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Payment without CVV?
CVV is a three digit number printed on the back of debit and credit cards. As per the tokenization guidelines of the Reserve Bank of India (RBI), merc
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Banks start feeling the bite of rising cost of funds
Senior bankers think that the cost of funds will continue to swell for a few more quarters till the repricing of deposit rates that have been rising f
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Credit expansion on an adrenaline rush in June, up 16.2%
Retail loans rose by 20.9% in June 2023 which was a further improvement on the 18.1% growth in June a year ago
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No word from RBI on new CEO: Kotak Bank
Kotak Mahindra Bank has hired an executive search firm. Two of its internal candidates KVS Manian and Shanti Ekambaram are perceived to be among the i
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How small fin banks are paying more
There should not be any concern regarding the security of the deposits with a small ainance bank, as they are regulated and get licence from the Reser
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Which should you opt for, T-Bills or FDs?
T-bills are short term instruments of up to one year issued by the RBI and have the backing of the government of India
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US Fed again raises policy rates by 25bps
The economic forecast prepared by staff for the central bank's June policy meeting anticipated a mild US recession starting later in 2023
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Card spends: Decline in June follows record in May
Expenditure through this plastic route that hit a high of Rs 1.41 lakh crore in May crawled down to Rs 1.37 lakh crore in June – a slide of 2.83%
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Cards are useful, but beware of pitfalls
Credit limit is given based on factors like your income and credit score. Let’s find out how to use credit cards correctly so that you don't get cau
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TCS on foreign card spend likely from April
The Centre issued a notification on May 16 that made the new rates of 20% applicable from July 1. The necessary changes were made under the Foreign Ex
