Mad About Money Magazine - June 2018

In this issue

In the last issue we discussed about Life after the PNB Fraud. In this issue we talk about how public sector banks are the biggest contributors of non-performing assets and call for better preventive measures, including better risk assessment systems
There is also our usual wide range of financial news and analysis. We showcase how the global Fintech industry is growing along with a picture of what’s happening in India. In the InVested Interest section we discuss relationship between your assets and yourself – financial asset investment vs investment in yourself.

Global And Indian Fintech Industry Stats

FINTECH OR FINANCIAL TECHNOLOGY REFERS TO AN INDUSTRY THAT CONSISTS OF ORGANIZATIONS THAT UTILISE TECHNOLOGY TO OFFER NECESSARY AS WELL AS ADVANCED FINANCIAL PRODUCTS AND SERVICES.

2 mins

Is Linking Core Banking And Swift By Banks Enough To Minimize Bank Frauds?

Against the worldwide S.W.I.F.T hacks taking places and specifically post the Nirav Modi case in India, the Reserve Bank of India (RBI) has issued a list of mandates on the 20th of February that each and every bank in India has to follow.

2 mins

‘Sell-In-May' Stock Market Strategy Has Not Really Worked Since 1980

‘SELL- IN- MAY –AND – GO – AWAY’ IS A COMMON SAYING IN TRADING PARLANCE WHICH WARNS INVESTORS TO SELL THEIR STOCK HOLDINGS IN MAY TO ESCAPE A SEASONAL DECLINE IN EQUITY MARKETS. ACCORDING TO THIS STRATEGY, INVESTORS REMAIN IN CASH FROM MAY TO OCTOBER WHEN MARKETS ARE DULL AND RE-ENTER THE MARKETS IN NOVEMBER WHEN THEY BEGIN TO BOUNCE BACK.

2 mins

Is 2018 The Year Of Heavy Lifting In The Banking Industry?

IN THE LAST FEW YEARS, THE INDIAN BANKING SECTOR HAS LANDED IN A CRISIS SITUATION. FROM BEING WEIGHED DOWN WITH THE NON-PERFORMING ASSETS, ACQUIRING SUBSTANTIAL LOSSES AND INCAPABLE TO ENDURE CREDIT GROWTH, ADVOCATES THAT SOMETHING HAS GONE HORRIBLY WRONG IN THE BANKING SECTOR AND NEEDS TO BE FIXED AT THE EARLIEST.

2 mins

The Indian Economy Right Now! - The Bright And The Grey Areas

AFTER A YEAR OF ECONOMIC DISRUPTIONS, MAJOR REFORMS AND DECLINING GROWTH, INDIAN ECONOMY IS SLOWLY AND STEADILY IMPROVING.

2 mins

Bugatti Veyron Grand Sports – The Most Expensive Car In India

MONEY MAY NOT BE ABLE TO BUY YOU HAPPINESS BUT IT CERTAINLY CAN BUY YOU THE MOST EXPENSIVE CAR IN THE COUNTRY.

3 mins

Read all stories from Mad About Money

Mad About Money Magazine Description:

Mad About Money is financial management with a difference. It aims to make financial freedom a reality through interactive media and personal and group connect. It is about developing a mindset apart from the general mindset – A mindset which has made the rich rich and left the poor to remain poor.

But if you believe that you can become richer than all the people you know, if you believe that you can own all the expensive things that you see, if you believe that you can buy multiple houses, or lots of jewellery or something else then you definitely can.

This is our motto.