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Public sector banks plan to establish verticals for big data, analytics With an aim to move toward more data-driven decision-making, public sector banks (PSBs) will create specialised verticals for big data and analytics, reported The Economic Times. The move is in response to the government’s order for financial institutions to improve data-driven, integrated, and inclusive banking. Public ...

RBI unlikely to extend card tokenisation deadline despite merchants’ demand India’s central bank is unlikely to extend a Friday deadline for businesses to set up an additional layer of security for consumers’ credit card data even after some concerns remain over payments failing and revenue losses, say bankers and merchants. Despite a demand by smaller merchants to ...

How senior citizen can take back property given via gift deed [ad_1] We often hear or read in newspapers that children have neglected their senior citizen parents. Many elderly parents are sent to live in old-age homes because the children don’t want to take the responsibility of taking care of them. In some extremely sad cases, the children have taken ...

Bank Holiday October 2022: Bank holidays in October 2022: Banks will be closed for 21 days in October, check the full holiday list here [ad_1] October is a festive month in India since it is marked with important celebrations and holidays. In October we have the festivals of Durga Puja, Deepawali, Laxmi Puja, Karva Chauth and many more. On the ...

Rupee within touching distance of 82/$1 as Fed talks up rate hikes The rupee came perilously close to breaching the 82 per dollar mark on Wednesday as comments by various officials of the Federal Reserve suggested that the US central bank’s policy tightening cycle had a long way to go yet. The rupee closed at a new ...

Top 7 investment options for senior citizens who want regular income [ad_1] After retirement, senior citizens usually look for investment avenues offering fixed returns. Here are seven popular investment options that senior citizens can consider for a regular income. Some of these investments also offer income tax benefits to the investors. Senior Citizen Savings Scheme (SCSS) Government-backed Senior Citizen Savings ...

RBI’s rate setting panel starts deliberations; decision on Friday The Reserve Bank’s rate-setting panel on Wednesday started deliberations on the keenly awaited monetary policy amidst expectation of 50 basis points hike in interest rate to check inflation and improve foreign capital inflow to arrest declining value of rupee against the US dollar. The decision of RBI Governor ...

Demat account: How to enable two-factor authentication before Sept 30 deadline [ad_1] The National Stock Exchange (NSE) issued a circular for demat account holders on June 14, 2022, laying out a schedule for implementing two-factor authentication and urging them to finish the process as soon as feasible. Owners of demat accounts must enable two-factor authentication by 30 September 2022, stated ...

Share of industrial loans in bank credit on decline, personal loans up: RBI The share of industrial loans in total credit has been gradually declining over the last decade while that of personal loans is on the rise, the Reserve Bank said on Wednesday. Both industrial and personal loans had nearly 27 per cent credit share each ...

5 money changes that will come into effect from October 1 [ad_1] RBI card tokenisation As per the RBI mandate, from October 1, 2022, full card number, CVV and expiry date and any other sensitive information related to cards cannot be stored by merchants for processing online transactions. According to the RBI, “Tokenisation refers to replacement of actual card details ...