India's new tax policy which makes it mandatory to disclose foreign is not so common in developed countries.
Mumbai resident Sumesh Pillai tells us how he panicked when the ATM didn't dispense cash and what happened later.
All payments made via debit and credit cards, net banking and mobile wallets will be entitled to discounts.
Aditya Puri thinks the government is on track.
In an online chat with readers on April 27, Sameer Ratolikar, Chief Information Security Officer, HDFC Bank, answered readers' queries on how to secure their online banking transaction.
Central bank raises red flag, warns of potential risk
Did the transaction fail? Did you receive your money on time?
Thomas Ninad's bank account was defrauded of Rs 14 lakh under mysterious circumstances.
Hours after the government banned Rs 500 and Rs 1,000 notes, Indians are facing an acute shortage of change.
There is a huge gap in service charges on other factors such as penalty on cheque return.
My gamble to stand in the queue and get Rs 500 notes had failed. And only the months ahead will tell us if Modi's gamble will succeed or not.
"The PMJDY has been the foundation stone for the Modi government's people-centric economic initiatives. "Whether it is direct benefit transfers, Covid-19 financial assistance, PM-KISAN, increased wages under MGNREGA, life and health insurance cover, the first step was to provide every adult with a bank account, which PMJDY has nearly completed," Nirmala Sitharaman said on the sixth anniversary of the scheme.
Apart from fulfilling banking services, one can access more than 100 e-commerce sites, book tickets, and even pay for small value groceries through the app. The bank is now proposing to allow other banks to use this to serve their own customers.
SBI had a tough journey in the last 40 years.
But not before the concept clears regulatory roadblocks.
Customers would be able to make money transfers, pay utility bills and recharge their mobile and DTH connections with just one click and a single PIN entry
The Indian financial system's asset quality improved despite the pandemic, but it could be due to special dispensations by the regulator, and banks would likely see increased stress on their books once the schemes expire. According to the annual trend and progress report of the Reserve Bank of India (RBI) released on Tuesday, the data available for this financial year so far indicate that banks' bad debts have moderated while provision coverage ratios (PCRs), capital buffers as well as profitability indicators have improved relative to pre-pandemic levels.
Govt to introduce comprehensive law on black money
Cyber security sleuths have alerted Internet users in the country against phishing attacks from suspect digital signatures which got "unauthorisedly" issued through the state-owned National Informatics Centre.
Details of identity and residence will not be required for exchange of notes between April 1 and June 30.
The finance minister also hinted that not all of the Rs 15.44 lakh crore worth of currency junked will be remonetised through issuance of new notes as he said digital currency will fill the gap.
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
For online fraud, approach cyber cell and file a complaint.
The preference for digital banking now cuts across all customer segments.
'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.'
The people of the nation co-operated and patiently waited for the government's promised "ache din", and now they want their just rewards, says Adhil Shetty.
The Chinese billionaire and founder of Alibaba is said to be planning a significant investment in business to business e-tailing as well as payment services and logistics companies.
To invest in the stock market and buy equity, you need three things
The patience, discipline, and resolve displayed by 125 crore Indians, will play a critical role in shaping the future of the nation for years to come, the PM said.
Payment banks may not be viable option to attain financial inclusion.
High interest rate, policy uncertainty in the year of elections, along with risk aversion led to slow takeoff in credit demand on the corporate front.
'For the next three months or so, the market will go down.' 'Traders do not have Rs 100 notes.'
The last few months have been hard on digital wallets which had a short-lived dream run post-demonetisation.
The data show close to 72.5 million accounts have been opened till November 10 with an average 500,000 opened every day.
According to analyst firm RedSeer, the absence of cash on delivery has hit daily e-commerce sales by 30% over the past few days.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
Lack of awareness about the scheme, especially in villages, has created a situation where expectations are turning into disappointment.
Soon, one will be able to pay utility bills at the local supermarket, while buying groceries, with the RBI allowing the setting up of payment banks.
Distress sales, market closures and anchoring of fishing fleets have been reported from West Bengal, Andhra Pradesh, Tamil Nadu and Kerala.
