People hesitant to Neo-bank from home

People are not opting for neo-banking services due to misconceptions and lack of awareness. Potential neo-banking users prefer not to use the service over the increasing risk of fraudulent transactions and misconceptions about lack of regulation for the industry. Users are hesitant to use the service, even though this means they will never have to […]

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Municipal bonds: few takers among investors and corporations

Only two states in India allow municipal corporations to borrow through municipal bonds. Experts say that greater awareness is needed for the public to invest in municipal bonds. Bruhat Bengaluru Mahanagara Palike’s (BBMP) revenue officials say that they are not even thinking of issuing municipal bonds for financing infrastructure projects. The BBMP presented its budget […]

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Banks all geared up to launch India’s first retail digital currency

Banks are working on facilitating inter-banking transactions to aid the new digital currency. Banks are in the process of updating their systems to facilitate transactions in the new digital currency. The banks have focused on enabling this system to current account holders like business people first, as their transaction volume is large. Pooja Chawla, Deputy […]

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