Search Results for: banking

India 2nd only to US in number of banks covered under deposit insurance: RBI Dy Governor

India Ranks Second Globally in Deposit Insurance Coverage

In a recent global conference held in Jaipur, India, on August 13, 2024, RBI Deputy Governor Michael Debabrata Patra announced that India's Deposit Insurance and Credit Guarantee Corporation (DICGC) has extended coverage to 1,997 banks.

Aug 13, 2024

Applying for an Instant Personal Loan: Tips and Tricks for Quick Approvals

Getting an instant Personal Loan doesn't have to be overwhelming. Understanding what's needed, preparing properly, and following these steps can make your loan application process quick and painless.

Aug 10, 2024

Md Yunus needs to address political turmoil first

Nobel laureate Muhammad Yunus leads Bangladesh's 17-member interim government, aiming to address political instability, economic recovery, and social tensions, and restore stability after PM Sheikh Hasina's resignation.

Aug 9, 2024

Shaktikanta Das 25th governor of the Reserve Bank of India (RBI)

RBI Governor Highlights India's Financial Resilience Amidst Global Uncertainties

RBI Governor Shaktikanta Das highlighted India's financial sector's resilience, citing strong macroeconomic fundamentals and a well-capitalized banking sector.

Aug 8, 2024

RBI Keeps Repo Rate Unchanged, focuses on Price Stability

RBI Governor Shaktikanta Das said the Monetary Policy Committee has decided by a 4:2 majority to keep the repo rate unchanged as inflation has risen above 5 per cent and is still above the targeted level of 4 per cent.

Aug 8, 2024

Right Choice? 'Rational' Muhammad Yunus chosen to steer Bangladesh away from unrest

Dubbed the "banker to the poor," Yunus's microloan strategy has been instrumental in preventing rural unrest in many impoverished regions globally.

Aug 7, 2024

B'desh will turn into another Pak if BNP-Jamaat attain power, says Sheikh Hasina's son Sajeeb

Bangladesh's Political Upheaval: Hasina Seeks Asylum in UK Amid Protests

The Bangladesh Army has formed an interim government, and the UN has called for calm.

Aug 6, 2024

Cybercrime Spree: Fraudsters swindle Rs 1,447 Crore from innocent citizens in 2023-24

The number of digital fraud cases in the country has been steadily rising, as fraudsters continue to adopt various methods to deceive people

Aug 1, 2024

Abdul Jaleel Dudekula: A Leader Redefining Boundaries of Technological Development in Banking

Dudekula makes tangible developments to enhance the banking industry's developer experience for thousands of engineers and improve global customer interactions.

Aug 1, 2024

What is a Pre-approved Personal Loan? How Do You Apply for It?

Pre-approved Personal Loans are an excellent financial tool for those who qualify. They simplify the borrowing process, making funds available quickly and hassle-free.

Jul 29, 2024

Sensex, Nifty end flat as markets turn to consolidation phase

Sensex opens at all-time high, Nifty trades above 24,900

Sensex openning session saw the index at 81,679, up 347 points or 0.43 per cent, and Nifty was up 84 points or 0.34 per cent at 24,919

Jul 29, 2024

RBI tightens domestic Money Transfer rules, adds new security factors

The Reserve Bank of India (RBI) has tightened rules for domestic money transfers, requiring banks to record the name and address of beneficiaries. Remitting banks must register the remitter with a verified cell phone number and an 'Officially Valid Document (OVD)'.

Jul 25, 2024

Sensex continues to dovetail amid negative sentiments after Budget

Indian equity indices opened in the deep red on Thursday following negative cues from global markets.

Jul 25, 2024

Union Finance Minister Nirmala Sitharaman, Minister of State in Finance Pankaj Chaudhary and other members of finance ministry leave to present the budget in Parliament

How full Budget 2024 compares with Interim Budget: Explained

The Union Budget 2024-25 focuses on empowering youth, women, farmers, and the poor, with significant allocations for employment and skilling. Fiscal consolidation is strengthened, with a reduced fiscal deficit target and lower planned gross market borrowing. Revised tax slabs and a comprehensive review of the Income Tax Act aim to simplify tax compliance and boost sectors. The budget retains a high allocation for the Ministry of Defence, promoting 'Aatmanirbharta' in Defence technology and manufacturing.

Jul 24, 2024

9 priorities of Union Budget: FM unveils road map for 'Viksit Bharat'

Nine priorities of Union Budget: FM unveils road map for 'Viksit Bharat'

Finance Minister Nirmala Sitharaman, presenting her seventh consecutive Budget and her first in Modi 3.0, spotlighted nine priority areas for generating ample opportunities for all.

Jul 23, 2024

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