Posts Tagged: banking system

Business

Yes Bank Explained: About to be Acquired?

Did you know that when Yes Bank was established in 2004, its main focus was on corporate banking? In 2010, corporate banking contributed to around 63% of the bank's total revenue. This became one of the main reasons for its rapid growth in its initial years.

Your Money

Top Term Life Insurer Companies in India

Term life insurance is a crucial financial tool for protecting one’s family and dependents in the event of an untimely demise. In India, numerous insurance companies offer term life insurance plans, each with unique benefits, features, and claim settlement records.

Big Shots

RBI Bars Kotak Mahindra Bank: Will it be Able to Fix its Woes?

Kotak Mahindra Bank reported a 25% hike in net profit, touching the ₹5,302 crore mark for Q4 of FY24. Such a positive quarterly report should have been happy news, and it did if you take the 4.9% peak in share price into account. But, despite this, the NBFC-turned-bank would not be celebrating anytime soon.

Big Shots

When is ICICI Securities Delisting & Why?

ICICI Bank is in the process of delisting its subsidiary, ICICI Securities, from the stock exchanges. This means the shares of the securities broking and merchant banking subsidiary of ICICI Bank will no longer be publicly traded.

Finance

All you need to know about the Indian Banking Sector

India's banking scene is quite a spectacle! Don't trust me? Let me prove my point using data. We have 12 public sector banks, 22 private counterparts, 46 foreign players, 56 regional rural banks, 1,485 urban cooperative banks, and 96,000 rural cooperative banks. As of March 2023, the nation boasts a total of 14,74,548 ATMs, with a notable 2,796 added in just the first four months of FY23, showcasing a robust momentum in banking infrastructure expansion.

Stock Market

Value Investing 101: Making Money the Smart Way

I will start today's article by sharing a meme that captures a conversation I had with one of my friends. 😄

Stock Market

ESG Excellence in India: A Deep Dive into the Top Performing Companies

When you look at a successful company, the first thought that usually comes to mind is, "Wow! The founder must have had a great idea." Well, an idea sure is the base for establishing a new business, but it's not enough to take it to the top and then maintain that leadership position over the years. Right decisions at the right time, increasing profits, positive returns, and persistence assist in completing the journey from a new business to a successful one.

Stock Market

How to do Sector-Wise Comparison of Companies?

Let's kick off today's article with a simple question: When you're in the market for purchasing a new car or a mobile phone, what's your go-to strategy for making the right choice? You'd probably say you compare performance, check out the features, and, without a doubt, consider different models and brands, right? But would you ever find yourself comparing an iPhone with a Micromax phone or calculating the fuel cost for a car and a plane? Not likely.

Your Money

What is the Annual Percentage Yield and How is it Calculated?

What if I told you that your money could be working harder than just sitting in your savings account? Seriously, it's not a joke, and you don't need a degree in finance to do it. You can actually earn a bit more than your savings account interest rate. Interested in making your money work for you? Well, you're in the right place.

Stock Market

Top 5 Banks in India by Market Capitalisation 2023

The banking landscape in India is undergoing a major transformation, and it's generating quite a buzz! Thanks to cool schemes like the Pradhan Mantri Jan Dhan Yojana and the rise of India Post Payment Banks, it's becoming simpler for people to manage their finances. But wait, there's more!

Your Money

Transforming India: A Thorough Guide to Pradhan Mantri Yojanas

In 2014, India was the 10th largest economy globally. Today, after nine years, it proudly stands at the 5th position in the world's GDP ranking, surpassing the UK, France, Italy, Canada, and Brazil.

Your Money

Mahila Samman Savings Certificate: Is it really beneficial for Indian Women?

According to a survey conducted by SEBI in 2017, it was found that 95% of the population prefers bank deposits over any other investment option. This goes to show that whenever we look into the various avenues to invest our hard-earned money, we generally prefer investing in safer options. Government schemes are one of those options, as it comes with extremely low risk.

Big Shots

HDFC Bank Merger: A detailed guide

HDFC Bank will be the world’s fourth largest from 1st July 2023.

Your Money

What is a Debit Card: A-Z Guide To Elevate Your Finances

In this modern era of digital transactions, debit cards have become an essential tool for managing your finances. They offer convenience, security, and control over your spending. If you're new to the world of debit cards or simply want to understand them better, you're in the right place! In this article, we'll explore the ins and outs of debit cards. So, let's dive in.

Your Money

Card Insider Review: Analysing The Card Select'ing Platform

In India, the number of credit card users as of June 2023 stands at 8.5 crore. Even while this number has been slowly increasing in recent years and is anticipated to do so in the years to come, India still has a low credit card penetration rate, with only about 3% of the population owning one. In comparison, credit card penetration is significantly higher in other developed nations. For instance, the penetration rate of credit cards is over 60% in the United States. A variety of factors cause the low credit card penetration in India. One explanation is that the population of India is less wealthy and younger than that of developed nations. Another reason is that there is a lack of awareness about credit cards in India.

Your Money

Debunking common UPI ID myths

Picture this- In the scorching heat, you crave a glass of ice-cold lemonade, but your wallet is as dry as the Sahara. The struggle is real, my friend. Hold on tight! You and the lemonade seller both embrace UPI. So, with a quick click on your phone, you enter the seller's UPI ID, and just like that, your thirst is quenched, and the seller has also received his payment. UPI to the rescue, making cashless refreshments a breeze! With a unique UPI ID, users can enjoy instant transfers, easy usability, multiple account management, secure transactions, and wide acceptance.

Your Money

IDFC FIRST WOW! Credit Card Review

Travel credit cards have become an essential accessory for frequent travellers, making travel more affordable and rewarding. These credit cards provide various benefits for travel-related expenses. With the right card, travellers can accumulate reward points quickly and redeem them for free or discounted travel, hotel stays, and more.

Macro Moves

RBI Sandbox: A Financial Laboratory

When I first stumbled upon the term "RBI Sandbox," my brain immediately conjured up images of a delightful box filled with sand for kiddos to frolic in. Oh, how wrong I was! Turns out, it's nothing of the sort. And hey, I'm willing to bet there are plenty of folks out there who are just as clueless as I was (except for those outliers, of course). But fret not, my friend! By the time you finish reading this article, you'll be armed with all the answers you need. Get ready to have your mind blown (not with sand, though)!

Posts Tagged: banking system

Yes Bank Explained: About to be Acquired?

Top Term Life Insurer Companies in India

RBI Bars Kotak Mahindra Bank: Will it be Able to Fix its Woes?

When is ICICI Securities Delisting & Why?

All you need to know about the Indian Banking Sector

Value Investing 101: Making Money the Smart Way

ESG Excellence in India: A Deep Dive into the Top Performing Companies

How to do Sector-Wise Comparison of Companies?

What is the Annual Percentage Yield and How is it Calculated?

Top 5 Banks in India by Market Capitalisation 2023

Transforming India: A Thorough Guide to Pradhan Mantri Yojanas

Mahila Samman Savings Certificate: Is it really beneficial for Indian Women?

HDFC Bank Merger: A detailed guide

What is a Debit Card: A-Z Guide To Elevate Your Finances

Card Insider Review: Analysing The Card Select'ing Platform

Debunking common UPI ID myths

IDFC FIRST WOW! Credit Card Review

RBI Sandbox: A Financial Laboratory

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