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Why Banks are preferring UPI for ATM cash withdrawal instead of traditional Cards No Physical Card Production: Issuing debit cards costs banks money (around Rs 150-200 per card for production, shipping, and activation). UPI eliminates this by workin

RBI Increases Gold Purchases The Reserve Bank of India has significantly increased its gold purchases, buying 50 tonnes so far in FY25. This move aims to diversify its foreign exchange reserves and mitigate revaluation risks, as part of efforts to m

The Reserve Bank of India (RBI) reduced the repo rate by 25 basis points to 6.25%, the first rate cut in nearly five years. What is the repo rate? It’s the rate at which the RBI lends money to commercial banks. A lower repo rate means cheaper loans

The Reserve Bank of India (RBI) has mandated that all Indian banks must transition their existing websites to the new ‘.bank.in’ domain by October 31, 2025. This move is aimed at enhancing the security and trustworthiness of digital banking platforms

VISA isn't a credit card company. They're the world's most profitable middleman: No credit risk No bank ownership Just a 2.5% toll on $15.5T in yearly spending Here's their perfect business : 1. Let these numbers melt your brain: 14T+ processed

🏠 India Launches First Residential Mortgage-Backed Securities (RMBS) India has introduced its first listing of residential mortgage-backed securities (RMBS) through a bidding process. The National Housing Bank (NHB) aims to raise between ₹100 bill

About Rates in the market... To strike a balance in market, the RBI has to consider all economic factors and carefully set the key rates. Any imbalance in these rates can lead to economic chaos: 1)Repo Rate:-The rate at which RBI lends money to oth

𝗣𝗶𝘆𝘂𝘀𝗵 𝗴𝗼𝘆𝗮𝗹 𝗹𝗮𝘂𝗻𝗰𝗵𝗲𝘀 𝗥𝘀 𝟭𝟬𝟬𝟬𝟬 𝗖𝗿 𝗳𝘂𝗻𝗱 𝗳𝗼𝗿 𝘀𝘁𝗮𝗿𝘁𝘂𝗽𝘀 !! Commerce and Industry Minister Piyush Goyal unveiled a Rs 10,000-crore Fund of Funds for Startups (FFS) along with a national helpline to support early

Abu Dhabi-based Al investment firm 3AI Holding Limited and SML India have unveiled a new generative Al platform called Hanooman. Hanooman is designed to cater to a diverse user base and supports 98 global languages, including 12 Indian languages suc

Meet the man who built India's third-largest bank worth 45,000 CR. 1. Born into a 60-member Gujarati joint family, Uday Kotak used to stay in a single house with his family, who shared one kitchen. He worked hard and studied master's at the Universi