RBI’s Banking Ombudsman Act 2006 had its second major changes this week. This act has been a game changer in the Banking Industry since its inception. Now as the time changes- technology changes. So new products and miss-selling ways also evolve. This dynamic act got new inclusions to cope up with the modern times. Let’sRead More
Banking
Benefits of Having POST OFFICE SAVINGS BANK (SB) ACCOUNT
I also thought for once that it is like going back to history or primitive era if I am writing about Post Office Savings Bank Account, but when I saw the offering, it is as good as normal savings account which is offered by banks. The Post Office Savings Bank account is very convenient ifRead More
Demonetization Impact PART 3: Impact on Your Investments
More than a month has passed since the demonetization decision and people have solved or planned to resolve the cash in hand problem. But what about investments? If you have already made investments in share or mutual funds or property, what do you see the returns will be after all this settles down? All avenues will have a different effect and the intensity will also differ. That is why diversification is a must for a healthy portfolio.Read More
Demonetization Impact PART 2: Impact on Economy
The economy is also important as it is a summation of entire country’s well being. Emotions are linked to the economy as economic news builds people’s mood. Demonetization is one such economic event which has drastically changed everyone’s way of thinking. Social media is full of reactions. The common man is tweeting, commenting & making videos express what they feel.Read More
Demonetization Impact PART 1: Impact on Sectors
I think the note exchange frenzy has halted or lessen a bit and we can see a long picture now. I purposely delayed my analysis, as I believed this was a huge event and in a war, the casualties and gains can only be ascertained, when the fight stops during evening hours and dust settles. A lot of my friends asked why am I not writing on Demonetization? My response is simple – I am not in News business to create headlines. I believe in spreading awareness.Read More
What is P2P Lending in India?
In P2P lending, the flow of funds is from lender to borrower and goes through a mediator in between, which normally is an online/Internet Company. So this online company matches the lender and borrower. In India, there are about 30 companies operating in P2P lending.Read More