In partnership with National E-Governance Services Limited (NeSL), HDFC Bank, India's largest private sector bank, issued the country's first Electronic Bank Guarantee (e-BG). Using the new electronic bank guarantees, the paper-based, time-consuming process...

The RBI has constructed a composite Digital Payments Index (DPI) with March 2018 as the base period to capture the extent of digitization of payments across the country. RBI-DPI will be published...

Recently, the RBI came out with Financial Inclusion Index (FI-Index) to capture the extent of financial inclusion across the country. The FI-Index is a comprehensive index that incorporates details of the banking,...

SBI launched Utsav Deposit Scheme in 2009, during the Diwali festival, in collaboration with UTI (Unit Trust of India). This Scheme was meant to attract retail investors and allow them to invest...

National Credit Guarantee Trustee Company Limited (NCGTC) is a private company under the Companies Act 1956. The Department of Financial Services established it. It is a company that the Government of India...

The India Post Payment Bank was launched on September 1, 2018, by PM Narendra Modi. It is a bank that aims at making banking services available at people’s doorstep. Indian Post Payment...

Forex is an abbreviation for Foreign Exchange. It is the transaction of exchanging one currency for another. It can be performed for a variety of reasons, including commercial, tourism, and to enable...

In a bid to tackle chronic hyperinflation, Zimbabwe has launched new gold coins which will have "liquid asset status". This means they can be converted to cash, traded locally and internationally, and...

A floater fund is a fund which invests in financial instruments with a debt orientation, they provide you with a variable or ‘floating interest rate’ and thus, the name. Investors prefer debt...

The rupee falling in India can seriously impact the economy and the common person. It is a calling for several financial disturbances for the country as well as the common person. The following...