Barclays, major global finance provider, has launched `Hello Money', a mobile based bank transaction service in the country.

By April 2009, the customers will be capable of withdrawing money from ATM without paying any charge.

The Reserve Bank of India has directed the commercial banks to let customers’ free use of Automated Teller Machines (ATMs) for all transactions from 1 April 2009.

According to an RBI announcement, the customers can also use ATMs of other banks for balance enquiries free of cost.

The RBI has also asked banks to put a limit on the fees charged for using ATMs of other banks to Rs 20 for each transaction from March 31, 2008, and eradicate the same from April 2009.

In the sub prime crisis, ICICI Bank has lost $264 million (Rs 1056 crore) till Jan 2008, because of its exposure to credit derivates and investments out of the country.

In a written reply to a query in Parliament, Pawan Kumar Bansal, Minister of state for finance stated that the country’s largest private banking institution had reported the market-to-market (MTM) loss following the sub prime mortgage crisis

The bank also cleared that the investment losses as a result of unfolding global subprime crisis could erase around 9% of this year’s profit.

Now Indian customers of Barclays bank can easily access banking services anytime, anywher

Kotak Mahindra Asset Management Company has entered into a distribution tie-up with banking major Oriental Bank of Commerce (OBC).

ICICI Bank, India's largest private sector bank, has once again taken giant step to boom in the banking sector.

The bank has opened its first branch in the United States at posh midtown New York with the view to provide services to US employees of large Indian companies like Infosys and Tata Consultancy Services there.

Mr. K V Kamath Managing Director and CEO of ICICI bank said, “New York has the deepest pool of capital, and by operating here, we will grow our business.”