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Reserve Bank of India (RBI) has unveiled new guidelines for recognizing default loans and how to resolve them. This new guidelines by Reserve Bank will help in early detection of Non performing assets. Further, RBI has also dictated the penalties on bank in case of failure to recognize. The new rule is implemented to specify norms […]
If this news is true, India’s biggest ever fraudulent transactions detected at one of the branch in Mumbai of State run Punjab National Bank. Fraudulent and unauthorized” transactions worth about Rs 1.13 lakh crore detected at one of its branches in Mumbai. PNB has accepted the frauds in a regulatory filing and informed that the transactions […]
People are worried about the status of Public Provident Fund (PPF), after the announcement made by Finance Minister during Budget 2018 regarding repeal The Public Provident Fund Act, 1968 under Finance Bill, 2018. After the announcement there is a common fear among people whether PPF will be discontinued or what will be the safety of money deposited in […]
Learn steps to transfer money using Whatsapp UPI payment option – Whatsapp messenger has started rolling out the UPI based payment through their apps. New payment feature of Whatsapp Pay is now available to selected users in India. Just check out how to send money using Whatsapp Messenger. This is an easy interface for choosing […]
Whatsapp Pay, A new entrant in the UPI based payment interface – What would be the earning for a Payment company with more than 200 million users ? Non imaginable, but ewallet companies are going to face a tough competition ever with newly upcoming UPI interface by Facebook owned Whatsapp. Whatsapp, a P2P messaging platform […]
RBI clears all the doubt related to Rs 10 coin validity by stating i.e. “All the 14 designs of Rs 10 coin are valid and legal tender for transactions”.The Reserve Bank of India (RBI) reiterated the legal tender status of all ten rupee coins issued. There were many states in India where complaint were made […]
Another Public Sector Bank (PSB), Allahabad bank is put under Prompt Corrective Action (PCA) by Reserve Bank of India (RBI) as the banks shows the net NPAs (non performing assets) and negative ROA (return on assets) for two consecutive years fiscal 2016-17. For the fiscal 2016-17, the bank had trimmed its net losses to Rs 313.51 crore against Rs […]
Currently there is a wide debate going on within financial sector about proposed Financial Resolution and Deposit Insurance Bill (FRDI). Main concern is on non-assurance on depositors money and bail-out of weak banks through bank deposit of different bank. Ending the debate on FRDI will, government has decided to place the proposed bill to get parliament […]
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