How to transfer money using UPI?
Before discontinuing his services, the former RBI governor, Mr. Raghuram Rajan had given the citizens of India – a parting gift which converts our Smartphones into a Bank using …
RBI stunned all economists, keeps Repo Rate Unchanged
Today, 07 December 2016, Reserve Bank of India in its fifth bimonthly policy review surprised all the economists and analysts by keeping the repo rate unchanged at 6.25%. However …
Decoding RBI monetary policy to be announced on 07 December 2016
Three days after demonetization on 08 November 2016, RBI had come with a measure to suck out liquidity from banks. There had been a deluge of deposits in banking …
Emerging Digital Payments in India
Cash shortage after Demonetisation Rs 500 and 1000 banknotes has effected the entire nation. Long queue outside Banks and ATM shows how day to day life of people is …
Effects of Demonetization in India
On 08 November 2016, Indian Prime Minster, Mr. Narendra Modi announced the demonetization of Rs.500 and Rs.1000 currency notes with effect from that midnight. These two denominations account for …
Security Features of new 2000 Rupee Banknotes
The new 2000 Rupee Bank notes circulated from the 10th of November. The Reserve Bank of India (RBI) revealed the new denomination on the 8th of November, and this …
Old Rs. 500 and Rs. 1000 Notes will be Invalid from 9th November 2016
Prime Minister Mr Narendra Modi announced today that existing denomination of Rupees 500 and 1000 will invalid from midnight of 8 November, 2016 (Tuesday). Though other existing denomination of …
Advantages of Emerging Payments Banks in India
In past few days, internet news agencies and newspapers have been conveying many stories about payment banks. As it is a newly popularized concept for the first time in India, …
MLCR | RBI’s New Lending Rates System on Banking Loans
The Reserve Bank of India has released it’s much anticipated revised guidelines for calculating benchmark lending rates. These guidelines will allow banks to calculate lending rates by basing them …
New Course set by World Bank to deal with Climate Challenges
As we all know that the world is suffering from severe global warming issues. Unpredictable weather and environmental changes have urged the mankind to sit on a table and …