Post-pandemic, the way of transactions has changed a lot. Earlier cash was a dominating factor which is now no more due to cashless transaction facilities. Small vendors to big businesses are having facilities to accept other than cash transactions, and even people are more inclined towards cashless transactions for even smaller purchases.   To facilitate […]

Recently, Kotak Mahindra Bank introduced its ActivMoney feature, which allows clients to benefit from interest rates similar to fixed deposits (FDs) of up to 7% annually and the flexibility to access their money whenever they want from the connected savings account. Many other banks, including Axis Bank, HDFC Bank, ICICI Bank, and IndusInd Bank, provide […]

Although online transactions have increased significantly over the past few months, banks and payment processors recorded online payment fraud of Rs. 1,750 crores in the seven months ending March 2023.   According to information provided by the Reserve Bank of India, over Rs 800 crore in payment frauds were reported during the fourth quarter that […]

Just 4-5 weeks away, the HDFC-HDFC Bank Ltd merger will result in a lower net interest margin (NIM) for the institution this year, brokerages said, the day after management met with analysts. According to a study by Nomura analysts, the bank forecasts NIM, a crucial profitability metric, to decline as a result of the merger […]

The RBI has taken the move to withdraw Rs. 2000 notes from circulation which has attracted much speculation and questions on the move. The current RBI Governor Mr. Shaktikanta Das has recently briefed answers to various questions on the withdrawal of Rs. 2000 notes. According to Das, the main goal of introducing the Rs 2,000 […]