Opinion | Why India needs to promote savings culture
Photo: iStock A senior citizen recently remarked that these days banks only contact you for loans as compared to 3-4 decades back when banks reached out to customers to garner deposits. I couldn’t agree more. Whenever I visit any ATM, I find advertisements of various types of loans, especially personal loans and home loans. Seldom does one find More...
Post Office Savings Account Vs IPPB Regular Savings Account: 5 Things To Know
Deposits in a Post Office Savings Scheme account and an IPPB account earn an interest rate of 4% Want to open a savings bank account at the post office? For opening a regular savings account, you have two options. India More...
Cash still the king. Cash savings highest in a decade
The surge in cash savings at the cost of deposit growth has helped prop up financial assets, according to RBI. Demonetisation seems to have had no impact on cash savings by the Indian household, Savings are again More...
This week in banking: Cash remains the king post demonetisation, says RBI
Whether demonetisation was a success or failure, today, cash remains the king as there is more of it in the economy than there was on November 8, 2016. Indian households are saving more now, a large part being More...
Explained: Post office savings accounts vs India Post Payments Bank account
All of India’s 1.55 lakh post offices will be linked to the IPPB system by December 31, 2018. (Photo: GettyImages) On Saturday, Prime Minister Narendra Modi launched the India Post Payments Bank (IPPB). More...
Banking: No Longer Business As Usual
Many believe we are in the midst of a fourth industrial revolution. The first industrial revolution (18th and 19th centuries) moved us from a prominence of farming to a more industrial existence and the introduction More...
CBI looks for banking, tax experts to help probe into multi-crore scams
Some former top RBI officials are also under the scanner of the CBI for alleged financial frauds. NEW DELHI: The Central Bureau of Investigation (CBI), which is probing the over Rs 13,000 crore Punjab National More...
Better banking ahead
With major public sector banks posting hefty losses in the midst of rising non-performing assets, the process of cleaning up of balance sheets has reached the tipping point. Efforts to detoxify balance sheets of More...
LIC gets Irdai nod to buy 51% stake in IDBI Bank: Report
Insurance Regulatory and Development Authority of India (Irdai) on Friday permitted Life Insurance Corporation of India (LIC) to buy up to 51 per cent stake in the debt-ridden IDBI Bank Ltd, sources said. The decision, More...
Quarter million still using password cards to log into online banking
Bank password cards will soon be a thing of the past in Estonia. Source: (Aili Vahtla/ERR) Approximately 250,000 people in Estonia are still using password cards exclusively for authentication when logging More...