Payment Banks in India

Payment Banks in India

Payment Banks A Payment bank is similar to any other bank but it operate on a smaller scale.The main purpose of payment bank is to provide financial services to everyone particularly remote areas of country, small businesses and low incomes households.. Payment banks must have at least 25% of its branches in unbanked rural areas. …

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Vodphone India-Idea Cellular Merger

Vodphone India-Idea Cellular Merger

Vodphone India-Idea Cellular Merger Idea Cellular Ltd finally agreed to merge with Vodafone India to create country’ largest mobile service operator. Vodafone will hold 45.1 percent and Aditya Birla Group, promoter of Idea Cellular will hold 26 perent stake of the merged entity. Currently Vodafone India and Idea Cellular holds the No .2 and No. …

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Top Ten Online Shopping Websites in India

Top Ten Online Shopping Websites in India

Top Ten Online Shopping Sites Online Shopping in India is growing at very fast pace because of attractive discounts and cheap internet and growing availability of smartphones and tabs. The numbers of customers for online shopping is likely to cross 100 million in 2017. Online shopping has grown 83% in 2016. The following is a …

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Microfinance Companies in India

Microfinance Companies in India

Top Microfinance Companies Microfinance companies provide small scale financial services especially to economically underprivileged and poor people in rural, semi-urban and urban areas who struggle to get loan from traditional lenders. These companies help poor people by providing small amount of loan their customers so they start their business and earn money. These companies provide …

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Sovereign Gold Bond (SGB)

Sovereign Gold Bond (SGB)

Sovereign Gold Bond Sovereign Gold Bonds are government securities denominated in gold. Instead of buying physical gold, one can buy also buy SGBs. The investor need cash to buy SGBs and redemption of SGBs also takes place in form of cash. The Bond is issue by Reserve Bank of India on behalf of Government of …

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Top Housing Finance Companies in India

Top Housing Finance Companies in India

Top Housing Finance Companies Housing Finance is one of the fastest growing sector due to Government’s target of ensuring home for every family by 2022. Housing and Urban Development Corporation was established in 1970 to finance housing and urban infrastructure activities. Later many private housing finance companies were allowed to start operation in this sector. …

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Top NBFC Companies in India

Top NBFC Companies in India

Top NBFC in India There are a lot of Non-Banking Finance Companies(NBFC) registered with Reserve Bank of India but only some top companies do most of business. These companies are involved in business of loans and advances and insurance besides many other activities. NBFCs are regulated by Reserve Bank of India. These are many types …

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Tax Planning

Tax Planning

Tax planning is very important part of financial planning. Not planning tax leads to higher tax outgo from your pocket. Some people also use income tax calculators. Good income tax planning make use of exemptions and deductions to minimize tax liability. Income-Tax(IT) act allows various deductions from 80C to 80U. Income tax department keeps an …

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Top Five Banks in India

Top Five Banks in India

List of Top Banks in India List of top ten banks in India as per market capitalization is as follows. The list include both private and govt owned banks. HDFC Bank is Indian banking and financial services company. It is headquartered in Mumbai, Maharastra. HDFC Bank is a subsidary of HDFC – Housing Development and …

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NSE Trading Holidays on Exchanges in 2016

NSE Trading Holidays on Exchanges in 2016

NSE Trading Holidays 2016 At National Stock Exchange of India (NSE), trading on equities segments takes place on all days of week except Saturdays, Sundays and Holidays declared by exchange in advance. When trading stocks in India, equity settlements happen on T+2 days. ‘T’ means the trading day when you buy or sell a particular …

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