The anatomy of falling bank deposits—and how to arrest it
As India’s economy grows, the banking sector faces a pressing question: is the sluggish growth in Current Accounts & Savings Accounts (CASA) and deposits just a temporary dip, or the beginning of a deeper, long-term trend? With the country’s credit demand rising, the slowdown raises red flags for profitability and financial stability. Read this | […]
How to spend €14.1B windfall from Apple – POLITICO
And finally in 2021, as the administration of Joe Biden and the Organization for Economic Cooperation and Development jointly pushed to force low-tax jurisdictions such as Ireland to raise their rates closer to international norms in the mid-20s, the Irish held out until they won a commitment to cap that increase at 15 percent. That […]
How to access money when bank if offline
Several Microsoft users are currently impacted by a worldwide outage Friday morning. Travelers are seeing extreme delays at airports, and some banks are offline. While this outage may concern people trying to access their money, there are steps that can be taken to access a bank account. The Consumer Financial Protection Bureau encourages people to […]
Western allies split over how to make Putin pay – POLITICO
It’s a plan that U.S. President Joe Biden’s administration is backing heavily but so far Europe’s most powerful governments in Paris, Berlin and Rome are unconvinced. Washington policymakers are piling pressure on their allies to ditch their hang-ups over what would be an unprecedented step fraught with legal, ethical and political difficulties. “It’s never been […]
How to claim unclaimed deposits and investments? A step-by-step guide
The shares, dividends, and debentures that have remained unclaimed for seven years or more get transferred to the Investor Education and Protection Fund (IEPF), a repository set up under the Companies Act of 1956. Deposits and interest left unclaimed for over 10 years in inactive bank accounts are transferred to the RBI Depositor Education Awareness […]
How to file an insurance claim for a cyclone-damaged bike? A step-by-step guide
Cyclones are an unfortunate yet common occurrence in some parts, especially along coastal regions. These powerful storms can cause widespread destruction, including damage to personal vehicles and property. If your bike was damaged due to a recent cyclone, here is a comprehensive guide to filing an insurance claim. Understanding bike insurance Most banks and non-banking […]
How to invest in Wall Street’s artificial intelligence boom
Artificial intelligence is expected to reshape the wealth management industry — and those who don’t embrace the technology are at risk of falling behind, experts believe. Those in the younger, digitally native generation are now aging and growing their wealth. They expect more digitization and personalization, so wealth management firms are turning to AI to […]
How to protect yourself from mis-selling by banks? 7 tips for savvy banking
When visiting a bank branch to purchase a financial product, it is essential to understand the various forms of mis-selling that can occur. Mis-selling refers to the unethical practice of selling financial products to customers without providing accurate and complete information about the product, resulting in the customer making ill-informed decisions. “Banks must ensure their […]