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Rs.500 Crores allocated to India Post Payments Bank

Indian Government has escalated its pace on setting up over 650 branches of IPPB all around the nation within next 5-6 months, typically by September 2017. India Post will establish its payments...

RBI Monetary Policy Announced! No Change in Repo Rate, Again!

Today, 08 Feburary 2017, RBI governor Mr. Urjit Patel released 6th Bimonthly Monetary Policy of the Reserve Bank of India. The economists were expecting a 25 basis point rate cut in this...

State Bank Of India Looking for Probationary Officers 2017

State Bank of India (SBI) invited applications for eligible Indian Citizens for 2313 posts of Probationary Officers (PO). Candidates selected are liable to be posted anywhere in India. Vacancies of Probationary Officer (PO) For...

Online Scam worth Rs.3700 Crore by Socialtrade.biz

The Special Task Force of Uttar Pradesh has red handed caught the online fraud company "socialtrade.biz" which was operated by its director Anubhav Mittal and his two companions - Shridhar Prasad and...

Summary of Union Budget 2017-18

On 01 February 2017, the Finance Minister of India, Mr. Arun Jaitley presented the Union budget for the fiscal year 2017/18. This was a historic budget as it was merged with the...

RBI slashes MDR charges, offers lucky draw

In order to boost the digital payments among merchants and commoners, RBI has come up with two unique solutions. At first they cut MDR charges to encourage merchants to adopt card swipe...

6 Best Ways to do Cashless Transactions – Safely

After demonetization in India, there has been a huge cash crunch noticed due to less availability of Rs.2000 and Rs.500 notes in the market. To cope up with this issue, government is...

How to transfer money using UPI?

Before discontinuing his services, the former RBI governor, Mr. Raghuram Rajan had given the citizens of India -  a parting gift which converts our Smartphones into a Bank using UPI (Unified Payment...

RBI stunned all economists, keeps Repo Rate Unchanged

Today, 07 December 2016, Reserve Bank of India in its fifth bimonthly policy review surprised all the economists and analysts by keeping the repo rate unchanged at 6.25%. However the RBI has...

Decoding RBI monetary policy to be announced on 07 December 2016

Three days after demonetization on 08 November 2016, RBI had come with a measure to suck out liquidity from banks. There had been a deluge of deposits in banking system which is...