RBI's Settlement System Restored Even as Employees Strike

Mumbai: Settlements systems for banks and markets were largely operational, the Reserve Bank of India said on Thursday, even after the majority of the 17,000 employees at the central bank went on strike.

The RBI said most employees had taken a "mass casual leave", resulting in "some interruptions" to clearing and settlement operations in early part of the day, but added the central bank had persuaded the unions into "largely restoring normalcy".

SBI to Soon Launch Wallet App 'Batua' for Feature Phone Users

Hyderabad: After launching a mobile wallet app, 'SBI Buddy', for smartphone users, State Bank of India will soon come out with a similar software tool for customers with feature phones, a top official said on Monday.

The soon-to-be launched mobile wallet app will be called 'Batua'.

"Buddy has already been rolled out which can be downloaded on smartphones. We are coming out with another version of Buddy, which has been named 'Batua' and will be for feature phone users," SBI Managing Director Rajnish Kumar told reporters here.