Tech Mahindra, which got a mandate to start a payment bank from the Central Bank in August last year, has launched an electronic wallet called... Read More
Finance and Trade
Banks in India-Union Bank Of India
1 min read
Union Bank Of India: Union Bank of India was inaugurated by Mahatma Gandhi more than eight decades ago. It is a Public Sector Unit with... Read More
Financial terms-Depository Receipt.
1 min read
A depository receipt is a type of negotiable financial security that is traded on a local stock exchange but represents a security, usually in the... Read More
Income Tax
2 min read
Income tax is a tax paid to the central government on personal income. It is the direct tax paid on income by an individual or... Read More
Banking Terms-Reverse Repo Rate
2 min read
Reverse Repo Rate Reverse repo rate is the rate of interest at which the RBI borrows funds from other banks in the short term .... Read More
Demand Note A Demand Note is a type of paper money that was first issued between August 1861 and April 1862 during the American Civil... Read More
Financial Action Task Force(FATF)
1 min read
Financial Action Task Force (FATF) was founded by the G-7 countries in 1989 to develop and promote national and international policies to combat money laundering... Read More
13th Finance Commission of India
1 min read
13th Finance Commission The 13th Finance Commission, which makes recommendations on sharing of tax revenues by the Centre and States, has suggested a new path... Read More