Category: Banking

Mobile Banking App, a Winner?

In our fast-paced information age, technology and services are driven by convenience and efficiency. This also holds true in the context of banking and most financial institutions have embraced technology to deliver superior customer experiences. One such value-added service offered…

Money Market in India

Money market is the market where short term securities are borrowed and lent. The lending money market institutions are – Banks and Development financial institution PSUs [Public Sector Undertakings] Government of India Private Sector Organizations The Government / Quasi government…

Things to know about Sovereign Gold Bond (SGB) Scheme

The Reserve Bank of India, in discussion with Government of India, has decided to issue Sovereign Gold Bonds. SGBs are government securities denominated in grams of gold and substitutes for holding physical gold. The Bonds will be sold through banks…

Payment Banks – What Payment banks can and cannot do?

Reserve Bank of India on August 19 ‘in-principle’ cleared 11 applicants to start payments banks. This in-principle approval will be valid for a period of 18 months. In this time period these entities has to fulfill all the requirements and…

What Is EVC for Income Tax Return Filing?

Electronic Verification Code (EVC) for Income Tax Return Income Tax Return filed by the taxpayer is treated as valid only when it is verified by the taxpayer. Income tax department has introduced e-verification of returns this year for paperless e-filing…

Why Loan Applications Get Rejected?

If you have put up a loan application with a bank, then they will examine a lot of things before approving you the loan. They examine your income level, your credit score, address etc. to grant the loan. Now I…