11 FAQs answered on tokenisation of credit, debit cards [ad_1] [ad_2]

Indian rupee tipped to fall further after reaching record low: Analysts The Indian rupee is likely to fall further after hitting a record low to the dollar on Thursday as the U.S. Federal Reserve hinted at more aggressive rate hikes to tame inflation. The rupee opened at a record low of 80.2850 per U.S. dollar, down from ...

Govt hikes gold, silver hallmarking charges; here are the details of new charges [ad_1] Getting your gold, silver jewellery hallmarked has become dearer. This is because the government has hiked the charges of gold and silver hallmarking by Rs. 10 per piece in each case. As per a notification issued by the Bureau of Indian Standards (BIS) on March 4, ...

Banking system liquidity may remain in deficit in second half: Analysts Liquidity in India’s banking system is likely to remain in deficit in the second half of this financial year as credit growth picks up and the circulation of currency notes rises, analysts said. The country’s banking liquidity slipped into deficit on Tuesday for the first time ...

Why are government and regulators uneasy about fintech’s rise? Taking note of a host of complaints, the Reserve Bank of India had come out with the first leg of the digital lending norms in August. It allowed loan disbursals only by entities regulated by the banking regulator. The government too recently launched a cracked down on several illegal ...

Rupee sheds 0.3% as US dollar soars ahead of Fed’s policy statement The rupee weakened 0.3 per cent versus the US dollar on Wednesday as the greenback strengthened globally ahead of a likely 75-basis-point rate hike by the US Federal Reserve, dealers said. The rupee settled at 79.98 per US dollar as against 79.76 per dollar at ...

Idea is to generally link credit cards with UPI: RBI executive director While the Reserve Bank of India (RBI) has started linking credit cards with Unified Payments Interface (UPI) and RuPay credit cards, in all probability the central bank will allow the same for other card networks such as Visa and Mastercard, too. Speaking at the Global ...

SBI raises Rs 4,000 crore via tier-2 bonds at cutoff rate of 7.57% The country’s largest lender, State Bank of India, announced on Wednesday that it has raised an amount of Rs 4,000 crore through tier-2 bonds at a cutoff rate of 7.57 per cent. “The issue attracted an overwhelming response from investors with bids of Rs ...

TMB stock ends flat as RBI rejection of proposed chairman has little impact The stock of Tamilnad Mercantile Bank (TMB) closed flat today, perhaps taking in its stride the Reserve Bank of India’s rejection of the private lender’s proposal to appoint board member B Vijayadurai as its chairman. The bank said in filing with BSE last night ...

Can Sukanya Samriddhi Yojana (SSY) account be closed before maturity? [ad_1] Sukanya Samriddhi Yojana account is a special scheme for a girl child that aims at securing her future financially. By investing in the SSY scheme you can get section 80C income tax benefits and the returns are also tax-free. When can the account be opened? When opening a Sukanya ...