What is a credit Score? A credit score rates a consumer’s creditworthiness. A credit score is a three-digit number that tells how you manage your finance. The higher the score, the better a borrower looks to potential lenders. Every financial institution checks your credit score because it gives an idea of your general credit health.…
Read articleThe license of Seva Vikas Co-operative Bank cancelled – The license of Pune-based Seva Vikas Co-operative Bank is cancelled by the Reserve Bank of India RBI. The bank ceases to carry on banking business, with effect from the close of business on October 10, 2022. Earlier in August 2022, it had cancelled the license of…
Read articleCyber frauds – Digitalization makes it very convenient for transactions to be made but as every coin has two sides the cons of digitalization include cyber fraud. After the pandemic cyber frauds have seen a sharp jump due to a steep rise in digital transactions. It is very important to have certain insurance for the…
Read articleTCS September quarter Results update – TCS being a major IT player Tata Consultancy Services (TCS) has all set to start its Q2FY23 earnings season on October 10. Earlier it was seen that its shares have fallen 20 percent year-to-date (YTD) but it still outperformed its IT peers by a healthy margin. TCS is all…
Read articleRise in check bounce Cases – The cheque bounce Cases have been on rising which is clogging the legal system. When an issuer presents a cheque to the bank for payment, and it is returned unpaid by the bank due to insufficient funds, the cheque is said to have bounced. Several suggestions are made to…
Read articleRupee vs US dollar – The rupee levels down past 82 to fall to a fresh record low of 82.33 per US dollar. The domestic currency was down 44 paise down against the US dollar. The Indian rupee has been dated around 10.6% so far this calendar year amid a flight to safety towards the…
Read articleThe decision by RBI – The rules regarding the FD are changed by RBI. If you also do the fixed deposits you must be aware of these changed rules.RBI changed the rules related to FD some time ago and these new rules have also become effective. After hearing the news of RBI increasing its repo…
Read articleCredit card transactions using UPI – UPI transactions are the most convenient and technology plays a major role in transfers .Crores of Small merchants , and vendors will start using plastic money if they start using Credit Card transactions with the Unified Payments Interface (UPI) . This is definitely a move for cardholders to be…
Read articlePersonal finance Importance – When you start earning money the most important thing is managing it. Financial awareness is more about learning about how to get what you want and protect what you have got. Financial freedom is about having enough savings or the situation that they can spend on anything but the fact is…
Read articleIncreasing Cyber crimes cases – India is being digitalizated and with this the cyber crimes are rising. Criminals often target banks where huge amount of money is easily flowing on daily basis .And when such Unauthorized transactions should be immediately reported to banks so that the appropriate actions are to be taken on time. Customers…
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