Latest Updates

In this era of digitalization, every activity has been made digitalized and recently the Corona Virus Outbreak has restricted the individuals from getting into personal contact with any other person. Therefore, the ICICI bank has introduced a...

As we can see that the fraudulent activities related to the Debit and Credit Cards are increasing day by so, the RBI has provided certain guidelines related to the Debit and Credit Cards. It has warned the financial institutions to keep an eye on...

With all the talks to strengthen the digital transactions across the country, the National Electronic Funds Transfer (NEFT) was still that one service that wasn’t available to the customers on all days of the year. But not anymore as the Reserve...

Recently, NHAI has introduced a new method to pay Toll taxes. The method of payment is known as FASTag. This new mode of payment is approved by the National Payments Corporation of India. It is mandatory for every vehicle to have a FASTag on its...

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...

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...

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...

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...

Good news for the Indian economy as Reserve Bank of India’s Monetary Policy Committee (MPC) has announced a slash in the repo rate rate by 25 bps in its meeting held on October 4, 2019. With this cut, the repo rate is now down to 5.15% from the...

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...