Despite the rise in digital transactions, CIC has increased by over Rs three lakh crore in the last one year from Rs 18.29 lakh crore in March 2018, according to the latest data available from the Reserve Bank of India (RBI).
Nirav Modi's arrest seen as a milestone in India's efforts to deal with those attempting to dupe the banking industryAn increasing number of bank frauds has led to bankers becoming very cautious in making lending decisions
The KTM 125 Duke becomes the best selling KTM model in the Indian market. Reports have revealed that 3,014 units of the KTM 125 Duke were sold in February 2019. This figure makes it the best-selling KTM India motorcycle yet. This
While there has been a steady increase in debit card issuance over the last 10 months of the fiscal year, the same is not in sync with ATM machine expansion, i.e. the number of ATMs have infact come down heavily, resulting
These days it's common for credit cards to offer benefits like monetary rewards on grocery purchases, online shopping, movie ticket booking, etc.But there are also a few credit cards which are unique in themselves. While there is a credit card meant exclusively for doctors, there also exists a card
ATMs set up, owned and operated by non-banks are called white label ATMs and are authorized under the Payment and Settlement Systems Act, 2007, by the RBIUsing these ATMs is similar to using an ATM of a bank other than the bank where you have your account. So as long as you are within your free ATM transaction
Lenders are using non-financial data to make credit decisionsLenders are using the fintech model to expand their business using alternative data and arrive at a credit decision
The Reserve Bank of India has slashed interest rates already this year and we are looking at the possibility of another interest rate cut in April. As interest rates fall, here are a few ways in which you can improve your returns from FDs.
Banking indices on the BSE and the National Stock Exchange (NSE) hit their respective 52-week highs during Tuesday's intraday trade. This happened amid strong retail loan growth while private banks continue to see improving profitability on account of lower slippages.
The credit growth of private banks in the third quarter of the current fiscal was at 22% year-on-year (y-o-y), which remained over 20% for the fifth consecutive quarter. However, the credit growth of the public sector banks remained subdued at 8.4% y-o-y, showed RBI data.
Digital is the core of everything that we want to do within the bank. We were the first international bank to join UPI and launch it in November 2016.
In its last hearing, the NCLAT said RBI was making “it a prestige issue”. As a regulator, it is RBI’s job to ensure the banking system is safe; if it is not, crores of households are in danger of losing their life’s savings if they are deposited in banks.
With the March 31 deadline approaching fast, it's time to take the final decision on where and how much to invest to maximise returns along with saving taxes.
ATM transaction without an ATM card- sounds unreal, right?Well, turns out that State Bank of India (SBI) has come up with a similar plan.The largest bank in the country now allows its customers to withdraw cash from its ATMs without their cards.The service is being offered through its Internet banking
Investors rely on FDs safe and low-risk nature, similar to other bank fixed deposits as any redemption on maturity from tax-saving FDs comes directly to the account holder's bank account.
In investing or retirement planning, time is your greatest asset. After retirement, you would want to maintain your current standard of living and live life stress-free. To build a corpus large enough, you would have had to start saving for retirement as of yesterday.
The Sensex is just a couple of per centage points away from record highs. The markets this time round have largely been driven by the heavy weightage banking stocks. In fact, investors are moving away from and making a shift from auto and IT to banking stocks.
Financial independence is that feather in thecap we strive to achieve. We work hard and make choices to achieve financialsecurity and live life on our terms. Until recently, people would invest ingold and real estate as they were considered safe investments. Today, they arenot as appealing and do not
The rupee fell 19 paise to 69.15 against the US dollar in early trade Wednesday after crude price rose to a four-month high in global market amid increased demand for the American currency from importers.
The amount of gross NPAs in Gujarat at the end of December 2018 stood at Rs 38,520 crore which was 6.59 per cent of the gross advances made by the banks.