One of the largest banking scams that shattered all together the country’s economy is the Punjab National Bank Scam in 2018. The helmsman billionaire of this scam is one the visionary businessman Nirav Modi. He hailed from a family of businessmen and eventually, after studies joined his uncle’s business. Shifting in India, Mumbai, Nirav Modi …
The Coal Allocation Scam, or Coalgate is one of the biggest corruption scandals during the reign of Congress UPA-2 government in India. The incident played a role in shaping the public discourse around corruption & crony capitalism in the country. The scam led to massive outcry from the opposition parties, civil society, and public due …
Recently, AMFI (Associations of Mutual Funds in India) published data signifying the average AUM (Assets under Management) per year in 2023. The distributor, which tops the list with aggregate Rs. 1.44 lakh crore AUM in the financial year 2022-2023 is the largest government bank in India, the SBI (State Bank of India). By calculation, the …
State Bank Tops the Distributor’s in AMFI FY 2022-2023 Read More »
PhonePe, the giant fintech company recently paved it’s way to the mutual funds and stocks market industry with launching its new a stock broking app named “Share.Market.” Amidst the dominant market player like Upstox, Groww, & Zeesha, PhonePe has appeared to be one of the solicited company in this industry. It gives facilities like trade …
PhonePe Launches It’s Own Investing App Share.Market Read More »
In recent years, the telecommunication industry has witnessed all new changes, with 4G technology carving the way for faster speed of internet and connectivity. However, amidst the progress, there was a massive allegation of scam involving Reliance and a staggering RS. 23,000 crores raising hot debates among everyone. This is the second scam next to …
A scam that torn apart India’s economy is the 2010’s decade is the Satyam’s Scandal in 2009. The steer man of the scam is Ramalinga Raju, the founder & chairmanof Satyam Computers. It also exposed the vulnerable condition of auditing, regulatory management & governance of IT sector in India. For siphoning off a whopping amount …
Recently, RBI governor Shaktikanta Das announced that now users can transact an amount upto 500 rupees instead of the previous 200 rupees without UPI pin for easy transaction via UPI Lite wallet. UPI Lite is an on-device wallet, which means it allows users to navigate the payments via the digital payment wallet. The RBI governor …
RBI Declared ₹500 Transaction Without Pin Limit Via UPI Lite from ₹200 on Thursday Read More »
An all-time record of the past 18 months Demat account opening counts reached 12.35 crore in a retail spree. From January 2022 to July 2023, the total deposits in CDSL (Central Depository Services Limited) and NSDL (National Securities Depository Limited) became 30 lakh high, which is around 50 percent higher than the average of the …
Demat Account Opening Strikes Record of 18 Months High on July 2023 Read More »
A payout ratio simply refers to the total dividends ratio out of the net income of a company. A company’s payout ratio significantly denotes its long-term support & sustainability, or a lower payout ratio means the company may set a record upper in its annual cash flow. The ratio is a metric that suggests that …
CAMS (Computer Age Management Services), one of the largest Indian mutual fund transfer service agencies has taken an absolute step leveraging artificial intelligence in their KYC registration process. CAMSKRA or CAMS KYC registration process brings a new solution to onboard customers in a new & seamless way, which completes the process within some minutes. Some …
CAMS AI-Embedded KYC Is the Next Step in the Onboarding Process Read More »
