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As per estimates, only 5 per cent Indians use digital payment modes.

Fund for digital payment infra in cities & towns

Banks will also identify one district in each state or union territory to make it 100 per cent digitally enabled, on a...

5 Oct 2019 1:50 AM IST

Reserve Bank of India

Banks can quote forex rates round the clock

The whole initiative is aimed at reducing the exchange risk for persons resident in India.

5 Oct 2019 1:50 AM IST

The Budget has given priority to agriculture, MSME, NBFC, infrastructure and affordable housing. Reviving business confidence, private capex recovery, manufacturing, have got lower attention.

Microfinance lending limit raised to Rs 1.25L

In case of untoward incidents like natural calamities, this can lead to a spike in delinquencies.

5 Oct 2019 1:50 AM IST

Shaktikanta Das

Cut: Repo by 25 bps, GDP by 80 bps

The reverse repo and marginal standing facility rates are now at 4.90 per cent and 5.40 per cent, respectively.

5 Oct 2019 1:48 AM IST

Some bankers have suggested that RBI has stopped supplying new Rs 2,000 notes.

A Notional Nudge

The repo rate cut of 25 bps to 5.15 per cent announced on Friday is in line with expectations.

5 Oct 2019 1:48 AM IST

After the selection of Member (Non-life), the Insurance Regulatory and Development Authority of India (IRDAI) is all set to appoint the Member (Life) soon.

CVC orders rotation of key insurance officials

Besides, the Commission has also warned officers against receiving from clients costly gifts and undue benefits in the...

5 Oct 2019 1:47 AM IST

Fund managers believe mutual funds, which are considered popular and convenient investment tools, have advocated asset allocation-based strategies to make the journey smoother for investors.

Top 10 MFs have 83 per cent of total AUM

The total AUM of top 10 fund houses out of total 44 asset management companies was Rs 21.48 lakh crore or 83.64 per cent...

5 Oct 2019 1:47 AM IST

Nasscom President R Chandrashekhar told PTI in an interview that a new generation of users and new economic strata that are entering the digital space for the first time have necessitated focused campaigns, which promote awareness around online behaviour and threats.

DSAT test for data science skills soon

DSF will be the independent governing body for building, deploying and constantly upgrading this intervention.

4 Oct 2019 2:06 AM IST

Market watchers expect the slowdown in consumer goods to worsen further in September quarter from the June quarter levels. Volume growth could be the slowest since Q1FY18.

FMCG Q2 volume growth to be slowest in 2 years

Volume growth could be the slowest since Q1FY18.

4 Oct 2019 1:54 AM IST

Term plans, where you get zilch if you outlive the policy tenure, are finally seeing some traction after insurers have tweaked the plans by adding a return of premium feature.

Term plans find traction with money back feature

Max Life Insurance has seen an increase in TROP sales and over half the customer base now wants to buy term products...

4 Oct 2019 1:48 AM IST

E-commerce companies garnered a gross merchandise value (GMV) of $1.8 billion, or Rs 11,500 crore, in the first three days of the six-day Puja season sales.

E-commerce sales garner Rs 11,500 crore in 3 days

According to the consulting firm, e-commerce is supposed to garner $3.7 billion, or Rs 24,000 crore, during the six-day...

4 Oct 2019 1:45 AM IST

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

HDIL directors arrested, assets worth Rs 3,500 crore attached in PMC...

More details awaited.

3 Oct 2019 6:08 PM IST