Big Public Sector Banks (PSBs) have shown good recovery progress, after seeing a stressful nine months period covering April to December of the financial year, when compared to the previous financial year covering the same period.   This has boosted the confidence level of the bankers.  The stumbling bad accounts of large borrowers in the form

The Public Sector Bank Punjab National Bank, has now planned to bring around 250 defaulters to the National Company Law Tribunal (NCLT) with a view to recover the over dues.    In line with this, the bank has advised each Circle office to identify at least five defaulters who can be taken to the NCLT.  Punjab

Customers, who regularly use the services of Uber or shopping sites, find it necessary to use multiple wallets.  This is due to the reason, that some merchants are supported only by a specific application. Things are further complicated, since transfer of money from one wallet to another cannot be done easily -or in other words

INTEREST RATE RISK What is Interest Rate Risk? It is the risk which alters the risk, in the interest rates and thus results in reduction of market value of a bond or other securities.  Also, it can be referred to be a part of Market rate risk.  Here the risk factor increases, as the period

In view of the recent Government initiatives, more people opt for digital transactions in our country, for transfer of funds, and other operations, however, the same is still causing issues at various levels.  Recently it was reported that ICICI Bank is blocking transactions through PhonePe, which is an app developed on UNITED PAYMENT INTERFACE (UPI).