Latest Updates

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

In line with the market expectations, the Reserve Bank of India (RBI) has slashed the repo rate by 25 basis points to 5.75% in its bi-monthly monetary policy on June 6, 2019. The latest cut is an addition to the earlier two rate cuts made by the... 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

In 2017, SBI has had some of the major changes like the merger with its five associate banks and now its decision to change the IFSC codes of 1300 branches. The Managing Director Praveen Gupta announced this in an interview with PTI that since some... Read More

Looks like the Modi government is set to overhaul the entire tax system in India. Months after overhauling the indirect taxation by rolling out Goods and Services Tax (GST), the government has formed a task force to draft a new direct tax law to... Read More