The FinTech Hub
Source: Live Mint Have you recently come across a video where Reserve Bank of India Governor Shaktikanta Das is seen giving investment advice? This is another deepfake video intended to trick investors into making investment in fraudulent platform(s). This is not the first time when fraudsters tried fleecing gullible investors with the aid of a…
Source: Live Mint Notwithstanding all the benefits offered by credit cards, the users could face certain issues with regards to hidden charges levied – something they were unaware of earlier. Sounds unfair, right? There are certain laws and guidelines which ensure that the users are told about all the costs involved upfront and there is no…
Source: Live Mint Nearly one-and-a-half years after the Reserve Bank of India (RBI) announced withdrawal of ₹2,000 denomination banknotes on May 19, 2023, the total value of banknotes which have yet not been returned stands at ₹6,977.6 crore as on Oct 31, 2024, shows the RBI data. The latest data revealed that the currency banknotes which have…
Source: Live Mint India’s household savings as a proportion of our GDP is declining. In its latest Financial Stability Report (June 2024), the Reserve Bank of India has also noted that while net financial savings have declined in 2022-23, financial liabilities have gone up thanks to retail loans for consumption and investment. Rise of personal…
Source: Live Mint In 2024, despite the momentum in financialisation, the Nifty Bank index has underperformed, rising only 7% compared to the Nifty 50’s impressive 15.6% gain. This gap signals investor hesitation, with key banking stocks hovering around critical levels in both the public and private sectors. However, many banks maintain solid fundamentals and have…
Source: Business Standard Reserve Bank of India (RBI) Governor Shaktikanta Das (Photo: PTI) 2 min read Last Updated : Oct 14 2024 | 1:57 PM IST Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday cautioned banks on increasing penetration of artificial intelligence (AI) in the financial services globally, saying that it also poses…
Source: Business Standard 4 min read Last Updated : Oct 14 2024 | 1:35 PM IST Shares of Aptus Value Housing Finance India (Aptus) hit a record high of Rs 401.65, as they rallied 11 per cent on the National Stock Exchange (NSE) in Monday’s intra-day trade amid heavy volumes on expectations that the…
Source: Business Standard Reserve Bank of India governor Shaktikanta Das (Photo: Shutterstock) 4 min read Last Updated : Oct 14 2024 | 11:26 AM IST With India being one of the few large economies where there is a 24×7 real-time gross settlement system (RTGS), the feasibility of expanding RTGS to settle transactions in major…
Source: Live Mint The Government of India has announced the buyback of its securities through auction for an aggregate amount of ₹25,000 crore (face value), announced Reserve Bank of India (RBI) on Friday. The G-securities with coupon rate of 7.72 percent will mature on May 25 next year. The securities with coupon rate of 5.22…
Source: Business Standard Last month, Reserve Bank Deputy Governor Swaminathan J had asked SFBs to be vigilant and ensure that risks are mitigated in time. (Source: File Photo) 2 min read Last Updated : Oct 11 2024 | 4:52 PM IST The profitability of small finance banks, measured in terms of return of assets…
