banking

The role of AI & technology in enhancing security in banking & finance

28 Aug 2024

In the world of banking and finance, security isn't just a priority—it's a necessity. With increasing threats and sophisticated cyber-attacks, financial institutions are turning to artificial intelligence (AI) and technology to stay ahead. Let's explore how AI is transforming security operations and enhancing protection in this critical sector. First off,...

New Rules For Small Savings Schemes Starting October 1: PPF, NSS, Sukanya Samriddhi & More

26 Aug 2024

The Ministry of Finance's Department of Economic Affairs has introduced new rules for managing irregular accounts under National Small Savings (NSS) schemes through Post Offices. This update, communicated in a circular dated August 21, 2024, involves several key changes. Irregular NSS Accounts For NSS-87 accounts opened before DG Posts' Order...

Why Saving Money In Your 20s Is A Master-Step To A Seure Retirement?

06 Aug 2024

“Try to save something while your salary is small; it’s impossible to save after you begin to earn more.” – Jack Benny As someone in their 20s, we understand how challenging it can be to navigate an economy with high housing costs, rising grocery and medical bills, and various other...

India’s foreign exchange reserves decline by USD 2.8 billion

27 Jan 2024

According to the latest data released by the Reserve Bank of India (RBI), India's foreign exchange reserves witnessed a decline of USD 2.795 billion, reaching USD 616.143 billion for the week ending on January 19, 2023. The central bank's weekly statistical data revealed that during the same period, the country's...

Indian banking system less prone to SVB-like incidents: Ministry of Finance

25 Apr 2023

In its monthly review report, the Ministry of Finance noted that recent bank failures in the US and Europe, which were brought on by the cycle of tightening monetary policy -- primarily as a result of interest rate increases -- raised concerns among policymakers about the fragility of financial systems,...