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financial services News
Explained: Mutual Fund schemes, other financial products you can get from Post Office
Sat, May 18, 2019
Since the Post Office Savings Bank is the largest retail bank in the country, operating from over 1,50,000 branches, Department of Posts has started retailing mutual funds and bonds to leverage its strength of the postal network.
SBI bank account holder? ALERT! 24 hours to go, you will not be able to do online, mobile banking
Fri, Nov 30, 2018
If SBI account holders/customers fail to register their mobile number with the account, only mobile banking and internet banking will be dysfunctional. All the other facilities will remain intact and there would be no deactivation of account number.
India moves toward Blockchain Technology; Here's how it will revolutionize banking system
Sat, Jun 30, 2018
Ever since the Finance Minister mentioned blockchain technology in his budget speech, the distributed ledger technology has found its way into mainstream attention and prominence.
World's best consumer finance firms, from Bajaj Finance to Muthoot, set to gain from 2019 elections
Fri, Jun 08, 2018
Prime Minister Narendra Modi is following his predecessor in boosting spending before polls due early 2019, a practice that has sparked surges in stocks of consumer finance firms. Bajaj Finance Ltd. -- with a world-beating return of about 70 percent over the past five years compared with 30 percent for Mastercard Inc. and 3.5 percent for Samsung Card Co. -- saw its best performance during this period in the 2014 election year.
Govt allows 100% FDI under automatic route for single brand retail
Wed, Jan 10, 2018
Union Cabinet today approved 100 per cent Foreign Direct Investment (FDI) under automatic route for single brand retail trading. Upto 49 per cent FDI is allowed under automatic route presently, but any investment beyond the limit requires government approval.
GST rollout: Here's how much more premium you need to pay on insurance policies
Thu, Jun 22, 2017
Customers currently pay 15% service tax for financial services. Starting from July 1, 2017 the GST will replace all indirect taxes like service tax and Value Added Tax. Financial services and telecom have been put in the 18% GST slab.
Nasscom sets growth outlook at 10-11% for Indian IT industry in FY18
Thu, Jun 22, 2017
Paytm Payments Bank vs Airtel Payments Bank vs India Post Payments Bank: We review
Tue, May 23, 2017
Paytm Payments Bank that will begin operations today will offer 4% interests on deposits. All deposits will be held in government bonds however the company said it was equipped to offer loans as well unlike other payments banks.
EU to exclude financial services from trade deal with UK post-Brexit
Wed, Apr 26, 2017
An earlier version of the guidelines only said that future trade agreement should "not endanger financial stability in the Union and encompass safeguards against unfair competitive advantages
Non-life premia set to go up as regulator backs move
Mon, Mar 13, 2017
In fact, the insurance regulator IRDAI has also hinted at a premium hike especially in third-party motor premium and the group health insurance from April 1 when most of the renewals take place in the domestic general insurance market.
Bought for Rs 10 crore, Reliance Capital sells Paytm stake to Alibaba for Rs 275 crore
Tue, Mar 07, 2017
Reliance Capital has sold its nearly 1 % stake in popular digital payments firm Paytm for Rs 275 crore to China's Alibaba Group in a deal reaping huge gains for the Anil Ambani-led group firm.
Hiring activity sees modest decrease of 2% in January, says Naukri.com
Mon, Feb 13, 2017
Naukri.com's recently released Jobspeak Index for January 2017 stood down 2% at 1,707 as compared to 1,748 in January 2016.
SEBI advisory board bats for greater corporate governance
Sun, Jan 15, 2017
The International Advisory Board of the Securities and Exchange Board of India (SEBI) advocated greater corporate governance in Indian firms to protect the interests of all stakeholders, the watchdog said on Saturday.
SC asks Centre to give details of recovery cases filed by banks
Tue, Jan 03, 2017
The Supreme Court today asked the Centre to give details of recovery cases filed by banks and financial institutions and those pending in debt recovery tribunals and their appellate bodies for the last ten years.
India, US eye bilateral trade worth $500 billion: Report
Sun, Aug 28, 2016
Positioned as a major investment destination to the world, India is targeting to increase its bilateral trade with the US to $ 500 billion from current levels of over $ 100 billion, in the near term.
Self-made billionaires outnumber those with inherited wealth in the world
Thu, Jul 07, 2016
The self-made billionaires include a maximum of self-made billionaire company founders, followed by those in the financial sector and those who are owners and executives in 2014.