A Savings Bank Account is one of the oldest and most common ways people choose to save their money. The reason why is because here your principal amount will always remain safe regardless of the interest you earn. Hence, with a savings bank account, you can save your money conveniently in a bank and also […]
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The COVID-19 pandemic has brought sharp declines in the financial services industry. Before this global outbreak, commercial banking was experiencing a steady period of growth and innovation. Banks and credit unions worldwide continue to prosper despite growing competition from alternate financial channels. And yet, in just a few weeks, financial institutions all over the world are suddenly in the […]
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The Union Cabinet has approved the merger of 10 Public Sector Banks (PSBs) into four entities on Wednesday. It will come into effect from 1st April 2020. ThisBank merger aims to have fewer but stronger money lenders in India. According to the Finance Minister Nirmala Sitharaman, the consolidation of the banks has been done so […]
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Foreign currency exchange (FX) is never cheap per se. However, being a frugal-minded person, you can find ways to cut the costs of this financial operation. To do this, you’ll need to start by researching your options and comparing traditional and alternative financial institutions.Banks are the most traditional and, quite often, the most expensive as […]
Continue ReadingFinance is one of the oldest markets in the world. Financial services are an industry that invented credit cards in the 1950s, internet banking in the 1990s and at the turn of the millennium, contactless payment technology. Therefore, the use of technology to support financial services is by no way a recent phenomenon. From the […]
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