The Reserve Bank is planning to extend wholesale Central Bank Digital Currency (CBDC) for transactions for interbank borrowing or call money market, sources said on Tuesday. Illustration: Dominic......
The Aadhaar-enabled payment system, or AEPS, allows consumers who don’t have smartphones or debit cards to perform basic banking transactions like cash deposit, cash withdrawal, intrabank or......
The interest rate that Libor sets is a piece of fiction written by participating banks to suit their purpose, writes Ajit Balakrishnan Last week, I was in New York City and sylvan nearby towns such......
The Federal Open Market Committee meets regularly to decide what, if anything, to do with short-term interest rates. Stock traders almost always rejoice when the Fed cuts interest rates, but does a......
Credit cards Which is the world's first credit card?Take the Rediff Business Quiz and find out how much you know about the credit card and its origins. Biz Quiz is best viewed in Internet Explorer......