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FALAKNAAZ SYED
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    However, like most financial instruments, add-on credit cards comes with its share of pros and cons.Business
    Credit card spends, transactions decline in January

    All large players reported a decline in monthly spends per card with the highest fall seen by IndusInd Bank

    9 March 2022 9:45 AM IST

    Payments on UPI in June hit an all-time high. (PTI Photo)Business
    RBI launches UPI for feature-phone users

    UPI is gaining popularity and is becoming one of the most preferred methods of digital transactions in India

    9 March 2022 9:36 AM IST

    LIC rescued IDBI Bank in 2019, infusing Rs 4,743 crore in October 2019 while the bank further raised Rs 1,435.1 crore in December 2020 via a qualified institutional placement. (Representational image/ Financial chronicle)Business
    LIC may not fully exit IDBI Bank

    While the government holds 45.48 per cent stake in IDBI Bank, LIC owns 49.24 per cent stake in the lender

    22 Feb 2022 12:37 AM IST

    Reserve Bank of India announced a slew of measures to maintain market stability. (PTI Photo)Business
    RBI Deputy Governor calls for outright cryptocurrency ban

    Crypto-technology is underpinned by a philosophy to evade government controls, says deputy governor T. Rabi Sankar

    15 Feb 2022 9:29 AM IST

    An elevated inflation rate is also a cause of concern for the RBI, though it has decided to accord priority to economic growth in the near future. (AA file Photo)Business
    MPC may hold back rate hike

    Policy normalization is set to commence in April with a stance change and reverse repo hike

    7 Feb 2022 2:02 AM IST

    Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds.India
    RBI to issue Digital Rupee in FY23-Sitharaman

    Digital currency will also lead to a more efficient and cheaper currency management system

    2 Feb 2022 9:10 AM IST

    Sitharaman said, \Introduction of Central Bank Digital Currency (CBDC) will give a big boost to the digital economy. (PTI Photo/ Shahbaz KhanBusiness
    RBI to issue Digital Rupee in FY23: Sitharaman

    Digital currency will also lead to a more efficient and cheaper currency management system

    2 Feb 2022 7:34 AM IST

    Currently, post offices provide savings account services and payments bank services through the India Post Payments Bank. (Representational Image/DC)Business
    Post offices to be linked to bank network, ATMs

    The minister also announced setting up 75 digital banking units (DBUs) in 75 districts by scheduled commercial banks

    2 Feb 2022 6:49 AM IST

    Finance Minister Nirmala Sitharaman in the Lok Sabha during Budget Session of Parliament. (Photo: PTI)Business
    Decks cleared for bad bank to start

    A total of 38 large stressed accounts aggregating to Rs 82,845 crore have been identified for transfer to the NARCL

    29 Jan 2022 8:41 AM IST

    While a large number of death claims continued to be reported during the first two quarters of 2021-22, the potential claims from the current omicron third wave has shown reduced severity of the disease. By arrangementBusiness
    Insurers tighten rules, raise rates

    Data from the IRDA of India shows the death claims from both individual and group policies combined rose by 41 per cent...

    21 Jan 2022 7:32 AM IST

    An elevated inflation rate is also a cause of concern for the RBI, though it has decided to accord priority to economic growth in the near future. (AA file Photo)Business
    RBI may keep rates on hold

    The six-member rate setting panel (MPC) is meeting for three days starting Monday with the outcome being announced on...

    6 Dec 2021 2:29 AM IST

    Anil Ambani , CEO , Reliance Communications. (PTI Photo)Business
    RBI appoints advisory panel to assist R-Cap administrator

    The members: Sanjeev Nautiyal, ex-deputy MD, SBI; Srinivasan Varadarajan, ex-deputy MD, Axis Bank, Praveen P. Kadle,...

    1 Dec 2021 10:47 AM IST

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