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PAYMENTS BANKS Vs. SMALL PSBs

Public Sector Banks are again in the news.  How?  A Reserve Bank of India report reads that the volume of point-of-sales based transactions (POS) done by various debit card users of three payment banks viz Airtel Payments Bank, Fino Payments Bank, and Paytm Payments Bank are more than the those of Small Sized Public Sector

PAYMENTS BANKS Vs. SMALL PSBs

Public Sector Banks are again in the news.  How?  A Reserve Bank of India report reads that the volume of point-of-sales based transactions (POS) done by various debit card users of three payment banks viz Airtel Payments Bank, Fino Payments Bank, and Paytm Payments Bank are more than the those of Small Sized Public Sector

Facelift for NBFCs Facing Liquidity Crunch

India’s largest lender State Bank of India has come out with the proposal to buy quality assets worth Rs. 45,000 crore from NBFCs who are facing liquidity crunch. In the fear of managing their Assets and Liabilities, many banks are fearing to extend lending at present. At this stage, SBI the largest Indian Bank, has

Facelift for NBFCs Facing Liquidity Crunch

India’s largest lender State Bank of India has come out with the proposal to buy quality assets worth Rs. 45,000 crore from NBFCs who are facing liquidity crunch. In the fear of managing their Assets and Liabilities, many banks are fearing to extend lending at present. At this stage, SBI the largest Indian Bank, has

Rupee Slumps against Dollar

Indian Rupee against dollar faced a new crash to stand at Rs. 74.3935 in an intraday trade before staging a mild recovery to close at an all-time low of Rs. 74.3935.  The reasons attributed for the fall is Deepening concern over India’s current account deficit General outflow of funds Continued pressure from Reserve Bank of

Rupee Slumps against Dollar

Indian Rupee against dollar faced a new crash to stand at Rs. 74.3935 in an intraday trade before staging a mild recovery to close at an all-time low of Rs. 74.3935.  The reasons attributed for the fall is Deepening concern over India’s current account deficit General outflow of funds Continued pressure from Reserve Bank of

DIGI LOCKER APP

Are you worried about carrying your licenses and vehicle papers, when you are on travel? Here is a write up on the above which is of course very interesting. Initiatives: Government of India has now integrated DIGILOCKER , which is the country’s first secured cloud-based platform for storage, issuance and verification of documents -with the

DIGI LOCKER APP

Are you worried about carrying your licenses and vehicle papers, when you are on travel? Here is a write up on the above which is of course very interesting. Initiatives: Government of India has now integrated DIGILOCKER , which is the country’s first secured cloud-based platform for storage, issuance and verification of documents -with the

IL&FS Group in Troubled waters

IL & FS group (Infrastructure Leasing and Finance) is suffering from huge loss of Rs. 91,000 crore and the only way to come out to sell the assets and raise funds.  Out of this around Rs. 57,000 is from Public Sector Banks.  Latest news: Government has taken control of IL & FS Group after obtaining

IL&FS Group in Troubled waters

IL & FS group (Infrastructure Leasing and Finance) is suffering from huge loss of Rs. 91,000 crore and the only way to come out to sell the assets and raise funds.  Out of this around Rs. 57,000 is from Public Sector Banks.  Latest news: Government has taken control of IL & FS Group after obtaining