Community & General Articles

Neo Banks - A New Era in Banking

13 September 2021 9681 Views

A new era in banking is where banking activities are done through a digitized mechanism. Neobanks are fintech firms, that is to say, digital banks without any physical branches.

Will all eligible depositors of banks under directions, moratorium get an interim payment of Maximum of Rs. 5 lacs from DICGC in 90 days?

Posted by Shivaprasad Laxman Chhatre 04 September 2021 1691 Views

The amendment has been made to the DICGC Act,1961 to provide interim payments to depositors subject to certain provisions stipulated in the DICGC (Amendment) Act, 2001.

RBI to impose Penalty Rs.10,000 soon, for non-replenishment of ATMs with cash

Posted by CS Lalit Rajput 04 September 2021 2556 Views

The Reserve Bank of India will start imposing penalties on banks in case the ATMs remain out-of-cash for a total period of 10 hours in a month from October 1, 2021, onwards.

Abrupt Rise In Fuel Prices In India - An Analysis

Posted by Udit Vyas 02 September 2021 1761 Views

The abrupt rise in fuel prices has led to a boom of questions and opinions about the current government, prior government and oil companies. Let us decode why the fuel prices are rising.

Why isnt RBI doing anything about inflation?

Posted by BILAL KHAN 02 September 2021 1661 Views

The CPI stands at 6.26% in June 2021 compared to May 21 of 6.30%. This is over and above the RBI tolerance limit of 2-6%. However, for June 21 the data is provisional.

Women and Financial Anxiety: Are they related?

Posted by Muskan Mudgil 28 August 2021 4984 Views

There is an evident lack of financial literacy in India but various reports and surveys point out that the case is worse for women.

Shall we begin to live again?

Posted by CMA Mrudula M 28 August 2021 2187 Views

According to researchers, Covid-19 may have affected the mental health of adolescent children very badly. Young adults are known to have succumbed to depression as a result of little or no social contact.

NBFC widens the scope of entities which can engage in factoring business via Factoring Amendment Bill 2021

Posted by Tanuj Chandra Saxenaa 25 August 2021 1193 Views

A factoring business is a business where an entity acquires the receivables of another entity for an amount. However, credit facilities provided by a bank is not considered factoring business.

RoDTEP Scheme & Rates: Is it a fit case for invoking writs?

Posted by Vivek Jalan 24 August 2021 1904 Views

RoDTEP is a reform, based on the globally accepted principle that taxes and duties should not be exported, and taxes levied on the exported products should be either exempted or remitted to exporters.