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Credits cards in use just short of 100 million
In the calendar year 2023, the country witnessed the inclusion of 16.71 million new credit cards, marking a significant upswing from the 12.24 million
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RBI, Govt working on CBDC for payments abroad
CBDC is being issued in the same denominations as the paper currency and coins and is being distributed through banks
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What’s ailing HDFC Bank’s interest margin?
While the bank's profit exceeded market expectations, the Net Interest Income (NII), representing the pure interest income figures, disappointed
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Finmin may go for 5.3% fiscal deficit in FY25: Economists
Eight of the projections by forecasting agencies expect the fiscal deficit goal to be 5.3% of the GDP
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UPI Autopay is the rising star
Some of the expenditure typically channelised through this feature is paying for newspaper bills, cable TV subscriptions and sundry regular payments
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Policy rates likely to remain unchanged in December MPC meet
The last time the central bank raised the repo rate was in February 2023. Before that, it raised the key policy rate by 2.5 percentage points from May
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HDFC Bank raises lending rates by 0.05%
India’s biggest private sector bank HDFC Bank has raised its lending rates by a marginal 0.05 per cent across select loan tenors. The lenderR
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Things to ponder on while filling bank account opening form!
Most people only fill in details and sign when opening an account. They consider reading the form’s terms and conditions a hassle.
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The changing face of Indian promoters
The way to power no longer lies on the properties of the urban, upper-class, pedigreed elite. It belongs just as much to the middle-class, small-town
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What is imapct of HDFC Merger?
With HDFC's departure, the pool of funds raised through the bond market will decrease. However, there is still stability in demand, meaning that ther
