Posts Tagged: banking

Finance

What is Overdraft Facility in Banks?

What if the ATM kept raining cash? What if you could withdraw more than you have in the bank? As cool as it sounds, it’s not impossible. And they name it - ‘Overdraft’.

Business

Indian Gold Loan Industry: Who’ll take this Underpenetrated Market?

India, the world’s second-largest consumer of Gold worth $1.5 Trn, has a meager 3% of it pledged for loans. Is it a multi-billion-dollar market for the taking?

Brand Games

Uday Kotak : The Wealthiest Banker of Asia

“The trouble with opportunity is, it never announces when it comes. It's only after it's gone, you'd realize that you missed it.” - Uday Kotak

Finance

The Actual Cost of No-cost EMIs

“There are no free lunches in the market” The quote says it all! Doesn't it feel odd when we see the phrase "NO COST EMI"? Is something like this really possible? Why would someone distribute free money in the market like this? Eh? take a deep breath because soon you are going to find out the hidden truth. Let us dig deeper into this topic.

Finance

What is Repo Rate and Reverse Repo Rate?

Are you a banking enthusiast? Do you aspire to build your career in the banking industry? Well, there are many who wish to do the same, but there are only a few who succeed in achieving these goals. A proper dedication, passion, and most importantly, knowledge and understanding of the banking world will certainly help you in becoming a successful banker.

News Platter

All About Rs 7,926 crore Transstroy Fraud

We’ll talk about Transstroy but first, let’s talk about a typical Indian scenario with respect to the spoilt brats. Whenever an exceedingly over speeding car is stopped by the traffic police in Delhi there’s one phrase that you would hear most of the times – “Tu Jaanta Hai, Mera Baap Kaun Hai?” (do you even know who my dad is?)

Invest

The Relationship Between Interest Rates and Bond Prices

The Indian debt market is composed of long-term debt markets and short-term debt markets. When there is a trade-in debt securities with a maturity of less than one year, it is deemed as a money market transaction. Likewise, when there is a trade-in debt securities with a maturity beyond one year, it is considered a bond transaction. The RBI monetary policy has an impact on both the long-term debt markets and short-term debt markets. Let us take a closer look at how the RBI monetary policy affects the bond market.

Finance

Fixed Deposits: All you need to know

Once upon a time, there was an old lady who believed in the importance of saving money. She knew how useful savings are and how a certain preserved amount for the future purpose could come to her aid, whenever she would need it the most. The old lady was good at saving money despite a lack of formal financial education. Whenever she saved ample money, she'd go to the bank and ask them to put in whatever scheme yields regular interest. The bank would ask her how long she wanted to put the money, and she would say whatever period pays the highest interest. She didn't understand what she was asking for, but she knew what she wanted.

Recent Updates

Nationalization of Banks: History of Indian Banks

The Indian banking system has a history of bank nationalization, particularly during the 1960s and 1980s. The first major wave of bank nationalization was seen in 1969 under the leadership of PM Indira Gandhi & the second wave of bank nationalization took place in 1980.

Invest

Difference Between Current Account And Savings Account

How do you save money? Considering the techniques of the olden days, keeping a large amount of money with you or in a steel locker in a house might be risky, or saving money on a daily/weekly/monthly basis by distributing it, might be hectic to manage on your own as it takes a lot of time. So, is there any alternative solution? Where do I keep my money if not in my house? How can I manage the timely savings of my money?

News Platter

Lakshmi Vilas Bank Merger: Factual and Informational Details

It looks like the Government of India is now playing smart rather than being a ‘Daanveer’ (over merciful donator). Just in case you are not aware of ‘Daanveer’, we’ll tell you. This name (or rather title) was conferred to a person in a community or village who always donated whenever someone went to him and pleaded for money or help.

Brand Games

Aditya Puri's journey: An 'inspiration' to banking sector

Some tales of success have been heard by us all. Whether it's the story of newspaper boy Dr. APJ Abdul Kalam, chaiwala Modi Ji, bus conductor Rajnikanth, or the story of living legend Amitabh Bachchan, all such struggle revealing stories has been well-known and highly appreciated. But have you noticed that such popular early life stories are just of either politicians or the big stars of the entertainment industry, nothing else!

Finance

IMPS: All you need to know

In the hustle and bustle of life, what all an individual aspires for are systems which are beneficial and flexible at their end. People always seek for something that doesn't require a lot of time and can be done with ease and comfort without any tussle. And with the entrance of digitization in the modern world, this has become possible. Whether it's online shopping, ordering food, booking reservations, or anything; anything and everything can be done via online systems.

Mutual Funds

FD vs Mutual Funds: Which is better to Invest?

Money has become an important factor in our daily lives, and with time, our standard of living has increased. With an increased standard of living, the demand and need for money have also increased. Savings in a bank account only gives a little interest payment just as a favour for depositing your money and letting banks lend it.

Finance

Everything About RTGS (Real-Time Gross Settlement)

Fund transfer is not something that is just curbed to the business sector; it has become a necessity everywhere. Nowadays, everyone knows how to transfer funds online, easily from anywhere to everywhere.

Finance

Everything About NEFT (National Electronic Funds Transfer)

Do you recall the days when for every transaction, going to banks was the only option? Taking time out of the occupied calendar for visiting banks was in itself a very big task. Many times people would face difficulties in making financial transactions as some or the other important things or events in their lives collided with the time of making those payments.

Invest

Vijay Mallya Scam: A Story of Luxury, Lifestyle and Greed

The Indian masses' mentality in recent decades, with the advent of globalisation and privatisation, has always enticed them to stay away from risk-associated courses and head towards safer options for jobs. This is why most Indians believe that business (to a large extent) is not their cup of tea.

Invest

The Nirav Modi Scam: All You need to know

"Simple living, high thinking."

What is Overdraft Facility in Banks?

Indian Gold Loan Industry: Who’ll take this Underpenetrated Market?

Uday Kotak : The Wealthiest Banker of Asia

The Actual Cost of No-cost EMIs

What is Repo Rate and Reverse Repo Rate?

All About Rs 7,926 crore Transstroy Fraud

The Relationship Between Interest Rates and Bond Prices

Fixed Deposits: All you need to know

Nationalization of Banks: History of Indian Banks

Difference Between Current Account And Savings Account

Lakshmi Vilas Bank Merger: Factual and Informational Details

Aditya Puri's journey: An 'inspiration' to banking sector

IMPS: All you need to know

FD vs Mutual Funds: Which is better to Invest?

Everything About RTGS (Real-Time Gross Settlement)

Everything About NEFT (National Electronic Funds Transfer)

Vijay Mallya Scam: A Story of Luxury, Lifestyle and Greed

The Nirav Modi Scam: All You need to know

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