What’s happening The Reserve Bank of India (RBI) has begun shifting its foreign exchange reserve composition reducing its exposure to U.S. Treasury bills and significantly increasing its gold holdings. This move aligns India with a global trend of diversifying away from the U.S. dollar. Ke...
In today’s digital world, our lives are more connected than ever. From banking and shopping to social media and business communication, everything is just a click away. But this convenience comes with risks online scams, frauds, and hackers are constantly looking for ways to steal yo...
In recent times, many borrowers have faced difficulties in repaying loans and credit card dues due to financial stress, job loss, or emergencies. This has unfortunately led to the rise of harassment and threats by unauthorized recovery agents. However, the Reserve Bank of India (RBI) has i...
The Insurance Regulatory and Development Authority of India (IRDAI) is the apex statutory body responsible for regulating and promoting the insurance industry in India. Established under the IRDA Act, 1999, IRDAI functions under the jurisdiction of the Ministry of Finance, Government of In...
In today’s fast-paced financial world, smart money management is key. One such powerful tool offered by banks is the Auto Sweep Facility—a feature that allows you to earn higher interest on your savings without losing access to your funds. This facility blends the benefits of a savin...
