A fundamental part of Indian retirement savings is the provident fund, or PF. Under management by the Employees’ Provident Fund Organisation (EPFO), this fund guarantees that companies and staff members help to create a safe post-retirement corpus. Many employees, though, frequently ask, “Can I stop my PF deduction from salary?” This blog offers clarity on…
Driven by fast technical developments and changing client expectations, the banking sector is experiencing a major make-over. Leading public sector bank in India, the State Bank of India (SBI) is leading this transformation first. Emphasizing a “extreme customer convenience-oriented approach,” recently C S Setty, the newly appointed chairman of SBI, described his vision for the…
In a recent speech at the annual day of the Foreign Exchange Dealers’ Association of India, FEDAI, RBI Deputy Governor Swaminathan J underscored the imperative need for financial institutions to provide greater support to micro, small, and medium enterprises. These firms really form the backbone of India’s economy, and their ability to thrive has much…
Importantly for the Indian banking sector, the Competition Commission of India (CCI) has authorized Shriram Finance’s transfer of shareholding in Shriram Housing Finance Limited (SHFL). With Shriram Finance trying to reorient its business emphasis, the deal, valued at ₹4,630 crore, signifies a strategic change. Under Section 31(1) of the Competition Act, 2002, the approval was…
Especially in the category of non-banking financial organizations (NBFCs) that concentrate on small and medium businesses (SMEs), Aye Finance is somewhat well-known in India. Originally set out to empower underprivileged small businesses all throughout India, Aye Finance has rapidly gained recognition in the sector, attracting interest from international investors, and now preparing for a significant…
The Reserve Bank of India (RBI) is the apex regulatory body overseeing the Indian financial sector. It plays a crucial role in maintaining financial stability and ensuring the smooth functioning of the economy. Housing Finance Companies (HFCs) are a significant segment of the finance sector, contributing substantially to the housing market. To regulate and supervise this…
Nirmala Sitharaman, the minister of finance, underlined the need of banks developing more innovative and appealing plans. This call to action presents a more overall picture of appealing banking to a diverse clientele and increasing financial inclusion. By reviewing conventional strategies and including innovative ideas, banks can better serve their clients and stimulate economic growth….
Managing economic stability and growth depends critically on monetary policy. Its change over the years has had major effects on economies all around, including India. With a especially focus on how it interacts with significant Indian banks like the State Bank of India (SBI) and HDFC Bank, this blog will investigate the monetary policy meaning,…
In the fast-changing realm of digital payments, security now takes the front stage. While India is building a cashless economy, the Reserve Bank of India (RBI) has regularly been leading in applying policies to protect consumer interests. The initiative is a part of RBI’s continuous endeavor to safeguard digital transactions, particularly because online risks are…
In India, the Union Budget is a major event that determines the country’s whole annual economic tone. It affects many other industries, including the financial one either directly or indirectly. Many changes brought about by the budget 2024 would affect the performance of investment funds, especially that of mutual fund companies. This paper explores the…