MobiKwik' Pocket UPI' to allow wallet payments without linking to bank This latest feature is aimed at creating more security and flexibility during transactions by mitigating risks associated with direct bank transfers

Borrowing cost for states decline for third week in a row to 7.44% The borrowing cost for states continued to fall for the third week in a row, with the weighted average price falling to 7.44 per cent in the debt auction on Tuesday. The cost had remained at a two-year high throughout January sniffing at 7.8 per cent. However, ...

Unsecured loan growth remains strong despite hike in risk weights Recently, the RBI reiterated its concern on the elevated unsecured lending portfolio of banks in its Bulletin

Corporate bonds witness strong demand in February as yields soften Market participants expect that states’ borrowing for both the current quarter and the entire financial year will be significantly lower than the calendar projections

higher eps pension: Will higher EPS pension dream collapse due to EPFO’s new calculation rules? [ad_1] Applicants for higher pension under the Employees’ Pension Scheme (EPS 95) may be in for a rude shock as there have been media reports that the EPFO is promoting a new rule to calculate the higher pension. The purported rule is based on giving ...

Family of deceased housewife wins Rs 6 lakh in SC; Homemaking not a valid ground for low payout to accident victim [ad_1] Losing a homemaker could be a big traumatic experience for any family. However, when it comes to calculating the financial loss for awarding compensation, the contribution of a housewife is often underestimated. The recent judgement by the Supreme ...

Sikkim govt to create fixed deposits of Rs 10,800 in name of newborns Sikkim Chief Minister Prem Singh Tamang on Monday announced a new scheme under which the government will make a fixed deposit of Rs 10,800 in the name of a newborn. Addressing the ‘Jan Bharosa Sammelan’ in Soreng district, Tamang announced the ‘Sikkim Sishu Samriddhi Yojana’ ahead of ...

RBI lifting curbs on forex non-deliverable forward arbitrage by banks Arbitrage trades allow investors to benefit from the price differences of securities in different markets but can exaggerate price trends

Rupee appreciates 2 paise to 82.89 against US dollar in early trade The rupee appreciated 2 paise to 82.89 against the US dollar in early trade on Monday on the back of foreign funds inflow and retreating crude oil prices in the overseas market. Forex traders said subdued equity market sentiment and strengthening American currency weighed on the domestic unit. ...

25% urban Indians have no life insurance, GenZ least secure financially: Survey [ad_1] Despite high awareness, term plan ownership is low among urban Indians, shows a Max Life Insurance survey. The Max Life Insurance India Protection Quotient 6 survey was done in partnership with Kantar. The survey was conducted among 4,700 urban Indians across 25 cities. IPQ is the degree ...