How Will Artificial Intelligence Change The Banking Industry?

How Will Artificial Intelligence Change The Banking Industry?
Artificial Intelligence is helping banks transform operations from accounting to sales to contracts and cybersecurity. Banks are actively adopting new technologies for better growth prospects and to serve customers. With data analytics, blockchain and machine learning, banks are future-proofing their offerings and services. A computer system that can sense, comprehend, act and learn. In other words, a system that can... Read More

State Bank of India Recruitment 2019: Rs.15 Lakh Per Year Salary Offered For Multiple Posts

State Bank of India Recruitment 2019: Rs.15 Lakh Per Year Salary Offered For Multiple Posts
The State Bank of India (SBI) has invited candidates to apply for multiple posts. Candidates interested in the posts on offer can visit the official website of the bank now and fill the application form. It is to be noted that the application process started today and candidates need to fill the form on or before the last date, i.e... Read More

Bank Employee Unions Call Strike To Protest Against Mergers

Bank Employee Unions Call Strike To Protest Against Mergers
2 Lakh+ Bank Employees Will Strike On 22nd October, 2019 Against Mergers of Public Sectors Banks & Shutting Down Hundreds of Branches. Massive Bank Strike On 22nd October All India Bank Employees Association (AlBEA) along with the Bank Employees Federation of India (BEFI) have called for this strike. These two unions have 1,25,000 employees as their members, and 100% participation... Read More

Big Relief ! Government of India Announces Corporate Tax Cut

Big Relief ! Government of India Announces Corporate Tax Cut
Finance Minister Nirmala Sitharaman has announced a big reduction in income tax rate for corporates. Government of India has slashed basic corporate tax rate to 22% from 30% while for new manufacturing companies it has been cut down to 15% from 25%. The Central Government has been declaring series of measures to boost growth that had fallen to six-year low... Read More

Modi Government Extends 26% Foreign Direct Investment in Digital News Media

Modi Government Extends 26% Foreign Direct Investment in Digital News Media
The Narendra Modi government announced that it would permit up to 26% Foreign Direct Investment (FDI)  for digital media companies which stream news and current affairs. Government’s approval is required for each proposed FDI project on a case by case basis. This was previously applicable to only print media in India. The extant FDI policy provides for 49% FDI under... Read More

Aadhaar Enabled Payment System Transactions Cross 200 Million

Aadhaar Enabled Payment System Transactions Cross 200 Million
National Payments Corporation of India announced the transactions of Aadhaar Enabled Payment System (AePS) for the month of July 2019 have crossed the milestone number of 200 million. AePS allows basic interoperable banking transactions at PoS (MicroATM) through the business correspondent of any bank by using Aadhaar authentication. Praveena Rai, COO at NPCI said AePS crossing 200 million transactions mark... Read More

Finance Ministry Raised Issues on GST on Monthly Subscription Charged by Residential Welfare Association from its Registered Members

Finance Ministry Raised Issues on GST on Monthly Subscription Charged by Residential Welfare Association from its Registered Members
Residential Welfare Association provides goods and services in a housing society or a residential complex for the common use of its members. Government of India has raised some issues related to GST on monthly subscription/contribution charged by a Residential Welfare Association from its registered members. These issues have been examined and are being clarified here Are the maintenance charges paid... Read More