Finance

There have been over 50,000 bank fraud cases hitting the Indian banks in the last 11 fiscal years. Right from big PSBs to small ones, private banks even international banks with their branches in India, these financial institutions…

Amidst the heat of Public Sector bank (PSB) consolidations going on, the new government is looking forward to another such consolidation. We have kept you updated of all such news on bank amalgamations and the future predictions…

Under the second tenure of Modi government, reforms have been introduced to curb tax evasion using data analytics. This is the first time since the launch of GST on July 1, 2017 that the Centre has started to match income tax returns…

There has been a lot of unrest and a state of confusion enveloping the ongoing debate on using Aadhar card for Know Your Customer (KYC) process verifications. Finally, a temporary relief can be pertained by the online payment…

We recently brought you news about the first Public Sector Bank (PSB) consolidation of Vijaya Bank and Dena Bank with Bank of Baroda, effective on April 1, 2019, anticipating that there will allegedly be more mergers this year.…

With the commotion going on in financial sector regarding the step-up of digitization and reduction in carrying actual cash, the Reserve Bank of India has released its statement on the Vision document for the 'Payment and Settlement…

Punjab National Bank can be merged with smaller banks With 144,952 branches of 159 scheduled commercial banks catering to the needs of about 1.3 billion people, the Indian banking system is one of the largest in the world. With the…

After Bharti Airtel launched its payments bank in January, Idea cellular has set itself a June threshold to launch payments bank operations. Interestingly, Vodafone was rumoured to go live with their payments bank in March 2017,…

You would be surprised to know that India is the only country in the world which follows the Maximum Retail Price (MRP) system for selling consumer goods. As per Legal Metrology Act, every packaged product in India is labelled with…

Over the past 5 years, the mutual fund industry has traversed many milestones to become a vital cog in the investor’s portfolio mix. There have been game changers introduced that have completely revolutionised the mutual fund realm. Gone…

Banks have decided to reward those customers whose credit score is good and who pay their installments on time. For the very first time in India, home loan interest rates (which determine your EMI) will be directly linked with the…

Finally, Government of India had to issue a press release issuing directives for service charge, which is currently being forcefully charged by restaurant owners. In a press release published by Press Information Bureau, Govt. has…

For small traders and businesses looking for ways to save taxes, this is the golden time indeed. India’s Finance Minister, Arun Jaitley has explained two ways using which small traders can save upto 46% tax. Traditionally, these…

In the excitement and urgency to go cashless, are we missing something? For instance, safety standards and guidelines, especially when it comes to petrol pumps? It seems we have, as a unique mis-match of safety precautions and…

Way back in 2014, we had said that Uber is disrupting $9 billion Indian taxi market, and existing players such as Meru, Easycabs should be concerned. Within three years of their launch in India, Uber has officially beaten their three…

Online payments in India is growing at a very fast pace. Every day new Internet users are opting for e-commerce, choosing to pay their bills online, book cabs using apps and more. The trend of digital payments is catching on with the…

Over last few years, Mutual Funds have increasingly becoming popular with investors in India, especially via SIP or Systematic Investment plans. SIP allows investors to invest small amounts on monthly basis, which helps in overcoming…

As per a recent filing with the registrar of companies, Paytm is bleeding red, on a massive scale. Compared to financial year 2014-15, Paytm has reported 312% more net loss for the financial year ending March, 2016. As per the…

When it comes to financial and corporate frauds in India, the problem is information and awareness about the said company. If we track the modus operandi of companies like Sahara and Saradha, which took money from millions of daily…

RBI is working towards making funds transfer via smartphone easier and more secure. This was revealed by the RBI Governor, Raghuram Rajan, while speaking at the IDRBT Banking Technology Excellence Awards function. Rajan also shared that…