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...
Money depreciation indicates the economic degrowth of the country. In simple words, the value of the India Rupee has fallen by a certain percentage compared to the US dollar. It is a...
Government of India launched Jansamarth Portal, the first digital portal in India which links all types of lending schemes sponsored by Government Of India in one portal. Here, anyone can apply for...
