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RBI, Govt working on CBDC for payments abroad
CBDC is being issued in the same denominations as the paper currency and coins and is being distributed through banks
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Get money from Singapore directly into account
Indians can now receive remittances from Singapore directly into their bank accounts on real-time basis through major UPI and bank apps, like SBI, Axi
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RBI fines ICICI, Kotak Mahindra Bank
The Reserve Bank on Tuesday said it has imposed a penalty or Rs 12.19 crore on ICICI Bank and Rs 3.95 crore on Kotak Mahindra Bank for non-compliance
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Savings funds now moving to FDs
Customers are increasingly shifting money from savings accounts to fixed deposits (FDs) as the interest rate differential between the two is widening.
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Banks' quick response on QR code front
An increasing number of banks are reluctant to let customers move out of their ecosystem and allow the fintech entities partake of the gains. Banks no
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Credit is king as debit cards humbled by UPI
The use of credit cards zoomed 20% in the last one year, debit cards shrunk as much as 31%.
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Eating out may become cheaper now!
Coal India stock available at Rs 5 discount; ICRA pegs IT sector’s FY24 revenue growth in single digits; You will be surprised when restaurant hands
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Get more from HDFC Bank’s special FD scheme
If you are planning to invest in FDs, HDFC Bank has introduced two special FD schemes that offer attractive interest rates
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Large caps below par on rule changes
In 2017, SEBI made it clear that large-cap funds should invest at least 80% of their assets in large-cap equities
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These three banks postpone credit card-UPI marriage date
Bank account holders of State Bank of India (SBI), Axis Bank and ICICI Bank will be unable to make UPI transactions through credit cards for now.
