HDFC Bank launched MobileBank Accounts with Vodafone m-paisa

According to HDFC Bank, the transactions include cash deposit, cash withdrawal, money transfer and balance enquiry

HDFC Bank has launched MobileBank Accounts in association with Vodafone m-paisa. “Through this arrangement, customers can now perform basic banking transactions on mobile phones and even deposit and withdraw cash at appointed Vodafone m-paisa outlets, without having to go to bank branches,” HDFC Bank said in a statement.

In Rajasthan, which is the first state where the partnership has been implemented, over 2,200 retailers across 320 villages and 54 towns are already operational in opening HDFC Bank MobileBank Accounts with Vodafone m-paisa. The transactions include cash deposit, cash withdrawal, money transfer and balance enquiry, the statement added.

Rahul Bhagat, country head–retail liabilities, marketing & direct banking channels, HDFC Bank, said there are 600,000 habitations in the country but only about 89,000 bank branches are making access to banking services difficult in remote areas.

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2G case: Delhi High Court grants bail to Kanimozhi and four others

DMK MP Kanimozhi, Karim Morani, Rajeev Aggarwal, Sharad Kumar and Asif Balwa got bail in 2G spectrum case

The Delhi High Court on Monday granted bail to Dravida Munnettra Kazhagam's (DMK) member of parliament (MP) Kanimozhi, Kalaignar TV's managing director Sharad Kumar, Asif Balwa, Kareem Morani and Rajeev Aggarwal in the 2G spectrum case.

The High Court, however, reserved its order on the bail plea of sixth accused and former telecom secretary Siddharth Behura, saying that the judgement would be annouced later as CBI has apposed to the bail plea. "You (Behura) file your written submissions to the contentions of the CBI," Justice VK Shali told Mr Behura's counsel, senior advocate Aman Lekhi. 

The Court has asked Kanimozhi and four others to furnish two bond sureties of Rs5 lakh each.

Earlier, during the day, Additonal Solicitor General (ASG) Mohan Parasaran said the probe agency was not opposed to grant of bail to the five persons except Mr Behura and they can be released on the ground of parity as the Supreme Court has already given the same benefit to five other co-accused in the case.

The ASG, however, opposed Mr Behura's bail plea saying the bail pleas of public servants require stricter scrutiny as they are the trustees of public property. 

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