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Financial Knowledge

Basic Budget Concepts for Beginners

Indian Budget is presented on Lok Sabha every year by the Finance Minister. It would be interesting to understand various concepts associated with budget so that you are able to grasp the budget better now that you know the particulars. Understand why decisions are made in the Budget. This Basic Budget Concepts for Beginners is the best

Financial Knowledge

5th Bi-Monthly Monetary Policy Review 2016-17

Repo Rate – It is the rate at which RBI lends money to commercial banks. Reverse Repo rate – It is the rate at which RBI borrows money from commercial banks. The Reserve bank uses this tool when it feels there is too much money floating in the banking system. Cash Reserve Ratio (CRR) –

masala bonds

RBI allows banks to raise funds via masala bonds

The Reserve Bank of India, after consultation with the government, has allowed Indian banks to raise funds through issuance of rupee-denominated bonds overseas (also called masala bonds) within the present limit of ₹2,44,323 crore set for foreign investment in corporate bonds. With a view to developing the market for masala bonds overseas, as also providing

Digital transactions

Digital transactions: India ‘much safer than most destinations’

Despite the report of the ATM fraud/cyber attack on a couple of Indian banks a fortnight ago, India is still safer, compared to many other destinations, said an industry expert. Even the US — the largest and most advanced economy in the world — still does not have two-factor authentication for credit card usage —

Financial Knowledge

Bharat Financial Inclusion gains from cost cutting, guarded expansion strategy

  A guarded expansion strategy, cost optimisation and reduction in cost of funds have been yielding results for Bharat Financial Inclusion. The company, formerly known as SKS Microfinance, posted an increase of 87.3 per cent in net profit at ₹146 crore in the second quarter ended September 30, compared with ₹77.86 crore in the corresponding

Financial Knowledge

Ramadorai’s resignation from NSDC, NSDA fuels speculation

Tata Group veteran S. Ramadorai, 71, has resigned from the posts of Chairman of National Skill Development Corporation (NSDC) and National Skill Development Agency (NSDA) adding to speculation that he may be in the reckoning for the chairmanship of Tata Sons. The NSDA, in a notice put up on its website, has announced Mr. Ramadorai’s

Financial Knowledge

Banking infra being mapped to expand direct benefit transfer

  The Centre has embarked on an ambitious plan to map the banking infrastructure across the country as part of its financial inclusion initiative. Known as the DBT-Geographical Information System for financial inclusion, the facility provides data not only at the State/district levels, but also at the village level. Lead banks in each area have

Financial Knowledge

Banks need to have robust systems and equally strong software that can safeguard data

  The recent debit-card of data breach has raised questions on the safety of using the cards, and also that of banking channels such as internet banking and apps. Banks need to have robust systems and equally strong software that can safeguard data. With almost all banks pushing the use of mobile apps, their security

Financial Knowledge

Reserve Bank of India said Second banking ombudsman office opened in New Delhi

The Reserve Bank of India (RBI) on Tuesday said it has set up the second office of the banking ombudsman at its office in New Delhi. The new office has been opened in view of the significant increase in banking network during the recent past and the large jurisdiction being covered by the present office

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