banking and finance

The RBI will time its regulations in such a way that the industry is allowed to growThe Reserve Bank Deputy Governor T Rabi Sankar said that the RBI is looking at coming out with a regulation for fintech players.The Reserve Bank is looking…

Good or rather best practices in these areas are the key soft pillars which build the edifice of a successful financial institution, more so in these challenging times, Rao said.Financial institutions will need extraordinary amounts of…

The equity-linked savings scheme, or ELSS, is the only mutual fund that is eligible for Section 80C deductions.For FD, the minimum tenure is 5 years, but you can extend it up to 10 years.Under Section 80C of the Indian Income Tax Act, you…

RBI said an analysis of the vintage of frauds reported during 2021-22 and 2022-23 shows a significant time-lag between the date of occurrence of a fraud and its detection. The amount involved in frauds that occurred in previous financial…

Banks also offer various types of loans, such as personal loans, home loans, and business loans, at competitive interest rates. (Representative image)Banking services involves several terms which are technical in nature and difficult for a…

Recently, SBI launched e-Bank Guarantee (e-BG) facility in collaboration with NeSLElectronic bank guarantee: The digital steps in an e-BG includes BG application, preview and confirm.The State Bank of India recently announced the launching…