Are you new to the stock market or planning to invest in it? Remember the stock market is not a magic wand that will turn your penny into crores within a blink. Although, if you keep patience and hold...
In a recent development, The Reserve Bank of India has accepted 21 out of 33 recommendations made by an Internal Working Group on the ownership and corporate structure of private sector banks. The Reserve Bank gave a blow to...
Everyone using banking or financial system must has heard about KYC. Banks and financial institutions use KYC to verify the identity and address of their customers. KYC stands for Know Your Customer. With the help of this bank collects...
If you want a higher return on your investment than other conventional investments without investing directly in equities, you can invest in the ‘Fund of Funds’ category of mutual funds. It has given returns of up to 51% in...
A Systematic Transfer Plan (STP) facilitates investors to transfer their capital from one scheme to another. This transfer is not done in a lump sum, but this transfer takes place over a period of time which enables investors to...
Prime Minister Modi has given the country a new Integrated Ombudsman Scheme of the Reserve Bank of India (RBI). The RBI’s Integrated Ombudsman Scheme aims to further improve the grievance redressal system of banks or banking services. This will...
