Category Archives: Banking News
HSBC One-Time Tokens To Go Global
The banking major HSBC has indicated that its One-Time Tokens will be rolled out soon to support its anti-fraud solutions. This has been planned to address the security measures in online banking.
Derek Wylde, the head of HSBC’s group fraud risk told that there was very high risk in Internet banking that needed to be addressed [...]
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RBI clarifies refinance cos provision norms
The Reserve Bank of India on Wednesday clarified that floating provisions were only for contingencies under extraordinary circumstances for making specific provisions.
The Reserve Bank of India (RBI) said in a notification that the term lending and refinance companies cannot use floating provisions in place of specific provisioning.
Only under extraordinary circumstance, with prior permission from the [...]
Investing in equity mutual funds
In India, mutual funds companies have the second largest corpus of investments after life insurance companies. The options for investments are many with mutual funds, though the first thing anyone new investments thinks is equity mutual funds. But mutual funds can be made of any asset class.
Mutual fund type based on asset class
Mutual funds can [...]
How to plan for early retirement
One of the fall-outs of the economic boom is that salaried class is ageing early in life. Ask a 40-year old professional about his retirement age and his answer would be tomorrow.
Of course, most of them would like to retire financially without the troubles of ensuring cash flow on a monthly basis through salary. While [...]
Indian Bank revises interest rates on FCNR, NRE deposits
Indian Bank has revised interest rates on FCNR (B) and NRE deposits with effect from January 1. For FCNR (B) deposits, in US Dollar the revised interest rate has been fixed at 1.98 per cent for deposits of one year and above but less than two years (2.02 per cent existing); at 2.39 per cent. [...]
SBI Card mShop Launched