Latest Updates

In its fifth bi-monthly monetary policy held on December 5, 2018, RBI has kept its repo rate unchanged at 6.50%. In this meet, RBI has asked all the banks to adopt new external benchmark rates for MSME loans such as home loans and car loans from... 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

India Post has incorporated as a public sector bank under the Department of Posts with 100% Government of India equity. Till date, IPPB was offering Savings Account and Net Banking facility for online exchange of money. Also, ATM/Debit cards are... Read More

Everyone thinks of building a corpus for a peaceful retirement life, don't they? Building a corpus, though, may not be as easy as one would think of. It's because of the uncertainties and emerging needs that can arise in the due course of time.... Read More