About us
“Hello! I’m Pritesh Kumar, the manager and compiler of this website. I have a background in economics, and I’ve completed JAIIB and CAIIB. Currently, I’m working in a managerial role at a leading Indian bank. On this website, you’ll find valuable information about economics, personal finance, current affairs. I’ll also share some of my political viewpoints and insights with you. Let’s dive in together and learn more about finances!”
About me
Pritesh Kumar
Banker, Author, Personal finance Advisor, Educator
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Many people suggest that one shouldn’t check one’s CIBIL score regularly as it lowers the CIBIL score. Because a common misconception related to credit score is checking it often leads to a dip in the score. One needs to note checking your own credit score directly through the bureau or a credit-score platform, is called…
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The Reserve Bank of India (RBI) is tightening regulations on peer-to-peer (P2P) credit card payments facilitated by third-party service providers, particularly fintech companies. This crackdown follows instances of retail customers using credit cards to pay rent and tuition fees through third-party apps. These apps act as intermediaries, allowing customers to make credit card payments to…
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Importance of Nominee Details: Spousal Involvement: Conclusion:
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Rising interest rates have led more people to opt for term savings plans, increasing their share in total bank deposits from 57.2% in March 2023 to 60.3% in December 2023, according to the Reserve Bank. Term deposits accounted for nearly 97.6% of total deposits from April to December 2023, while current and savings account deposits…
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The report presented to Parliament by the Standing Committee on Communications and Information Technology on February 8 raises concerns about the dominance of foreign-owned fintech apps in the Indian ecosystem. It emphasizes promoting local players to balance the market. Despite the Unified Payments Interface (UPI) commanding a significant share of total digital payments in terms…
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The Adani Group is arranging funds of ₹60,000 crore from a mix of Indian public and private sector banks, mainly led by the State Bank of India, to invest in various infrastructure projects including green hydrogen, a copper smelter unit, power, transmission, and road projects over five years. The consortium includes five public sector banks,…
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What is a Mutual Fund? According to AMFI (Association of Mutual Funds in India), a mutual fund is a pool of money managed by a professional Fund Manager. It is a trust that collects money from a number of investors who share a common investment objective and invests the same in equities, bonds, money market…
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Uttarakhand passed the Uniform Civil Code (UCC) 2024 Bill, proposing a common law on marriage, divorce, inheritance, and live-in relationships for all citizens, except tribal communities. It aims to unify personal laws across religions, ban polygamy, set a minimum marriageable age, ensure equal rights for men and women, and grant equal inheritance rights to sons…
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If you are going to your bank to deposit your hard-earned money, then be cautious. These days, most bank employees are forced to mis-sell third-party products. Their seniors often launch different types of campaigns to boost sales of these products. ‘Third-party products’ refer to mutual funds, insurance, credit cards, etc. Banks earn a commission on…
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Vijay Shekhar Sharma, CEO of One97 Communications, prioritizes compliance amidst RBI restrictions on Paytm Payments Bank. Non-compliance is seen as a hindrance to growth. Paytm plans to collaborate with other banks and anticipates a Rs 300-500 crore impact on annual EBITDA. Operational adjustments will affect lending activities, with loan origination temporarily paused. Impacts on wallet,…
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