Latest Updates

The Competition Commission of India (CCI) has approved the merger of Indiabulls Housing Finance- Lakshmi Vilas Bank, said the housing finance major. In April 2019, Lakshmi Vilas Bank announced that it was going to merge with Indiabulls Housing... Read More

IndusInd Bank has announced that it is planning to merge with Bharat Financial Inclusion on July 4, 2019. The CEO of Bharat Financial Inclusion Ltd (BFIL) will become the CEO of IndusInd Financial Inclusion Ltd (IFIL). Boards of both the companies... Read More

The Reserve Bank of India (RBI), in its monetary policy held in December 2018, has made an important announcement directing banks to price floating rate loans on the basis of external benchmarks such as the repo rate, 91-day T-Bill Yield, 182-day... Read More

In the Union Budget 2019, Finance Minister Piyush Goyal has probably given the best gift to Indian tax payers, especially the salaried middle class. The announcement has been made that individuals upto the gross income of Rs. 5 lakhs per annum will... Read More

Continuing its rate cut spree, the Reserve Bank of India (RBI) has slashed the repo rate by a further 35 basis points to 5.40% in August 2019. This adds to a combined rate cut of 110 basis points so far in 2019. The rate cut meant that leading banks... Read More

Much contrary to wide market expectations, the RBI sprung a surprise on its monetary policy meet on August 1, 2018, by raising the repo rate by 25 basis points to 6.50%, marking it as the second hike made by the central bank this year. Banks are... Read More

From February 2018 onwards, the registration of the property can be done through Aadhaar verification. The initiative has been taken in order to get hold of the illegal transactions occurring in the real estate. Maharashtra would be the first state... Read More

The Unique Identification Authority of India (UIDAI) has decided to introduce face recognition as an additional means of aadhaar authentication along with fingerprints and iris. This move allows easy authentication for those who are facing issues... Read More

 IDFC bank has announced its merger with one of the top finance providing companies-Capital First. The board of directors from both the sides have agreed to the deal. What makes this merger unique is that one of the newest banks has agreed to give... Read More

I saw the screen, and there it was – customer counter just clocked 10000000. I had goose bumps and was overwhelmed with the emotions of the journey. 10 million unique people had applied for a financial product through us, in a country of 50... Read More