e-Kuber to be functional on March 31 for govt transactions, says RBI Reserve Bank of India’s core banking solution for the government e-Kuber will be functional on March 31, 2024, which is a Sunday. Usually e-Kuber is not operational on holidays like January 26 (Republic Day), August 15 (Independence Day), and October 2 (Gandhi Jayanti), all second and fourth Saturdays ...

Current account deficit widens to 1.1% of GDP in June qtr at $9.2 bn RBI says widening due to higher trade deficit, lower surplus in net services and decline in private transfer receipts

Fintech firms rush to make tweaks as new data protection law looms Fintechs, banks and non-bank financial companies (NBFCs) will have to redraw their contracts with their business partners with whom customer data gets shared

How falling household savings affect the economy [ad_1] The financial savings of households crashed to a multi-decade low in 2022-23 due to higher inflation. ET Wealth analyses the impact. Fall in overall savings rate is cause for concern WHY DO SAVINGS MATTER? Consumption and investment are major components of national income. Savings generate funds for investment and support national income. ...

Fund review: HDFC Small Cap fund Fund review: HDFC Small Cap fund

Massive write-offs, low recovery ailing banking sector: Amit Mitra Principal chief advisor to West Bengal chief minister Amit Mitra said on Thursday that massive write-offs in the last nine years and low recovery is presently ailing the banking sector of the country. Speaking at a CII banking session here, Mitra said that in the last nine years from 2014-2023, Rs ...

RBI extends last date for exchanging Rs 2,000 bank notes to Oct 7 RBI says 96% of the Rs 2,000 banknotes in circulation as on May 19, 2023, has since been returned

Banks to continue accepting Rs 2,000 note till October 7, says RBI From October 8 only RBI Issue Offices to accept the notes

Depositors' trust is with banks, not fintech cos: Mastercard India chief Chairman of Mastercard India Rajnish Kumar on Thursday said that the trust of the depositors is with the banking system and not with fintech companies. Speaking at the CII banking conclave here, Kumar, also the former chairman of the State Bank of India (SBI), said that what the fintech ...

Rupee appreciates 9 paise to 83.10 against US dollar in early trade The rupee rose 9 paise to 83.10 against the US dollar in early trade on Friday amid a retreating dollar versus major rivals and positive cues from equity markets. Massive selling of equities by foreign investors and an upward trend in crude oil prices, however, capped the rise ...