Foreign exchange is a legal business that needs to be governed like any other. However, some criminals use the lack of a centralized exchange and commit fraud on merchants. Such scams are...
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...
An official with the Asian Development Bank (ADB) has said that the bank will increase its partnerships with India and support the country's development priorities for inclusive growth.
Asian Development Bank (ADB) Vice-President...
The Dharwad District Consumer Grievance Redressal Forum fined a State Bank of India branch in Karnataka Rs. 85,177 after failing to recognize a Kannada numeral on a check.
Vadirajacharya Inamdar issued an SBI...
The Minister of Finance Nirmala Sitharaman stated on Thursday that in order to stabilize the inflation rate, the Reserve Bank must be better coordinated with fiscal policy.
Inflation management cannot be singularly left...
A record 75 basis point rate increase was announced on Thursday by the European Central Bank in an effort to tame runaway inflation, even as a recession now appears increasingly probable as...
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,...
Jammu and Kashmir Government had launched a new and innovative Market Linkage Scheme recently, known as PARVAZ. The scheme is for the development of agriculture and the benefit of farmers in Jammu...
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...
