Bank Ltd # RBL Bank SBI Commercial & International Bank# Cosmos Bank Air Corporation Employees Co-op Bank# Saraswat Bank Technology BANCS is supported by the India Switch Company (ISC), acquired by eFunds in 2005, which in turn, was acquired by Fidelity National Information Services. ISC supports BANCS through a mix of VSATs, ISDN, leased lines, CDMA and GPRS. The financial switches used in the system are provided by Oasis Technology Ltd., Mumbai. The software used is f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reserve Bank Of India
The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible for the control, issue and maintaining supply of the Indian rupee. It also manages the country's main payment systems and works to promote its economic development. Bharatiya Reserve Bank Note Mudran (BRBNM) is a specialised division of RBI through which it prints and mints Indian currency notes (INR) in two of its currency printing presses located in Nashik (Western India) and Dewas (Central India). RBI established the National Payments Corporation of India as one of its specialised division to regulate the payment and settlement systems in India. Deposit Insurance and Credit Guarantee Corporation was established by RBI as one of its specialised division for the purpose of providing insurance of deposits and guaranteeing of credit facilit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dhanalakshmi Bank
Dhanlaxmi Bank Ltd is an Indian private sector bank headquartered in Thrissur, Kerala. The bank has 245 branches and 258 ATMs/CDMs spread over the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Maharashtra, Gujarat, Delhi, West Bengal, Madhya Pradesh, Punjab, Uttar Pradesh, Rajasthan, Chandigarh, and Haryana. History Dhanlaxmi Bank Ltd was incorporated on 14 November 1927 as Dhanalakshmi Bank at Thrissur with a capital of and seven employees. It became a Scheduled Commercial Bank in the year 1977. Business overview • Dhanlaxmi Bank has recorded an annual operating profit of Rs.134.30 Crs and Net profit of Rs.35.90 Crs for the financial year ended 31st March 2022. • Total business of the Bank improved to Rs. 20847 Crs as on 31st March 2022 from Rs. 18834 Crs as on 31st March 2021, registering growth of 10.69%. • Deposits recorded a growth of 5.90 % to reach Rs.12403 Crs as on 31st March 2022 against Rs. 11712 Crs as on 31st March 2021. • CASA de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euronet Worldwide
Euronet Worldwide is an American provider of global electronic payment services with headquarters in Leawood, Kansas. It offers automated teller machines (ATM), point of sale (POS) services, credit card, credit/debit card services, Bureau de change, currency exchange and other electronic financial services and payments software. Among others, it provides the Prepayment for service, prepaid subsidiaries Transact, PaySpot, e-pay, Movilcarga, TeleRecarga and ATX. As of 2019, Euronet services 50,000 ATMs and 330,000 EFT point-of-sale terminals across 170 countries. History The company was founded in 1994 by brothers-in-law Dan Henry and Mike Brown and headquartered in Leawood, Kansas. In 1998, Euronet purchased ARKSYS, a computer software company that specialized in electronic payment and transaction delivery systems. On January 23, 2002, Euronet Worldwide announced the formation of a joint venture with Hong Kong-based First Mobile Group Holdings Limited. In April 2014, Walmart sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Automated Teller Machine
An automated teller machine (ATM) or cash machine (in British English) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff. ATMs are known by a variety of names, including automatic teller machine (ATM) in the United States (sometimes redundantly as "ATM machine"). In Canada, the term ''automated banking machine'' (ABM) is also used, although ATM is also very commonly used in Canada, with many Canadian organizations using ATM over ABM. In British English, the terms ''cashpoint'', ''cash machine'' and ''hole in the wall'' are most widely used. Other terms include ''any time money'', ''cashline'', ''tyme machine'', ''cash dispenser'', ''cash corner'', ''bankomat'', or ''bancomat''. ATMs that are not operated by a financial i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kotak Mahindra Bank
Kotak may refer to: *Kotak (band), an Indonesian rock band *Kotak (surname), surname and people who bear it *Kotak Mahindra Bank, an Indian financial service firm *Kotak Securities, subsidiary of Kotak Mahindra Bank *Kotak, Iran (other) *Qal'eh-ye Kotak (Kotak Castle), a village in Iran *Kotak Bozorg Bansulab-e Shirzad ( fa, بان سولاب شيرزاد, also Romanized as Bānsūlāb-e Shīrzād; also known as Bān Sūleh-ye Shīrzād and Kotak Bozorg) is a village in Qalkhani Rural District, Gahvareh District, Dalahu County, Kermanshah Prov ... (Greater Kotak), a village in Iran See also * Katak, Iran (other) {{disambiguation, geo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard Chartered Bank
Standard Chartered plc is a multinational bank with operations in consumer, corporate and institutional banking, and treasury services. Despite being headquartered in the United Kingdom, it does not conduct retail banking in the UK, and around 90% of its profits come from Asia, Africa, and the Middle East. Standard Chartered has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It has secondary listings on the Hong Kong Stock Exchange, the National Stock Exchange of India, and OTC Markets Group Pink. Its largest shareholder is the Government of Singapore-owned Temasek Holdings. The Financial Stability Board The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system. It was established after the G20 London summit in April 2009 as a successor to the Financial Stability Forum ... considers it a Systemically important financial institution, systemically importan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ING Vysya Bank
ING Vysya Bank was a privately owned Indian multinational bank based in Bangalore, with retail, wholesale, and private banking platforms formed from the 2002 purchase of an equity stake in Vysya Bank by the Dutch ING Group. This merger marked the first between an Indian bank and a foreign bank. Prior to this transaction, Vysya Bank had a seven-year-old strategic alliance and shareholding arrangement with erstwhile Belgian bank Banque Bruxelles Lambert, which was also acquired by ING Group in 1998. As of March 2013, ING Vysya was the seventh largest private sector bank in India with assets totalling and operating a pan-India network of over 1,000 outlets, including 527 branches, which serviced over two million customers. ING Group, the highest-ranking institutional shareholder, held a 44% equity stake in ING Vysya Bank, followed by Aberdeen Asset Management, private equity firm ChrysCapital, Morgan Stanley, and Citigroup, respectively. ING Vysya Bank was ranked among top five ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HSBC
HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA), respectively. HSBC traces its origin to a hong in British Hong Kong, and its present form was established in London by the Hongkong and Shanghai Banking Corporation to act as a new group holding company in 1991; its name derives from that company's initials. The Hongkong and Shanghai Banking Corporation opened branches in Shanghai in 1865 and was first formally incorporated in 1866. HSBC has offices in 64 countries and territories across Africa, Asia, Oceania, Europe, North America, and South America, serving around 40 million customers. As of 2022, it was ranked no. 38 in the world in the Forbes rankings of large companies ranked by sales, profits ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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