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1 min read
RBI says bank scam victim compensation increased to Rs 5 lakh after Budget announcement
Soon after the Budget announcement, insurance cover on bank deposits has been increased from Rs 1 l…
2 mins read
India Budget 2020: Bank scam victims are assured of ₹5 lakh instead of ₹1 lakh
“A robust mechanism is in place to monitor the health of all banks and the money of deposito…
3 mins read
Indian cryptocurrency players in huddle as government mulls ban
As India plans to introduce a new law to prohibit all 'private cryptocurrencies' in the country, th…
2 mins read
Indian banks will now have more cash to lend for more reasons than one
The Finance Minister today gave a shot in the arm for public sector banks. They will be given ₹70,0…
3 mins read
India’s largest bank was caught lying about its profits for 3 years but no one got punished, according to an expose
What makes it worse is that all this information is available with the banking regulator, Reser…
4 mins read
Raghuram Rajan believes only a handful of cryptocurrencies will survive the hype — over 400 tokens have hit the dust in the last six months
The former governor of the Reserve Bank of India (RBI), Raghuram Rajan, believes that only a handfu…
4 mins read
Home delivery of alcohol is illegal — anyone telling you otherwise is probably trying to run a scam
If you’re looking to buy liquor during the lockdown — beware. It can understandably get boring as y…
2 mins read
Cabinet clears amendment to banking laws to strengthen cooperative banks
The proposed law seeks to enforce banking regulation guidelines of the RBI in cooperative banks, wh…
PTI
2 mins read
Nirmala Sitharaman balances large doses of Tamil with a Kashmiri poem and Kalidas’ Raghuvamsam
In her maiden Budget in 2019, she quoted a Sangam era poem by Pisirandaiyaar while praising resp…
3 mins read
India sets up a new bank for big infrastructure projects as it aims to raise $41 billion in a few years
India’s Finance Minister Nirmala Sitharaman announced that the Indian government has approved the s…
1 min read
All cooperative banks to come under RBI supervision
The decision assumes significance in the wake of a scam in the Punjab and Maharashtra Cooperative (…
PTI
2 mins read
President promulgates ordinance to bring co-operative banks under RBI supervision
"The Ordinance also amends Section 45 of the Banking Regulation Act, to enable making of a scheme …
PTI
3 mins read
Full text of Porinju Veliyath's latest letter to his investors
Though Nifty has held up, broader markets have shaved off 50% or more in this period. Close to 90% …
2 mins read
Bill to give more powers to RBI to regulate cooperative banks introduced in LS
It also proposed to bring cooperative banks on par with developments in the banking sector through …
PTI
1 min read
Insurance cover on bank deposits raised to Rs 5 lakh effective Tuesday
The deposit insurance scheme covers all banks operating in India, including private sector, cooper…
PTI
2 mins read
Indian banks might never recover ₹68,607 crore of bad loans says RTI data
Prominent RTI activist Saket Gokhale had filed an RTI query with the RBI seeking details of the …
1 min read
Govt mulls raising insurance cover on bank deposits to above Rs 1 lakh: FM
New Delhi, Nov 15 () Finance Minister Nirmala Sitharman on Friday said the government will bring le…
PTI
5 mins read
The recently-concluded Budget session of the Indian Parliament was the least productive in 18 years
If you can call it productivity. In human terms, if an MP in the recent session was given f…
10 mins read
How to hack a bank
And the majority of attacks against financial institutions by other groups of attacks are likely go…
Rob Price
4 mins read
A personal-finance expert grew his bank account from $2.26 to $1 million in just 5 years. He breaks down the mindset shift that sparked his success - and offers advice for getting ahead.
Sabatier concluded: "Financial freedom is not even about having millions of dollars and being to re…