A number of cases of suspicious transactions reported by banks jumped from 61,361 in FY 2015-16 to 3,61,214 in FY 2016-17—a rise of 489%.
Its features make BHIM a perfect app for doing routine low-value transactions.
The committee made keen observations about household finances across India and recommended a simple yet extremely effective course of actions to improve the spread of financial services in India.
Demonetisation funnelled approximately Rs 2.8 lakh crore to Rs 4.3 lakh crore into the banking system.
While there’s nothing wrong in using a credit card, indiscriminate use always has downsides.
Leaving money idle in a savings account can now prove inefficient. It is time for savers to seek other options.
Sharply falling inflation, delay in the recovery of private capex cycle and slack in the manufacturing activities called for the RBI intervention.
This Raksha Bandhan, give your sister an unconventional gift that will have a lasting impact on her financial life.
Nearly 8 months on, it seems the introduction of Rs 2,000 notes was a stopgap arrangement.
Carrying the Aadhaar card can be a bit risky. So, the UIDAI has come up with a smart solution...