The temptation to get into businesses that are hot is perhaps too great for any politician, no matter what his public slogans are. Nehru plunged into hot sectors of his time -- engineering and iron and steel. Modi has plunged into digital payments -- the hot sector of his time, notes Debashis Basu.
Shine Jacob & Karan Choudhury highlight the red flags raised by the Controller General of Accounts.
In the excitement over the allocation of bank licences for the private sector, a new category of licence offered by the Reserve Bank of India (RBI) last year went almost unnoticed. That was when the RBI consolidated the rules for prepaid payment instruments (PPI), popularly understood as e-wallets or gift cards. In the process, the regulator has fast-forwarded a bottom-up card usage industry in India that is completely different from the world of bank-linked credit and debit cards.
As you swipe your credit/debit card with carefree abandon at merchant outlets, banks are losing money to the tune of Rs 3,800 crore annaully, says Soumya Kanti Ghosh
'The focus needs to shift towards the ability to collect payments, particularly in tier-3 to tier-4 areas where acceptance is still lacking.'
'This was earlier driven by industries and the commercial sector.'
'If you wish to make a big-ticket purchase on EMI without having to pay additional charges, no-cost EMI would be the right choice for you.'
At a time when the Modi government is attempting to push cashlessness with coercive means, Devangshu Datta explains why cash usage is popular even in nations with good cashless infrastructure.
The bank lost out on fairly meaningful quantum of fees from point of sale terminals and ATM usage during the demonetisation exercise.
Arundhati Bhattacharya talks about SBI's strategies, its aim to be among the top 30 banks globally, and stressed assets resolution.
BJP's total silence on Delhi statehood is intriguing.
Heading to the third year, will Urjit Patel be busy firefighting a currency crisis? Almost no governor of the RBI managed to evade it and Patel perhaps knows it.
High return rates in the e-commerce space are making a dent in the margins of e-retailers.
Digital payments and financial services firm Paytm is likely to allocate shares at the upper price band of Rs 2,150 apiece on November 16 after market regulator SEBI's approval which is expected to come on Monday, sources aware of the development said. Earlier the allocation was expected to take place on Monday and the Paytm Money app also displayed the same.
It's not easy to ignore the newspaper ads with Diwali offers.
In a short span of time, with the help of Amazon, Cloudtail was able to devise a model that could protect it from the vagaries of online retail business.
Live commerce, quick commerce, group buying, WhatsApp commerce, dukaantech have made their mark.
'You should be able to juggle them, extract the most rewards out of them, and most importantly, be able to repay your dues on time.' 'However, you shouldn't try to get multiple cards at once,' advises Adhil Shetty, CEO, BankBazaar.com.
For those who are sceptical about using debit or credit cards, even when faced with cash crunch, Adhil Shetty, CEO of BankBazaar.com, lists out a few safe cashless options that can be exercised through mobile phones.
Loan rates will change at the next reset, while deposit rates will continue till maturity.
Rajesh Bhayani highlights all that you need to know about the online currency.
Travel cards are like debits cards-loaded with the currency of your choice or which the lenders offer.
With a surge in users and transactions in two weeks, payment wallets step up cashbacks to get more users online.
While some are relatively new in this business, Vodafone, which has 1.8 million touch points in the country, has been offering basic banking and payment services through its pre-paid mobile digital semi-closed wallet called M-Pesa since 2012.
Have patience and bear with this turmoil. Do not panic. Buy at declines for the long term, says Nirmal Jain.
Ayan Pramanik reports on former Infosys CFO V Balakrishnan's fintech firm, which aims to make borrowing easy for small firms and individuals.
The Reserve Bank of India's latest data indicate that spending per card is rising steadily - something that consumers should worry about
Radhakishan Damani is the only billionaire to see his wealth grow by around 20% during the lockdown.
In the previous Budget, the government had come out with a similar scheme.
Aditya Puri thinks the government is on track.
Though e-commerce opens a new world for the handicraft industry, empowering craftspersons still remains a real challenge.
LocalOye is a Bengaluru-based marketplace for local household and personal service providers.
Yes, if you follow certain safety measures, says Shruti Puri. Here are some rules you must follow.
It's not e-retailers alone. Bankers are also celebrating initiatives like 'Big Billion Day Sale' this festive season.
