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Advisors unhappy as HDFC MF, UTI MF raise expense ratio on index funds

New Delhi, April 10 -- On 9 April, Sebi registered investment advisor Basavaraj Tonagatti started receiving emails from his clients. The message contained notifications from HDFC Mutual Fund and UTI M... Read More


Can mobile wallets turn dormant like bank accounts?

NEW DELHI, April 9 -- The Reserve Bank of India (RBI) has guidelines on when banks should treat a savings or a current account as dormant. However, there are no such guidelines for mobile wallets. If ... Read More


RBI Policy: Payments bank balance limit doubled to Rs.2 lakh

New Delhi, April 7 -- The Reserve Bank of India (RBI) has increased the end of day balance for account holders to Rs.2 lakh. The current limit for the end of day balance is Rs.1 lakh. "With a view to... Read More


RBI Policy: Governor Das announces three changes to mobile wallets

NEW DELHI, April 7 -- Reserve Bank of India governor Shaktikanta Das, while detailing the first by-monthly monetary policy statement of fiscal 2021-22 on Wednesday, announced three reforms for prepaid... Read More


DMart's Radhakishan Damani buys Rs.1,000 crore bungalow in Mumbai

New Delhi, April 3 -- Founder of DMart, Radhakishan Damani, has bought a property in South Mumbai worth Rs.1,001 crore. Damani has purchased the property along with his brother Gopikishan Damani. It ... Read More


DMart's Radhakishan Damani buys Rs.1,001 crore bungalow in Mumbai

New Delhi, April 3 -- Founder of DMart, Radhakishan Damani, has bought a property in South Mumbai worth Rs.1,001 crore. Damani has purchased the property along with his brother Gopikishan Damani. It ... Read More


What privileges do banks offer to millionaire customers?

NEW DELHI, April 3 -- Banks classify customers into different categories based on their income and assets with the bank. This helps th provide targeted services. Individuals with high net worth, or HN... Read More


Don't let events such as the pandemic ruin your finances

NEW DELHI, April 2 -- For many across the world, the first year of the novel coronavirus pandemic was a financial struggle. India had not seen the scale of job losses and salary cuts that happened dur... Read More


NPCI hives off bill payments platform into a separate subsidiary

New Delhi, April 1 -- National Payments Corporation of India (NPCI) announced the formation of its wholly-owned subsidiary firm - NPCI Bharat BillPay Ltd. (NBBL). The new entity has come into effect f... Read More


Don't let events such as covid pandemic ruin your finances

New Delhi, March 31 -- For many across the world, the first year of the novel coronavirus pandemic was a financial struggle. India had not seen the scale of job losses and salary cuts that happened du... Read More