Finance

H1B Visa Suspension: Shares Of Infosys, TCS, Tech Mahindra, HCL, Wipro Crash As Market Worried Over Impact On April 22, 2020 US President Donald Trump issued a Presidential proclamation, which suspended the entry of most new immigrants,…

RBI Starts Daily Reporting Of Payments: UPI, NEFT Usage 1300% More Than Cash! We all are well familiar with the phrase, “Cash is King”. Maybe this is the right time to unlearn the statement? The new data released by the RBI may…

Supreme Court Scolds RBI For Charging Interest On EMI, Loan Moratorium; 2 Lakh Cr Income For Banks? The Reserve Bank of India’s on March 27 passed a circular, permitting all the lending institutions to allow a three moratorium period on…

This Govt Scheme Can Give Senior Citizen Couples Rs 18,500 Pension/Month For 10 Years Fixed deposits and monthly pension schemes are two most popular investment options for senior citizens. Speaking of pension schemes, one such is…

Unregistered SMEs, Retailers Also Eligible For Rs 3 Lakh Cr Emergency Loan From Govt (Details Here) The finance ministry on May 12 announced that it will allow Rs 3 lakh crore emergency credit borrowing scheme for Micro, Small and…

RBI Can Extend Moratorium On EMIs, Loan Repayment By 3 Months Extra: But Should You Delay EMIs? The Reserve Bank of India (RBI) may extend the loan moratorium facility by another three months, in compliance with the extension of…

Now Open A Bank A/c Using Video KYC: Kotak Mahindra Bank Launches India's 1st Zero-Contact Saving A/c In January 2020, the Reserve Bank of India amended the Know Your Customer (KYC) norms and introduced the video-based KYC option to…

Banks Lost Rs 68,000 Crore As Bad Loans By 50 Defaulters; Mehul Choksi Tops The List India has witnessed many an arching cuts on the economy, when business men like Mehul Choksi and Jatin Mehta fled away with unfathomable sums of money,…

Petition Filed In Supreme Court To Stop Banks From Charging Interest During 3-Month Loan Moratorium The lockdown announced by PM Modi for a period of 21 days to curb the spread of Covid-19 pandemic has brought the Indian businesses and…

Coronavis Scare: Indians Withdraw Rs 53,000 Crore From ATMs In Panic; Highest Withdrawal In 16 Months The Covid-19 pandemic has not only affected the tech sector, which we have been fervently covering since the past few months but also…

Online Payment Gateways Banned From Asking Your ATM PINs; RBI Will Now Regulate Paytm, MobiKwik (New Rules) The threats of online fraud and money laundering have no end. Amidst the whole pandemic situation going around the globe, the…

Beware! SEBI Is Scanning Matrimonial Sites To Nab Defaulters, Manipulators Of Market The financial institutions and their regulating bodies have been highly active and looking out towards fining and getting hold of market culprits and…

Alert For Bank Customers: Deposits Only Upto Rs 1 Lakh Is Insured, In Case Your Bank Shuts Down! The current financial year, with the onset of the country’s first female Finance Minister, has seen a lot of revisions in the way banks and…

HDFC Bank Explains How UPI Fraud Is Committed; Issues Alerts On How To Avoid UPI Frauds In the present times, the Unified Payment Interface (UPI) ecosystem is expanding, especially due to its ease in interfacing for customers. With…

Private Banks In India Have 8.6 Lakh Officers Compared To Just 3.6 Lakh Clerks! (Find Out The Reason Why) There is a schematic change in the banking sector today, as compared to just few years back. Right from digital adaptations to ATM…

Banks Will Pay You Rs 100/Day For Failed Transactions; Turn Around Time Mandated To Maximum 5 Days! In a gigantic move serving to the best interest of customers, the Reserve Bank of India on Friday announced norms regarding a prescribed…

Walmart-Owned PhonePe Becomes 1st Non-Bank To Have UPI-Based IPO Bidding: How Will Work? As per the reports, NCPI has approved PhonePe to enable IPO bidding for its users through UPI platforms, considering the huge popularity of UPI…

Companies bought your driving license, vehicle data from Govt. As per the reports, the industry and banking giants  Mercedes, State Bank of India, ICICI Lombard, Bajaj Allianz and other 138 companies that bought vehicle registration…

Banks earned Rs 10,000 crore penalty from people who didn't had money It has been registered that about twenty-two scheduled commercial banks (SCB) have collected almost Rs 10,000 crore in the last three years as a penalty for not…

Maharashtra has most number of ATM frauds in India With an increase in the number of ATM frauds in the country, the assessment year 2018-19 recorded 980 cases of ATM frauds around the country, the highest number till today. Inspite of…