The advent of 2018 has been a bed of roses for the Indian economy. The GDP expanded by 7.2% year-on-year in the last three months of 2017, regaining the title of world’s fastest-growing major economy surpassing the economic rival China by a long margin. Interestingly, it is the strongest...
The telecom industry has been through a rough patch for a while now, since Reliance Jio played havoc with its low-cost data service, incumbent players fumed with insecurities resorting to acquisition and mergers. As non-performing assets (NPAs) pile up, debts sore and smaller players jostle to survive, imminent threats...
Amazon.com, world’s largest e-commerce retailer is constantly diversifying and tapping into new markets outside of its core e-commerce business by introducing new services and products. This company has never failed in making its services convenient and comfortable for its customers. Primarily, it offers its customers with a large variety...
If your father thinks that the best place to park the little savings he accumulated from the fund credited to his salary account is bank fixed/recurring deposit, PPF or post office saving account then we have something to blow your mind today. It has been more 150 years since an...
There are three types of accounts that an NRI can have in India– NRO Account NRE Account FCNR account Let's learn about each one of these: 1) Non Resident Ordinary (NRO) Account As the name suggests, this account is a like an ordinary account bank account that allows an NRI to manage...
Diamond merchant Nirav Modi and an Indian state-owned lender, Punjab National Bank has been in news headlines for a while now. This banking fraud not only raised concerns about the Indian banking sector but has had and will continue to have devastating effects on overall Indian economy. From bank...
The financial market of the country has recently been hit extremely hard by the infamous PNB scam with billionaire diamantine Nirav Modi at the epicenter. While some blame his apparent siphoning of funds on the lack of fraud detection schemes for the PSUs in India, others claim it to...
Punjab National Bank on Monday detected fraudulent transactions worth Rs 11,300 crore at its Brady House branch in Mumbai. The PNB in its cautionary note to other public and private sector banks said that the suspected fraud was carried out by the perpetrators in collusion with the staff....
"Incorporated as a Public Sector Bank under the Department of Posts with 100% GOI equity, IPPB has launched on January 30th, 2017 in Ranchi and Raipur with the objective of being present in all corners of India by the end of the year. For now, IPPB is offering Savings...
Petrol is one of the commodities in India which has been kept out of recently introduced GST or the Goods and Service Tax ambit. In fact, there is a whole different structure of petrol pricing in India because of which Indians are paying more taxes than the cost of...