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Technological forces are not just changing the traditional business of finance but also posing challenges to the traditional centres of finance. RBI’s recent decision to open its Innovation Hub (RBIH) in Bengaluru marks a first step towards positioning the city as a financial centre of the future. In 2017, an RBI working group on finTech […]

Wave off and Write off are generally confused to be one. But in reality , there is lots of difference between both. Banks are meant for our help. Loans they provide act as a crucial part of our day to day tasks. Home loans, vehicle loans , education loans and many more type of loans

The much-awaited initial public offering (IPO) of SBI Cards and Payment Services Ltd, the credit card unit of India’s largest lender State Bank of India (SBI), is set to open for subscription next week on 2 March. The price band of the Rs 9,000-crore IPO has been set at Rs 750-755 per equity share, while

Banks will remain closed for 13 days, out of the total 31 days in March 2020, on account of national holidays, weekly offs and regional holidays. As the major festival in March 2020 is Holi on 10th March, banks in most parts of India will be closed to observe it and some banks will remain

The third quarter GDP numbers will be released today at 5.30 pm. Expectations of a recovery abound even as estimates show that the economy may not have bottomed out in the second quarter and that sluggishness may have persisted well into the third quarter. A few forecasts, however, predict that growth will pick up marginally

The Reserve Bank of India (RBI) is concerned about the fallout of the Supreme Court order on telecom dues and is watching developments in the industry closely, a senior official aware of the matter said. The central bank is worried that further tariff hikes, as sought by telecom operators, could be inflationary, a concern it

The Reserve Bank of India has ordered banks to link all their new floating rate loans to medium enterprises with an external benchmark. The apex bank’s circular in this regard stated that the direction will be effective from April 1, 2020. The new floating rate loans to small and micro enterprises are already linked with

Finance minister Nirmala Sitharaman on Wednesday rapped state-run banks for lacking consumer connect and said often executives at the branch level could not communicate in the local language or provide details of government schemes. The minister’s outbursts at an event to unveil the next phase of PSB reform plan, EASE 3.0, were triggered by customer