Business Standard - The Reserve Bank of India has asked private sector lender Kotak Mahindra Bank not to issue new credit cards and barred new customer onboarding through the bank’s online and mobile banking channels. Read More
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April 25 Mint - As market cap fell making shareholders poorer by ₹39,768.36 crore, Uday Kotak holding a 29.71 per cent stake also lost ₹10,225 crore in a day. Read more
April 21 ‘Call Money’ is the borrowing or lending of funds for 1 day. When the money is borrowed or lend for period between 2 days and 14 days it is known as ‘Notice Money’. And ‘Term Money’ refers to borrowing/lending of funds for period exceeding 14 days. Banks and Primary Dealers borrow and lend overnight or for the short period to meet their short term mismatches in fund positions. This borrowing and lending is on unsecured basis which means that no collateral in required for borrowing or lending in...
November 27 A cooperative bank is a financial institution that is owned and controlled by a group of people who are also customers of the bank. These banks follow the cooperative principle of one person, one vote, and provide services such as savings and loans to both members and non-members. Cooperative banks in India are regulated by the Reserve Bank of India through Banking regulation act 1949 and Banking laws (cooperative society) act 1955 and are registered under the States Cooperative Societies Act. Cooperative...
July 22 Securitization is the conversion of illiquid assets such as the leases, loans, mortgages, and credit card debts of its customers of a financing company into highly liquid securities to be purchased or sold in the financial markets by clubbing them together. It is basically the pooling of assets that a finance company does not want to service anymore and converting them into securities for investors to invest. This process enhances liquidity in the market, and it serves as a useful tool, especially for...
July 22 e-Kuber is the core banking solution of the RBI, which enables each bank to connect their single current account across the country. Core banking solutions can be defined as a solution that enables banks to offer a multitude of customer-centric services on a 24x7 basis from a single location. All the commercial banks, primary dealers, scheduled urban co-operative banks, insurance companies, and provident funds who maintain funds accounts and securities accounts with the Reserve Bank of India are members of this...
July 03 What is the SDR? The SDR is an international reserve asset. The SDR itself is not a currency but an asset that holders can exchange for currency when needed. The SDR serves as the unit of account of the IMF and other international organizations. Special Drawing Rights (SDR) was created by the International Monetary Fund in 1969. The SDR serves as the unit of account of the IMF.Though it is not a real currency, it is just a unit of account. What is the purpose of the SDR? The IMF created the SDR as a...
May 07 In the last many years of human civilization, modes of transport have evolved. Look at them.
May 07 Innovation is required to protect motorcyclists from injuries during accidents. This airbag is one of them.
May 06 Were these phone real or dummies?
May 05 The video presents a visual that how our back is affected when we lift weight.
May 02 Read more
May 01 Mint - The Adani Group company reported a 67% year-on-year (YoY) surge in its net profit for the March quarter (Q4 FY24), rising to ₹157 crore from ₹94 crore last year same period. Read more
April 28 Mint - On Sunday, Tesla CEO Elon Musk posted a picture with Qiang and said, “We have known each other now for many years, since early Shanghai days.” Read more
April 25 Mint - As market cap fell making shareholders poorer by ₹39,768.36 crore, Uday Kotak holding a 29.71 per cent stake also lost ₹10,225 crore in a day. Read more
April 24 Business Standard - The Reserve Bank of India has asked private sector lender Kotak Mahindra Bank not to issue new credit cards and barred new customer onboarding through the bank’s online and mobile banking channels. Read More
April 23 Down to Earth - Out of a global workforce of 3.4 billion, over 2.4 billion workers are likely to be exposed to excessive heat at some point during their work. Read more
April 22 News18 - Reliance Industries Ltd (RIL) said net profit rose 0.1 percent to Rs 21,243 crore for the fiscal fourth quarter, beating analyst estimates, driven by a recovery in its core oil-to-chemicals (O2C) business. Read more
April 22 Mint - Samsung Galaxy S22 receives a massive discount on Flipkart, now priced at ₹36,999. It features OneUI 6.0, IP68 protection, and 4K selfie camera. The device runs on Snapdragon 8 Gen 1 processor and promises 4 generations of Android OS upgrades. Read more
April 18 CNN - Chaos ensued in the United Arab Emirates after the country witnessed the heaviest rainfall in 75 years, with some areas recording more than 250 mm (around 10 inches) of precipitation in fewer than 24 hours, the state’s media office said in a statement Wednesday. Read more
April 13 Moneycontrol - Nakul Nath, the son of former Madhya Pradesh chief minister Kamal Nath, is the richest candidate contesting in the first phase of the Lok Sabha election, as per Association for Democratic Reforms (ADR). Read more
April 13 Mint- Vodafone Idea will launch a follow-on public offer (FPO) worth ₹18,000 crore next week at a price band of ₹10-11 apiece. Read more
April 05 Mint - Zomato share price has surged approximately 270 per cent over the last year, and the rally of the stock can continue as experts believe the food-delivery company may report healthy Q4FY24 performance, further boosting investors' sentiment about the stock. Read More
April 03 Economic Times : In a recent update from Forbes, Mukesh Ambani, Chairman of Reliance Industries, has secured the top spot as the wealthiest individual in both Asia and India. Read more
April 02 Mint - In the latest addition, a commuter, dubbed "Spider-Man," skillfully navigates above the jam-packed seats, moving slowly above one berth to another to reach the toilet of the train to ease himself. Read more
April 01 Mint - According to stock market oBSErvers, shares of SRM Contractors Limited are available at a premium of ₹126 in the grey market today. Read more
March 29 Forbes : From hidden gems to emerging getaways, here are the top five destinations making waves this year. Read more
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