Rupee falls 14 paise to 64.52 as RBI keeps rates unchanged, raises inflation forecast

The rupee weakened further by 14 paise to close at 64.52 against the US dollar after the Reserve Bank decided to keep rates unchanged and raised the inflation forecast on Wednesday. Besides, heavy capital outflows in anticipation of rate hike by the US Federal Reserve and a strong dollar overseas largely ruled forex market sentiments. Though the RBI’s More...

by Loknath Das | Published 2 months ago
By Loknath Das On Saturday, December 9th, 2017
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Bitcoin soars to $19,000 then falls back to $16,000; banks raise risk concerns

Even by bitcoin standards, Thursday was a wild ride. With a few hours, the volatile digital currency surged above $19,000, dropped back below $16,000, and then see-sawed before settling in just above $17,000 late More...

By admin On Thursday, December 7th, 2017
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Pros of Online Banking

Online banking refers to a computerized service that allows customers to access the bank services online on their phones or computers using internet such aschecking the status of their account and transaction history. More...

By Loknath Das On Friday, December 1st, 2017
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‘Open banking’ holds promise but cybersecurity fears loom for Canadian banks

As banks work to fortify their cybersecurity defences amidst a growing number of data breaches, they are also exploring the promise of so-called ‘open banking,’ a concept that could finally disrupt More...

By Loknath Das On Friday, December 1st, 2017
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How Paytm Payment Bank, Airtel Payment Bank are different from normal banks

Digitalization has taken the center stage now more than ever. Banking and all other kind of financial services has made its presence in the digital space and it’s growing every day; and the introduction of More...

By Loknath Das On Friday, December 1st, 2017
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Why the big four asked for a parliamentary inquiry into banking

The banks have themselves called for an inquiry into banking and financial services. AAP The major Australian banks are following familiar public relations tactics in requesting a parliamentary commission of More...

By Loknath Das On Sunday, November 26th, 2017
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Michel Longhini: «Applying Nudge Theory to Private Banking»

The 2017 Nobel Prize for Economic Sciences was awarded to Richard Thaler, one of the founding fathers of behavioral economics. As a result, nudge theory, as popularized in 2008 by his hugely successful book «Nudge», More...

By Loknath Das On Sunday, November 26th, 2017
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How do they meet holiday expenses?

A week or two every year in a scenic hill station, a beach resort or other exotic locales is a must-have break for most families.But how do they meet their vacation expenses – does this come out of a vacation More...

By Loknath Das On Sunday, November 26th, 2017
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RAKBANK introduces an easy way to start saving

With a minimum tenor of 12 months and a maximum of five years, the Recurring Deposits account is particularly ideal for customers that are planning to practice financial discipline, receive guaranteed returns, More...

By Loknath Das On Friday, November 24th, 2017
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Insurer Aviva India Turns To PSU Banks On Recapitalisation Plan Boost

Aviva Plc’s India life insurance joint venture is raising its exposure to the country’s state-run banks as it bets the government’s $32 billion plan to rescue lenders burdened with record bad More...