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BANKING

Getting Started:
Banking is a system of trading in money which involves safeguarding deposits and making funds available for borrowers. Broadly, a bank is any financial institution that receives, collects, transfers, pays, exchanges, lends, invests, or safeguards money for its customers. The essential role of a bank is to connect those who have capital (investors or depositors) with those who seek capital (those wanting a loan).

KAPIL GUPTA, EDELWEISS SECURITIES
We foresee a 25 basis points cut in repo rate in the forthcoming monetary policy review on October 4. Recall, that RBI maintained status quo in August, citing rise in inflation and READ...
STAFF REPORTER
The tax-free bond issue of Rural Electrification Corporation got oversubscribed four times its issue size this week. The top-rated issue, however, offered yields at 7.43 per ce READ...
STAFF REPORTER
With banks reducing their base rates, home loan rates will start falling in the days ahead. While this is good news for new home loan customers, people who are already paying home READ...
STAFF REPORTER
The average Indian has a natural inclination to put all his money in fixed income instruments, mostly bank fixed deposits. It’s only recently that some risk-taking individuals ha READ...
STAFF REPORTER
Retirement fund body EPFO has settled 11.56 lakh claims, including for PF withdrawals, in the month of July. Of the total 11.56 lakh claimes, 97 per cent cases were settled in the READ...
STAFF REPORTER
Retirement fund body EPFO has started taking legal action against employers who are not complying with its guidelines on the Universal Account Number (UAN) for employees, an offici READ...
STAFF REPORTER
ICICI Bank has launched a new scheme under which it will offer loans of up to Rs 15 lakh at base rate -- the minimum lending rate -- in rural areas. The bank has linked up the r READ...
STAFF REPORTER
The average Indian has a natural inclination to put all his money in fixed income instruments, mostly bank fixed deposits. It’s only recently that some risk-taking individuals ha READ...
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