Introduction The banking system has been rapidly evolving when fintech has set its foot in the financial space. The operations and transactions have become much quicker than ever before. With just a tap, one can view their bank accounts and transact at the comfort of their home. This is not the case with the traditional banking system, as it involves a lot of paperwork, documentation, and verification. Yet, these banking models have also incorporated the art of innovative technology, enabling the world to explore banking with a distinct eye. Now, what’s the difference between traditional banking models equipped ... Read More

Introduction Although the retirement age in India is not defined, given the current life expectancy of men and women, the standard norm is anywhere between 58-60 years. Now, when a person is working, they’ll be having a proper cash flow every month. But this stable income stops when you hit the retirement age. While some people get monthly pensions even after retirement, others have to survive on their savings, or may have to find some easy work to keep them going. This is because, when people retire, they’ll endure some tough financial hardships. So, to support retirees during such a ... Read More

Introduction Small-scale industries contribute a fair share to the country’s GDP. Any investment made in this sector not only augments wealth but also improves employment in the economy. Now, for small industries to go to the next level, they need extra capital in their accounts. These types of businesses are significant for overall growth and economic development. The government came forward to support MSMEs by launching multiple schemes, and one of them being MUDRA loans. So, how exactly is this initiative helpful for the MSMEs? What are MUDRA loans? MUDRA loans is a credit financing scheme launched by ... Read More

Introduction The advent of innovative technologies and the incessant growth of smartphone users has given rise to new opportunities in the banking sector. The traditional banking, initially a popular system, slowly withered from peoples’ sight and got replaced by mobile banking. This new approach enables customers to make their financial transactions virtually via the respective banking application. Unlike the traditional banking where an account opening itself used to take days to go live, with mobile banking, the same task happens in minutes. Define Mobile Banking As the name suggests, mobile banking is the process of carrying out financial ... Read More

Introduction Budget is a blueprint consisting of the past financial information and future anticipated business outlays of the company. This financial report is prepared by companies of all sizes to know where they stand when compared to last year. Budget aids the company to be abreast of perils and challenges and prepares them for the future. Some of the crucial things that’s listed in the budget includes payroll, insurance, loans, rent, debts, and other expenses. This financial tool allows the company or entity to draft both short-term and long-term plans, giving them conducive solutions to attain their business ... Read More

Introduction The most successful investor and financial legend Warren Buffett once said “don’t save what’s left after spending and spend what’s left after saving”. So, to build a secured future, one needs to start saving better. This can happen only when you diversify your funds into different investment and financial avenues. If you are a conservative investor, the best investment product to park your funds would be government schemes. It’s risk-free and attains assured returns upon maturity, which you can use on a rainy day. Now the only difference between successful and unsuccessful investors is that the former ... Read More

Introduction The idea of zero-based budgeting and how it is used in financial management will be discussed in this tutorial. We will go through its purpose, traits, and main distinctions from conventional budgeting methods. We will also look at zero-based budgeting's advantages and disadvantages, emphasizing both of its strengths and weaknesses. Finally, examples will be given to show how zero-based budgeting might be used in real- world situations. Organizations can improve resource allocation and make better financial decisions by comprehending zero-based budgeting, increasing efficiency and effectiveness. Let us learn about zero-based budgeting, its benefits, challenges, and real-world examples in ... Read More

Introduction We will delve into the definition of wash trading, how it works, and its differences compared to market making, high-frequency trading, and its relevance in the world of cryptocurrencies. Additionally, we will discuss the reasons why wash trading is illegal and explore strategies to detect and prevent this deceptive practice. This tutorial provides an in-depth exploration of wash trading, a manipulative trading technique that distorts market activity and undermines market integrity. Wash Trading: Definition and Explanation Wash trading is a term used to describe a manipulative trading technique in which a person or institution repeatedly buys and sells ... Read More

Introduction A corporation may choose to delist its stock voluntarily for several reasons, such as amalgamation, merger, or underperformance. The corporation must provide you with two options if you own stock in the company that chooses to voluntarily delist: Your shares will be purchased back by a promoter or buyer of the company using a reverse book-building procedure. Promoters are required to advertise buybacks in the media. They accomplish this by sending a letter of offer and a bid form to each shareholder who qualifies. The price at which the greatest amount of stocks has been offered is used to ... Read More

Introduction A VA loan is a remarkable welfare of military service for eligible veterans, service members and surviving spouses. It empowers you to qualify for a low cost debt when purchasing or refinancing a home even if your credit is not perfect. If you are presently serving in the military or are a veteran, you may be entitling for a VA loan. If you are an impaired veteran, you will be eligible for more benefits. What is VA Loan? A VA loan is a type of government loan that is supported by the Department of Veterans Affairs (VA) of ... Read More