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Bond Exchange Traded Funds

Government of India has decided to appoint advisors for creation of Bond Exchange Traded funds market.   This will be similar to the Stock Exchange Traded Funds market.  This would pave way for enhancement in liquidity under debt investments and expand scope for retail savings.   Further details related to this are: An RFP (Request for Proposal)

Bond Exchange Traded Funds

Government of India has decided to appoint advisors for creation of Bond Exchange Traded funds market.   This will be similar to the Stock Exchange Traded Funds market.  This would pave way for enhancement in liquidity under debt investments and expand scope for retail savings.   Further details related to this are: An RFP (Request for Proposal)

INTEREST BURDEN ON HIGHER COST LOANS

The increased per capita income in our country has paved way for a better financial flow in a middle class family, which in turn has led to a comfortable living style.  Loans are available from various sections of society, which has otherwise paved way for achieving better financial goals, even with limited means, through loans

INTEREST BURDEN ON HIGHER COST LOANS

The increased per capita income in our country has paved way for a better financial flow in a middle class family, which in turn has led to a comfortable living style.  Loans are available from various sections of society, which has otherwise paved way for achieving better financial goals, even with limited means, through loans

GST ON BANKS’ FREE SERVICES

The Directorate General of Goods and Services Tax Intelligence had issued notices atleast to 20 Private, Multinational and Public Sector Banks, to offer explanation as to why Service Tax, Penalty and interest should not be collected from them for the free services like Cash Withdrawal, Four Cheque books in an year, Issue of Free Statement

GST ON BANKS’ FREE SERVICES

The Directorate General of Goods and Services Tax Intelligence had issued notices atleast to 20 Private, Multinational and Public Sector Banks, to offer explanation as to why Service Tax, Penalty and interest should not be collected from them for the free services like Cash Withdrawal, Four Cheque books in an year, Issue of Free Statement

PAYMENT THE GIANT IN UPI TRANSACTIONS

The most preferred Digital Payments platform is PAYTM as on April 2018.  190 Million Unified Payment Interface based transactions were recorded in April 2018 by PAYTM bank which was indeed laudable. The Commerce and Digital Payments Company registered 62.9 million transactions YES Bank recorded 42.4 million transactions This resulted in an overall increase of 6.7%

PAYMENT THE GIANT IN UPI TRANSACTIONS

The most preferred Digital Payments platform is PAYTM as on April 2018.  190 Million Unified Payment Interface based transactions were recorded in April 2018 by PAYTM bank which was indeed laudable. The Commerce and Digital Payments Company registered 62.9 million transactions YES Bank recorded 42.4 million transactions This resulted in an overall increase of 6.7%

Banks Close 2000 ATMs in 10 months

During the period May 2017 to Feb 2018, banks have closed more than 2000 Onsite ATMs across,  which were 1,10,110 in May 2017 and stand at 1,07,600 as Feb 2018.  Thus over 2400 nearly, have been reduced during the period.   However, the SBI offline ATMs were found to be on the increase during the period

Banks Close 2000 ATMs in 10 months

During the period May 2017 to Feb 2018, banks have closed more than 2000 Onsite ATMs across,  which were 1,10,110 in May 2017 and stand at 1,07,600 as Feb 2018.  Thus over 2400 nearly, have been reduced during the period.   However, the SBI offline ATMs were found to be on the increase during the period

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