Newsblare

newsblare logo

Sign in

Banking & Insurance Commodities & Currency Economic & Finance

The Reserve Bank of India Reveals Shocking Statistics: 93% of 2000 Notes Have Found Their Way Back to Banks!

The Reserve Bank on Friday said that 93 percent of Rs 2000 currency notes that were in circulation on May 19 — the day the currency was withdrawn from circulation — have been returned to banks. Until August 31, 2023, the total value of Rs 2000 bank notes received back from circulation will be Rs

Read More
Banking & Insurance Technology

Revolutionizing Offline Payments: UPI Takes a Leap into the AI Era

Paying through UPI (Unified Payments Interface) has become easier, but the effort to simplify procedures is still ongoing. To pay with conversational UPI, India’s central bank is bringing in artificial intelligence (AI) to make it easier to scan QR codes, click and enter PINs for each transaction. At the Monetary Policy Committee (MPC) meeting, RBI

Read More
Banking & Insurance Careers Education Travel

The Importance of Travel Insurance for Students: Ensuring Peace of Mind While Studying Abroad

When studying abroad, healthcare costs can be high, making health insurance a necessity. Many universities in areas such as the US, UK and Canada require incoming students to acquire coverage from local providers, usually in partnership with the institution. These policies tend to only provide coverage while on campus or within the host nation’s boundaries.

Read More
Banking & Insurance Careers Economic & Finance

BFSI Sector Takes the Lead in Fintech Hiring, Prioritizing Employee Satisfaction

A strong increase in hiring activity is expected in the Banking, Financial Services, and Insurance (BFSI) sector in the coming year, with companies planning to hiring 26% more people than they do now. According to Great Place To Work’s Best Workplaces in BFSI in 2023 report, fintech firms led the way with a 41% increase

Read More
Banking & Insurance Investing Personal Finance

Why Guaranteed Returns Insurance Plans May Not Be a Wise Choice – Here’s Why

It is likely that you have seen advertisements promising guaranteed returns in the form of a monthly income after investing for a certain period of time. The ads usually say: If you invest ₹15,000 a month for 25 years, you’ll make ₹40,000. Guaranteed return plans are basically insurance plans. They sound appealing, because who wouldn’t

Read More
Automobile Banking & Insurance Vehicle

Planning an EV Car as your next? The Insurance is costlier than ICE vehicles

Are you considering an EV car as your next vehicle? The insurance is more expensive for EV cars than an ICE vehicle. Automobiles are headed in an electric direction. While they may cost a bit more initially, EV can also save money over a longer period of time compared to vehicles that run on petrol

Read More
Banking & Insurance Economic & Finance

RBI’s Possible Move to Slash 50 bps Interest Rates this year

According to economists at Bank of Baroda, India’s central bank RBI may reduce/cut its lending rate twice in the second half of this year (FY24) after raising interest rates by 250 basis points in the last financial year (FY23). As a result, the repo rate will fall to 6%, from 6.5% currently. The economists at

Read More
Banking & Insurance Commodities & Currency Economic & Finance

The Struggle of Spending the ₹2000 Notes in India: Why It’s Not Easy

LocalCircles surveyed people who said they find it difficult to spend the biggest denomination of cash, despite many reports that petrol pumps, jewellery stores, and even e-commerce delivery people are being flooded with 2000 notes. According to the central bank of India, this note will cease to be circulated, but it will remain legal tender

Read More
Banking & Insurance Economic & Finance

What Does First Citizens Bank’s Acquisition of Silicon Valley Bridge Bank Mean for Customers?

A purchase agreement was entered into between First Citizens Bank and Trust Company of Raleigh, North Carolina and Silicon Valley Bridge Bank, National Association, according to the US Federal Deposit Insurance Corporation (FDIC). In a major development in the on-going US banking crisis, First Citizens has acquired Silicon Valley Bank (SVB). As per updates, the

Read More
Banking & Insurance Commodities & Currency Cryptocurrency Digital Money Economic & Finance Market Overview

The Indian banking sector is well regulated and well supervised: RBI Governor

Shaktikanta Das, the governor of the Reserve Bank of India(RBI), gave the country’s banking system a thumbs-up, stressing the importance of banking sector regulation and supervision in light of recent developments in the US. “India has a well-regulated and well-supervised banking sector. The same would apply to the NBFC sector and other financial entities under

Read More