The details on sectors or borrowers are asked to the bank chief by RBI because of the rise in the interest rates. The questions have arised by Central bank about the concerns over the ability to mobilise deposits and meet credit demand. Separate meetings with the chiefs of public sector and private banks were conducted…
Read articlePublic sector banks ( PSB ) are looking into newer loan products to meet the demand of higher education loans. It is making efforts to recover legacy non-performing assets (NPAs) in education loans. The options include one-time settlement (OTS) or sale of bad loans to asset reconstruction companies (ARCs). Efforts to clear educational loans –…
Read articleThe rupee bounced back by 100 paise with gaining the best performance in four years . It closed at 80.81 against the dollar after the greenback weakened following lesser-than-anticipated inflation in the US. With Friday’s gain, the domestic currency has appreciated 2% in the week and thus has gained the best performance. The rupee opened…
Read articleIt is very well said that ‘ your habits decide your future ‘. It is always your commitment to your work that determines your success. Good financial habits lead to improving wealth. A disciplined person will always grow his wealth multiple times while someone who is not financially disciplined will lose it all. Financial habits…
Read articleRelying on savings alone for making your future security is not a good financial habit. Instead, opting for investment options will help you grow over the years. There are several long-term and short-term investment options that you can opt for, considering your goals and risk appetite. Having a good investment plan gives a sense of…
Read articleNo Cost EMI Scheme – The festive season is on the way, where people shop both online and offline, they are offered various products like mobile phones, refrigerators, etc. on no-cost EMI or zero-cost EMI. While purchasing such expensive products and when u get to know about no-cost EMI, you are easily attracted towards it.…
Read articleEPF is a retirement saving Scheme offered by an employee provident fund organization ( EPFO). Under this scheme, a certain amount of money is deducted from the employee’s salary and added to the EPF account. A specific rate of interest is added to the PF account for the contribution towards the EPF scheme. According to…
Read articleNSC is National Savings Certificate. It is a fixed savings income scheme that can be opened at the post office. Due to the number of post offices present in India and the easy access to these post offices, the scheme has become very popular in India. The major aim of this scheme is to make…
Read articleGold Investment – Gold is always considered the best investment. People buy gold in physical terms like jewelry etc. As time advances, it is better to realize that investing in gold through pieces of jewelry is not the only way as there are different ways to invest in gold now. So there are times when…
Read articleIncreasing Cyber crimes cases – India is being digitalizated and with this the cyber crimes are rising. Criminals often target banks where huge amount of money is easily flowing on daily basis .And when such unauthorised transactions should be immediately reported to banks so that the appropriate actions are to be taken on time. Customers…
Read articleChat with Us