-The Times of India MUMBAI: A few weeks after RBI governor Raghuram Rajan stressed on building credit histories of individuals based on the Aadhaar number, one bank has introduced unique identity-based eKYC for opening loan and savings accounts. Axis Bank, which is using payment company Visa's network to access Aadhaar database , will introduce the eKYC facility in around 25 branches next week. The branches will open loan and deposit accounts based...
More »SEARCH RESULT
Total Matching Records found : 224
Over 30% live in one-room houses in capital, reveals govt handbook
-The Indian Express The disparity in living conditions in the capital was starkly revealed by the data released in the Delhi Statistical Handbook 2013. According to the handbook, over 30 per cent of Delhi's population lives in one-room dwellings, while three per cent resides in more five-room accommodations. As per the report, 32.2 per cent of the population - both rural and urban - stays in single-room dwellings followed by 29.6 per...
More »Chouhan's Madhya Pradesh steals Congress’ direct benefit transfer thunder
-The Times of India NEW DELHI: As the Centre stitches together its plan to roll out the direct benefit transfer (DBT) scheme, BJP-ruled Madhya Pradesh seems all set to achieve full coverage of some benefits through the scheme. The DBT scheme has been touted as a game-changer for the ruling Congress party in the lead-up to the general elections in 2014. Ironically, a BJP-ruled state seems to have taken the lead to...
More »Department of Posts seeks Rs 1,900 crore from government for banking -Urmi A Goswami
-The Economic Times NEW DELHI: The government's earnestness to change the lives of millions untouched by high-street banks is being tested with a proposal from its own department of posts. Armed with an amazing network of offices, the department has sought Rs 1,900 crore from the Centre to launch a bank that would connect with the aam aadmi in Indian villages and far-flung areas where few institutional lenders have a presence. Financial...
More »Fixed deposits earning you negative returns-Mayur Shetty
-The Times of India BANGALORE: Holders of fixed deposits have been earning a negative return in real terms for most of the preceding five years, thanks to inflation outstripping interest rates. To make matters worse, depositors continue to be taxed on this nominal income. Although bank fixed deposits have never been tax friendly, the level of compliance has been sketchy. But compliance is slowly getting stricter. In the past, RBI norms required banks...
More »
