From Cash to UPI: How Evolution of Digital India Fueled Online Payments A Transformative Journey The last decade has witnessed a revolutionary change in how India engages in financial transactions. Spearheaded by ambitious government initiatives and leapfrogging technological innovations, India has transitioned from a predominantly cash-based economy to embracing digital payments. The journey from cash to the Unified Payments Interface (UPI) reflects a critical aspect of India’s digital evolution, underscoring a concerted effort to […]

Excited about Tata Sons’ Listing? Temper Your Expectations Introduction The buzz around Tata Sons, the titan behind the illustrious Tata group, regarding its potential stock market listing, has sparked considerable interest. This speculation has particularly affected shares of Tata Chemicals Ltd and Tata Motors Ltd, seen as direct beneficiaries of such a move. However, a sense of caution is advised as this anticipated event may not unfold as expected. Tata Sons: The Reluctance to List […]

How to Find and Claim Unclaimed Deposits: RBI’s UDGAM Portal Explained Last updated: March 6, 2024, 4:44 PM By MintGenie Team Do you know you might have money lying around in old bank accounts you’ve forgotten about? The Reserve Bank of India (RBI) has a solution for this – the UDGAM portal. It’s designed to help you identify and claim any deposits that haven’t been touched in 10 years or more. Here’s what you need […]

How Retail Investors Can Leverage Opportunities NBFCs Offer The growth in the Assets Under Management (AUM) of the Non-Banking Financial Company (NBFC) sector is projected to decelerate to around 14-17% by FY25, according to predictions. However, despite this anticipated slowdown, NBFCs still present ample opportunities for retail investors. The Reserve Bank of India’s Action on NBFCs Recently (approximately two months ago), the Reserve Bank of India determined it was pivotal to check the banking sector’s […]

NBFCs Must Monitor Peer-To-Peer Lending and Uphold Underwriting Standards, Stresses RBI Deputy Governor Rajeshwar Rao, Deputy Governor of the Reserve Bank of India, emphasizes the urgent need for non-banking finance companies (NBFCs) to scrutinize their peer-to-peer lending practices and uphold underwriting standards, during a speech at a Confederation of Indian Industries event. Warning against Compromised Underwriting Standards According to Rao, NBFCs must be vigilant in maintaining rigorous underwriting standards. Any compromise in this key area […]