India is a country with very minimal or weak financial penetration. 70% of the Indian population resides in towns and villages. Due to a lack of literacy and awareness, most people have...
A stock market crash is a severe and sudden drop in overall stock prices usually caused within a day. The market crashes are natural or can be man-made disasters, economic reasons, investor...
A letter was addressed to IBA by 4 workmen Unions viz. AIBEA, NCBE, NOBW and INBEF, with the introduction of 5 Banking Days per week.
"it is indicated that for the purpose of...
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...
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...
