MCLR-linked loans are more responsive to RBI's rate movements, and rate cuts may be transmitted to borrowers in a manner useful to them.
Bengaluru resident Krishnan H tells us about a State Bank of India ATM counter where most of the machines are dysfunctional.
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Banking as we know it will stand on its head in the next 10 years.
The NITI Aayog may want us to believe this is one of the easiest payment systems in the world, but Tinesh Bhasin decodes the many unanswered queries and concerns involving the United Payments Interface.
The Department of Post, Tech Mahindra, Videocon Group and stock exchange NSE have joined big corporates like Ambanis and Birlas to seek entry into banking business through newly created niche category of Payments and Small Finance Banks.
At ATMs, as a step to avoid getting Rs 2,000 notes, people are withdrawing Rs 1,900 in Rs 100 notes and then putting another request for the balance Rs 600, so that they remain within the limit of Rs 2,500 per day of withdrawal.
Going by the strict criteria set, only Maharashtra, Tamil Nadu, Gujarat, Karnataka, Uttar Pradesh, Andhra Pradesh, Madhya Pradesh, and Haryana qualify for such extra borrowing, as of now.
The new regulations leave registration capital requirements for wholly foreign-owned banks unchanged
Did the transaction fail? Did you receive your money on time?
Top ten banks of the world includes 4 from the USA, 4 from China and one each from the UK and Australia
Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
Government's financial inclusion mission is well intentioned, but it may be putting a severe strain on the banking sector.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The preference for digital banking now cuts across all customer segments.
Any saving on the car loan EMI can translate into major savings.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Rediff readers share their Cash Crisis experiences.
'There are a lot of positive things these reforms are bringing about and it is only a matter of some quarters before the growth rate picks up momentum.' 'Until then we need to be a little bit patient.'
'At this time, staying in the game is more important.' 'If we do that, then wealth can be generated.'
Launching a scathing attack on Prime Minister Narendra Modi, Opposition parties on Wednesday alleged that selective leak of information on demonetisation of 500 and 1000 rupee notes to 'friends of BJP' and demanded making public the names of those who had bought gold and foreign exchange of over Rs 1 crore since April.
The yellow metal is a safe bet in the long run.
Watal panel had suggested an independent payments regulator be set up.
Jaitley's Budget has the potential to change the face of Modi's Bharat
