The central bank defines CBDC as a legal tender in a digital form issued by it. It is the same as a sovereign currency and is exchangeable at 1:1 par with fiat currency
BetterPlace, has announced that it has raised $40 million as part of Series C fundraise. The company has several new investors along with Jungle Ventures and British International Investment.
Establishing the infrastructure for the future of banking and financial services is a necessity. Nevertheless, the growth of this sector depends on improved technical capacity and digital proficiency. Although the use of technology is progressing, digital literacy is lagging
If you do not have time and expertise to invest overseas directly, you can take the mutual fund route. In 2021-22, the outward remittance under Liberalised Remittance Scheme for 'investment in equity and debt' by Indian citizens went up to $746.57 million from $195.45 million in 2014-15.
Directors' and officers' liability Insurance is an insurance policy that pays the directors and officers, or to the organization itself, several costs such as legal costs, public relation costs, etc
Bangalore based Sharan Hegde (26) is the founder of Finance with Sharan, where through Instagram and other social media channels he educates people about finance and investments.
The apex bank maintained its 6.7 percent inflation forecast for the current fiscal year ending March while saying that the battle against inflation is not over yet
Generation after generation has seen the same cycle over and over again- same agenda, different fund name. Currently, it goes by the name Climate finance
There is heightened volatility experienced by markets all around the world, and interest rates are being raised on the back of high inflation. Entrepreneur India catches up with Suresh Soni, CEO, Baroda BNP Paribas Mutual fund on current market situation, advice for investors and evolution of the mutual fund industry over the years. Edited excerpts from the interview.
While the rise in internet usage is good news, one cannot ignore that there is an ugly side to it as well, which is frauds and cyber crimes. A look at the data shows that the number of cases registered for cyber crimes have been consistently on the rise and more than doubled in the last five years.
Inventor and Entrepreneur Sanandan Sudhir, who was seen on Shark Tank India Season 1 with the world's fastest cooking device, has declared that his startup On2Cook India Pvt Ltd has secured seed funding of INR 17 crore. On2Cook will be making an appearance at MENA's largest hospitality and Food Service event GulfHost 2022 at World Trade Centre in Dubai.
The governor also said that the RBI issued the required guidelines after consulting the Indian Banks Association and other experts in the field, following the Union Budget 2022-23 announcement of setting up 75 digital banking units
In the current economic environment, HNI investors have developed a preference for highly customised investment options, use of technology for detailed analysis and faster and easier execution as well as lower fees