business

Mobile money – Game Changer – Financial Inclusion

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Mobile banking was a solution that fit developing world needs like a glove. Most developing countries have suffered from low penetration of banking and electronic cash. The model is being led by various types of entities: banks, mobile companies and third-party aggregators. In India, the push for mobile banking is coming from the banking regulator committed to financial inclusion.

The biggest GameChanger for mobile banking will be its ability to converge the twin objectives

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October Indian Inflation at a High of 8.6%

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Indian inflation continued to remain extremely high with October inflation printing at 8.6% oya (0.6% m/m, sa). Underpinning this month’s inflation was a sharp acceleration in non-food primary articles (e.g. fibres, silks, rubber) reflecting the sustained rise in global commodity prices in recent weeks.

More worryingly, while the level of manufacturing ex-food inflation continues to remain sticky at the 5% level, its monthly momentum

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List of Private Sector Banks in India

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We have obtained the list of all Private Sector Banks in India.

There are 25 private sector banks in India which are categorized by the RBI as Old Private Sector Banks and New Private Sector Banks. The 18 Old Private Sector Banks are as follows,

List of All Nationalized Banks in India

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Nationalized Banks also known as Public Sector Banks Or PSU Banks are the Banks where Government of India has direct control in ownership and management. Advantage of banking with these financial institutions is that they don’t have hidden charges like most Private Sector and Foreign Banks do.

India has 26 Nationalized Banks and Here is the list of  these Banks where you can conduct your business,

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Bliss GVS Pharma pact with Kuwait Saudi Pharmaceutical Industries

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Bliss GVS Pharma has signed a Joint Venture (JV) agreement with Kuwait Saudi Pharmaceutical Industries Company, based in Kuwait, for establishing a Suppository Line Manufacturing facility in Kuwait. The company manufactures wide range of Pessary Formulations, Suppository Formulations, Calcium Preparation, Protein Powders, Iron Preparation, Antibiotics, Analgesic and Antipyretics, Respiratory, Anti-inflammatory, Dermatological Preparations and Anti-Diarrhoeal products.

RBI raises repo and reverse repo rates by 25 and 50 bps

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Finally, the RBI Governor mustered some courage to hike the much needed Repo and Reverse Repo rates by 25bps and 50 bps during its monetary policy review meeting today. With this, the repo rate will stand at 5.75% and reverse repo rate will go up to 4.5%. Meanwhile, CRR has been kept unchanged at the current level of 6.0%. Story Updating..

RBI embarked on gradual exit from an overtly accommodative monetary stance, while ensuring that the nascent recovery is not
derailed. Thereafter, as recovery gathered momentum and so did inflation, RBI’s stance was one of balancing the objectives of

Read moreRBI raises repo and reverse repo rates by 25 and 50 bps