Federal Bank, a leading private sector bank based out of Kerala, has inked an agreement with Transfast Remittance LLC, a leading provider of cross-border payment solutions, to provide inward remittance services to the bank’s NRI customers. Tansfast Remittance boasts an operations network than spans over 120 countries in Africa, Europe, Asia and North America. As […]
There is a financial emergency of a family member staying overseas and you need to remit money overseas via your Indian savings bank account. You know you need to have it done smoothly and quickly, but you may not necessarily know how exactly to go about doing the transfer -what the associated rules and regulations, […]
With India’s growing economy coupled with a growing number of salaried individuals with disposable incomes, the demand for all sorts of luxury goods is on the rise. Among other things, the sale of premium automobile variants is seeing a major boost. Banks are fuelling this penchant for aspiring automobile owners by gladly extending loans at […]
India is witnessing a growing incidence of credit card scams in online transactions. According to the 2015 ASSOCHAM-Mahindra SSG Report,about 13,300cyber crimes were reported in 2011, and this number shot up to 3,00,000by 2015. Of these reported cyber crimes, debit and credit card frauds topped the list, seeing a six-fold increase between 2011 and 2015. These […]
Electronic money, such as a credit card is a great facility today. From planning a lavish vacation to extravagant online shopping, credit cards serve a great purpose. By efficiently using credit cards, you can not only save money but also benefit from the reward points and cashback offers available! But for that, you will have […]
Small bank licensee, Ujjivan Financial Services Ltd, plans to open 100 bank branches in order to meet the regulatory norms of a small bank license. Ujjivan’s Rs 885-crore IPO was fully subscribed by 122% on May 2, the last day of its public issue. Although the RBI regulations require Ujjivan to have at least 25% […]
State Bank of India (SBI), the largest public sector bank in India, is expected to initiate a merger with its 5 associate banks in accordance with the instructions of the government. This step would be in line with the Indian government’s efforts to implement consolidation among state-owned lending institutions such as SBI and its associates. […]
Toyota Kirloskar Motor Pvt. Ltd. (Toyota), the India-based subsidiary of Toyota Motor Corporation of Japan, is all set to launch its new Toyota Innova Crysta in the first week of May. Though the official unveiling of the vehicle hasn’t occurred as of yet, a number of images and details of the new vehicle are available […]
A financial goal that transcends all regions and communities is that of owning a home. Once the required financial planning is done and necessary savings accumulated, the next question is whether to buy an apartment or an independent house.
The other day Mr. Sharma, the general manager in a private company, reached for his wallet and realised that he had lost it. His wallet contained credit cards from three different banks and two debit cards. A methodical approach after this would have been to call up each bank and report about the missing cards. […]
