When it was lockdown time in 2020, there was a crucial phase for people as well as the economy. Many celebrities, businessmen and other citizens have come together to contribute their bit. Many people are quite naturally worried about the economy. Though external phenomena harm the economy, we cannot forget that some internal harmers are […]

Recently at the centenary celebrations of the city based Tamilnad Mercantile Bank in Tuticorin, Tamil Nadu Finance Minister Sitharaman said banks including private sector should embrace digitisation towards ensuring that government  schemes reach the poor and downtrodden besides adopting financial inclusion for a wider reach. She further said, “With the use of digitisation through banking correspondents, […]

On 16th September 2021, FM Nirmala Sitharaman announced the formation of India’s first ever “Bad Bank”. It is not a bank for customers to take a loan, make fixed deposits etc., but the perspective behind a bad bank is different, with an aim to help clean up bank’s books by taking over 2 lakh crore […]

The current pandemic has taught the people the value of saving and investing their money for some unforeseen situation like this. There are 0ots of ways or verticals in which one can invest and get good return on investment. Still FD or Fixed Deposit is considered a safe investment for many. FD is a kind […]

Increasing risk of cybercrime, phishing etc. make people on edge of risking their financial lives while using Debit & Credit Card. Many merchants and e-commerce force customers to store debit or credit card details, which increase the risk of card data being stolen. So, to avoid this kind of cyber fraud, Reserve Bank of India […]

In this digital era, technology is advancing day-by-day. We have observed that many digital platforms emerged in the financial sectors with a claim to offer quick and hassle-free loans to retail individuals, small traders, and other borrowers.  Some Banks and NBFCs are also engaged on digital platforms to provide loans to their customers. Many NBFCs […]

When you are self-employed, means there are so many reasons bank furnishing for rejecting the home loan application such as fluctuating income, inadequate bank balance, and firm related issue like not having GST certificate, startup firm (in case you are new to business) and what not however, by keeping in mind certain points you too […]

Recently RBI has announced enhancement of collateral free loans to Self Help Group (SHGs) under Day – NRLM from Rs 10 lakh to Rs 20 lakh. The DAY- NRLM broadly known as Deendayal  Antyodaya – Yojana – National Rural livelihoods Mission is the flagship program of the Government of India for supporting the poor, particularly […]

We hope many are aware that home loan interest rates are at an all-time low for the last one-and-a-half years. Many lenders have reduced it and with some lenders it is below 7 % to as low as 6.5 %. This is an opportunity for existing borrowers to cut down their interest rates by refinancing […]

There was a major shock to banks when the Supreme Court refused to recall its verdict which was given back in 2015, which had held that the RBI will have to provide information about the banks and financial  institutions (FIs) regulated by it under transparency law. A bench comprising Justices L Nageswara Rao and Justice […]