banking

Mobile Banking is the future of financial transactions going forward - With over 800 million Indian users carrying mobile phones, it becomes an ubiquitous platform to push financial inclusion across the masses. It is expected that Mobile…

Not all of us are informed and aware of the terms that are used in a home loan or how a home loan will affect our lives in the future. People who are not from a finance background may not even understand some of the most basic home loan…

RBI has deregulated savings bank deposit rates with effect from October 25, 2011. The clear implication as of now is - increased funding costs for the banking fraternity and party time for the depositors with idle funds in their savings…

The RBI has pulled the gauntlet with yet another 25 basis points hike in repo and reverse repo rates to 8.5% and 7.5% respectively. As a matter of practice, reverse repo rate is usually determined with a spread of 100 basis points below the…

Despite the stupendous growth of banking sector in India in the last 10 years and the development of a highly competitive marketplace comprised of both domestic and foreign based banking entities in India, access to various banking services…

Ok - so its not only the Government websites that are getting hacked. According to a blog post published by Zsecure - A serious vulnerability was discovered in HDFC Bank’s online platform, that potentially allowed hackers to gain private…

The last time RBI had issued banking licenses was 2004; Kotak Mahindra Bank and Yes Bank were established. We have seen the kind of wealth creation that they were able to create in just six years. However, RBI seems to have a concern on…

Indian banking sector has been prevalent since the time unknown; but the decade-old mobile phone industry has boomed only much recently. However, wireless subscribers have far out-stripped the number of individuals with bank accounts at…

Can you guess which are the most Social Media friendly banks in India ? If you thought of HDFC Bank, you are right – It is the most social media friendly private sector bank in India and when it comes to Public sector the honour goes to…

RBI Hikes Key Policy Rates Like Air India pilots, even equity shares seem to have gone on strike against RBI’s move to hike key policy rates by 50 bps today. Benchmark BSE Sensex corrected a whopping 463 points indicating its disliking…

Despite fraught with multiple corruption charges within the political party, one thing for sure - the reformist movement at the UPA government has reigned over the lethargically-motivated bureaucratic red-tapism. This Congress-led…

Credit Score is probably the most important aspect that you should remember when you plan to take a loan. Infact, you may end up not getting a loan at all if you have a bad credit history

Indian Banking sector has come a long way in past decade or so – Gone are the days when you have to run to the physical Bank branch for every small thing. I clearly remember the days when “Going to Bank” was a routine &…

According to Bank Statistics monthly report released by RBI yesterday, HDFC Bank stands at number one position when it comes to number of e-transactions taking place in India, while SBI is ahead in terms of value of transactions. ICICI…

Paypal seems to have brought out some clarity regarding India based Bank withdrawals. According to the post made by Farhad Irani today on paypal blog,

This is really interesting – State Bank of India has announced that it will soon offer no-frills bank account for needy - which will be used only through mobile phone. According to this article in telegraph, this project is only for…

Mobile Banking is one of the most popular services used by Indians – More than 43.7 million mobile users used Mobile banking services in one form or the other. Here are the breakup of various Mobile Banking services used for the…

India Inc is building up on the credit tracking mechanism. There are 4 credit rating agencies (CRISIL, ICRA, CARE & Fitch ratings) which work with banks and credit card companies to develop your credit history.  This in turn is…

It is not a April fool joke and the date is a strange coincidence. Our financial year starts from April 1 and thus the coincidence. This news is doing the rounds in the Blogosphere for a few days now. I was just waiting for the conventional…

Do what you do best and outsource the rest. There is no time like recession to re-think your business strategy. Recession is also the time to know what wasn't working and work towards what will work. That seems to be what every company…