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Is UPI the new Rs 2000? Data suggests so, says SBI Against the popular perception that UPI is popular in India’s metros only, data shows that now semi-urban areas are accounting for one-third of the share in value/volume, said SBI in a report.  The top 15 states in India accounted for almost 90% of share in value/volume.  The average ticket ...

Kotak Bank Debit, Spendz Card services will be unavailable during this time [ad_1] Kotak Mahindra Bank has informed its customers via an email that the bank systems will be undergoing a maintenance activity on June 21, 2023. The bank stated in the email: “We would like to inform you that the Bank systems will be undergoing a maintenance activity from ...

Where should you park your funds? Active debt funds,  where the fund manager buys and sells bonds based on assessment of interest rates, prevailing yields and credit risk, dominated the monthly flows in both April and May 2023, dwarfing flows into equity, hybrid and passive funds.  After seeing net inflows of Rs 106,677 crore in April, debt funds saw another ...

Biparjoy Cyclone: LIC announces relaxations for victims of cyclone [ad_1] In order to lessen the miseries of LIC policy claimants and Pradhan Mantri Jeevan Jyoti Bima Yojana beneficiaries affected by the Biparjoy cyclone, LIC has announced concessions.On June 15, 2023, Cyclone Biparjoy hit Gujarat before moving on to Rajasthan. It has left a path of devastation in its wake; there ...

Expedia to stop ‘pay now’ option for foreign bookings Your credit card payments overseas will attract a 20% TCS from July 1 Outward remittances under LRS scheme near $2 billion in Nov: RBI Indians spent nearly $10 billion on foreign travel in April-December TCS Q4 review: Near-term growth to moderate, demand levers intact: Analysts Budget 2023: Understanding 20% TCS on ...

Australia regains millionaire magnet crown Australia is expected to attract the highest net inflow of high net worth individuals in 2023 at 5,200, while the UAE has dropped to second place , following its record-breaking influx in 2022, according to the  Henley Private Wealth Migration Report 2023, which tracks wealth and investment migration trends worldwide. While UAE is still ...

Most loved credit cards for online spends in India Even though UPI is eating into the debit card market, India is on track to achieving the 100 million credit-card milestone this year as  credit cards in force (CIF) reached a record high in April 2023 with 86.5 million cards in circulation, according to a report  by Bankbazaar. Data from ...

FM seeks spotting of credit-deficient districts for financial inclusion File pic | Photo: ANI Twitter Finance Minister Nirmala Sitharaman on Monday suggested identification of credit-deficient districts in each state and carrying out special credit outreach camps there. She also suggested holding a special district level review committee meeting between July 15 to August 15 and inviting MPs from ...

Reports of missing Rs 500 notes based on erroneous information, says RBI India was close to printing Rs 10,000 notes in 2016: All you need to know Provide adequate infra at branches for Rs 2,000 note exchange: RBI to banks RBI asks banks to keep daily data on exchange, deposit of Rs 2,000 notes 50% of Rs 2,000 notes returned ...

Tamil Nadu woos fintech firms; hopes to raise Rs 12,000 cr for Fintech City Tamil Nadu chief minister M K Stalin has laid the foundation for a Fintech City and Fintech Tower in Chennai, targeting an investment of about Rs 12,000 crore in the sector. “We have allotted 56 acres at Nandambakkam in the city. This will attract Rs ...