You could soon be able to change your bank without changing account number

June 1, 2017

New Delhi, Jun 1: RBI deputy governor S S Mundra has batted for introduction of bank account number portability using Aadhaar and various platforms of NPCI (National Payments Corporation of India).bankac

"In the last two years, the Aadhaar enrolment has happened, platforms have been created by NPCI, many apps to do banking transaction like IMPS have been introduced. With all these, account number portability is a very much in the realm of possibility," Mundra said.

He said once account number portability becomes a reality, banks will see silent customer moving away from them without even talking to them.

Mundra was speaking at an event organised by the Banking Codes and Standards Board of India (BCSBI) in Mumbai.

Some banks are using charges on maintaining minimum average balance in accounts and offering other facilities as an excuse to deny or deter a few customers from availing some of their services, RBI deputy governor S S Mundra said.

"While banks have been granted autonomy in fixing minimum average balance or charging for premier services, it should not be used as an excuse to deny or drive away services to the common man. This is what we are at tend to observe in some of the institutions...it is moving in that direction," Mundra said.

Most of the banks have introduced charges on non- maintenance of minimum balance in accounts and for using banking-related facilities.

He said there is no harm in banks charging customers to offer select services but norms should not be designed to keep some customers away.

"If a bank is offering premier services, I dont see anything wrong for them to charge for that but it should be reasonable and not usurious, and it should not be designed to keep some customers away," Mundra said.

The deputy governor said the RBIs concern is limited to ensuring availability of banking services to all customers and it is not looking into amount banks are levying on customers to offer these facilities.

The deputy governor said the RBI is soon going to prescribe the minimum narration for bank statement or pass book which would be easier for customers to understand.

Mundra said a lot of banks are not adhering to the code of conduct designed by BCSBI.

BCSBI is an independent body set up by the RBI, Indian Banks Association (IBA) and scheduled commercial banks with the specific objective of ensuring that customers get fair treatment.

"Our analysis has shown that the per cent of complaints of non-adherence of BCSBI code over a six year period - 2010-11 to 2015-16 has shown an increase and the increase is not a marginal increase," he said.

Taking about the banking ombudsman scheme, he said for the first time since its inception in 1995, the number of complaints exceeded 1 lakh last year (July 2015 to June 2016), and during this year, up to May, it has already crossed 1 lakh complaints mark.

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News Network
February 10,2020

Bengaluru, Feb 10: Former Karnataka chief minister HD Kumaraswamy's son Nikhil Kumaraswamy today got engaged to Revathi, the grand-niece of Congress leader and realtor M Krishnappa.

On February 6, Mr Nikhil shared a picture with Ms Revathi on his official Facebook account.

Mr Nikhil's grandfather and former prime minister of India HD Deve Gowda attended the event along with several other politicians at the Taj West End.

BJP leaders including Chief Minister B S Yediyurappa former chief minister Jagadish Shetter were also present.

Mr Nikhil, 30, is a Kannada film actor who made his debut in the bilingual movie Jaguar in 2016. The actor will soon start shooting for his new movie Production No-1.

In the 2019 Lok Sabha elections, he lost to Sumalatha Ambareesh, widow of former Karnataka actor Ambareesh, in the Mandya constituency in Karnataka.

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News Network
March 24,2020

Bengaluru, Mar 24: Karnataka Chief Minister B S Yediyurappa, who had earlier announced that Indira canteen will supply free meals to the poor and BPL card holders, on Tuesday announced that Indira Canteens will be remain closed as there is fear of spread of the coronavirus as people assemble in large number.

On Monday, he had announced that Indira Canteens would provide food free of cost for the benefit of daily wage workers and poor people in the wake of a complete lockdown.

Asked about the alternative the government would provide, he said, "Closure of canteens is needed to avoid the rush near the canteen as it may lead to problems.

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News Network
January 15,2020

Mangaluru, Jan 15: A 28-year-old man, who is a first-year MBBS dropout, was arrested by the police after he posed as a doctor and treated patients at a private hospital at Derlakatte on the outskirts of the city.

The arrested has been identified as Mohammed Habib Hussain, a native of Shivamogga, who was residing in Attavar, Mangaluru. He had discontinued studies after the first year due to personal reasons.

The incident took place on Sunday night  at Yenepoya Medical College, Derlakatte. Dr Sampathila Padmanabha, medical superintendent, Yenepoya Medical College, said the accused had come to the medical college at midnight on December 29.

After speaking to the security guard at the hospital entrance, he introduced himself as an assistant to the consulting urologist, and wanted to visit patients at the private ward situated at floor number 7.

After entering, he called the duty nurse to get case sheets. Later, he examined two women patients in the presence of the duty nurse, and also wrote a prescription on the patient case sheet. He also yelled at a nurse, saying that she isn’t doing her duty properly, and left the place.

However, the nurse who grew suspicious, informed the management, after the accused had left the place. The management, who crosschecked about the accused, found out that he is not a doctor, and that he is also not associated with the hospital.

The management sent an advisory to all employees to produce their identity cards, whenever they enter any wards, especially at night, and also to keep an eye on anyone suspicious. The same message was passed on to other hospitals in the vicinity.

The accused again showed up at the hospital on Sunday night. As security guards were told about strangers visiting the hospital in the guise of doctors, he was allowed to enter the hospital premises, so that he can be apprehended. He later went to the reception counter and queried about the consultant urologist. When he noticed that the staff had an idea about what was happening, he tried to flee from the spot. He was later caught by a security guard, and the police were informed. He was arrested by Ullal police station personnel.

Dr Padmanabha added that he used to roam around with his friend in a car. He was also involved in a similar incident at a private hospital in Kankanady, and the same has been informed to the police. He visited hospitals in a car, which has been seized by police.

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