Banking News Investment

Top Reasons – Why Bitcoin is a Risky Investment ?

Bitcoin is a buzzing word. Every one is talking about Bitcoin and its recent surging in value. The recent appreciation in the value of Bitcoin has motivated many of new investors especially younger generation in countries like India. Before Investing in Bitcoin, let’s have some ideas about crypto-currency Bitcoin is a legal tender in some […]

Banking News

Bank Union Filed Petition in Supreme Court Against Aadhaar Services

Union of Bank employees have filed a petition against Aadhaar Related services including setting up enrollment center in the Supreme Court. Bank Union has stated in their petition that they do not have the resources to provide Aadhaar related services from the bank branches. Earlier the  Unique Identification Authority of India (UIDAI) has made it mandatory for […]

Banking Banking News

Post Merger – Government Wants To Keep 10-15 Big Size Public Sector Banks

If rely on the word of Sanjeev Sanyal, Principal Economic Advisor, Finance Ministry – Government wants to have 10-15 public sector banks with government’s majority stake, down from 21 at present, as part of its plan to consolidate banks. Further, No very weak bank would not be merged with a strong one “as it could pull the latter […]

Digital Banking eWallets

Why Transfer of Funds Between Mobile eWallets Bad for Banks ?

RBI has allowed the transfer of funds facilities between different Mobile eWallets. Now any of the mobile ewallets users like PayTm, Mobikwik, Oxigen, Freecharge etc may transfer of money between themselves i.e. from PayTm to freecharge or Oxigen or Mobikwik or Jio Money.  Earlier it was restricted by RBI under Prepaid Instruments Guidelines or PPI’s. […]