Most public sector banks, flush with deposits now, offer 3-4% interest on savings deposits, while a few private sector banks go up to 6%.
Fintech players are customising solutions for rural markets and helping SMEs learn how to use the services
Banks might not have realised the exact implication of risky projects under PPP projects, which were getting implemented under high leverage
In the new decade, the scene will change because the banks till recently had been challenged by the fintechs, but the techfins have now entered the arena, observes Tamal Bandyopadhyay.
Paytm plans to induct 5,000 manufacturers and sellers; has started programmes to identify and train new sellers.
With the arrival of new players such as Amazon Pay, Google Tez and Flipkart's PhonePe, digital money companies are now changing their business pitch.
Ayan Pramanik reports on former Infosys CFO V Balakrishnan's fintech firm, which aims to make borrowing easy for small firms and individuals.
A platform that helps retailers reduce failed transactions while keeping the cost down, Innoviti is all set for India's digital payments revolution.
Key questions remain about the operational and financial viability of a completely paperless bank such as India Post, says Mayank Jain.
Chillr recently raised $5 million from Seqouia Capital.
Loan rates will change at the next reset, while deposit rates will continue till maturity.
Have patience and bear with this turmoil. Do not panic. Buy at declines for the long term, says Nirmal Jain.
Today pay-later services are available for practically anything under the sun. And these include small purchases like clothes, gadgets, movie tickets, and even food.
The common denominator: They were predominantly Gujarati, mostly male, and either related by blood or very well-known to Nirav.
The GST Council on Saturday is expected to extend the date for IGST exemption and cess on imports
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.
Recpaitalising banks through taxpayers' money will not solve the NPA problem.
Lender had 5.12 mn cards - almost a third of the total number of credit cards in the industry - at the end of November, 2013.
The largest e-commerce entity of China is setting up its first India office -- an indication that it intends to capture a pie of the growing e-commerce market here. Raghavendra Kamath & Alnoor Peermohamed report.
Sukanya Verma presents the changing faces of Shashi Kapoor.
What connection does Qaumi Tarana -- Pakistan's national anthem, which millions of Indians heard at the Eden Gardens on Saturday -- have to Bombay?
When it comes to celebrating William Shakespeare, can India be far behind?
A small percentage of asset allocation to bitcoin seems like a reasonable gamble, as it could be a major gainer in an uncertain global environment, says Devangshu Datta.
Let start-ups be start-ups until they become grown-ups, let young entrepreneurs be experimental and bold, let VCs do their job, but for God's sake, the nation must prime the real grown-ups to solve the imminent issues., says R Gopalakrishnan.
The index had risen over 585 points in the previous three sessions.
Softening the demonetisation blow, the Budget for 2017-18 on Wednesday halved the tax to 5 per cent on incomes up to Rs 500,000 but proposed a new surcharge of 10 per cent on incomes between Rs 50 lakh and Rs 1 crore and raised duties on cigarettes and pan masala while stepping up allocations for infrastructure, rural, agriculture and social sectors.
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Banking as we know it will stand on its head in the next 10 years.
'Rahul is only making a pathetic public spectacle of his lack of judgment and good sense by hallucinating that somehow, the Congress, or whatever political combine is cobbled together, will displace the BJP at the coming Lok Sabha election by constantly harping on the Rafale deal,' argues retired civil servant B S Raghavan.
Saeed Jaffrey lives on through his versatile body of work.
Blessed with a computer-like brain and an elephantine memory, Anandji Dossa was a pioneer in compiling cricket statistics and scores. Haresh Pandya pays tribute to the modest stats-man, who has passed into the ages.
'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.
Mohenjo Daro takes too long to get there and feels even longer than the time that's passed, feels Sukanya Verma.
While most banks in India store all this data on Indian servers in their core banking systems, the current directive addresses new-age payment and fintech companies operating in the space
The idea was that despite some defaults the high rates would assure good profits.
Want to spend more this festive season on your credit card? This is what it takes...
There is mounting evidence that the Information Revolution may mean the end of large-scale vertically integrated businesses whose guiding principle, "economies of scale", was the defining miracle of the Industrial Age.
Sensex lacklustre, bluechips in focus.
With his versatile talents, Hardik Pandya is the kind of unique cricketer the Indian team has always wanted, writes Dhruv Munjal
Entertainment is best when it isn't trying to force laughs out of us with its desperate attempts at wit, says Sukanya Verma.
Dhoom 3 continues the tradition of extravagance in adventure and expenditure by roping in the fastidious Aamir Khan as its latest star antagonist, writes Sukanya Verma.
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