The initiative is to Strengthen Agricultural Infrastructure
1 Days Ago
MahaMetro and Asian Development Bank Sign MoU
2 Days Ago
The Partnership is to realize the PMAY Vision of ‘Housing for All’
3 Days Ago
It is a 360-Degree Campaign to Empower Affordable Housing in India
Dec 17, 2024
It Is A One-Stop Banking Solution for Seamless Overseas Education
Dec 17, 2024
The Bank’s nationwide campaign aims to reactivate inoperative accounts, enhance customer experience and boost CASA growth
Dec 16, 2024
REC signs MoA with THDC under CSR
Dec 14, 2024
This decision acknowledges the impact of inflation and the increasing cost of agricultural inputs on farmers.
Dec 14, 2024
Department of Post, Government of India will be releasing the sheets of these Customized My Stamps, which will be available for sale to public on the portal www.epostoffice.gov.in.
Dec 14, 2024
These actions on 4 coop banks are based on deficiencies in regulatory compliance
Dec 14, 2024
YES BANK to empower MSMEs and Businesses
Dec 13, 2024
India at 75 and at 100 – The Journey Ahead
Dec 13, 2024
Women-led Self-Help Groups (SHGs) constitute 58% of total SHGs, demonstrating the transformative role of women in driving financial empowerment
Dec 13, 2024
Innovative Model GRO SCORE has assessed over 1.7 lakh loan applications, analyzing over 5.6 lakh bureau records, 2.3 lakh bank statements, and 80,000 GST reports, unlocking vital capital for MSMEs across India
Dec 11, 2024
Mr. Rakesh Jha, Executive Director, ICICI Bank and Mr. Mike Vacy-Lyle, Group Executive of Business Banking, CBA signed the MoU.
Dec 11, 2024
The Centre is launched to grow the Retail Assets business & deliver best in class customer experience
Dec 10, 2024
Baroda Smart OD, Baroda Mahila Swavalamban Launched
Dec 09, 2024
The launch in India is part of a global programme to offer elevated travel, exclusive access and exceptional lifestyle experiences to its clients.
Dec 09, 2024
RBI expected to cut rates in February 2025 cumulative 75 bps and such a decision is unlikely to be impacted by what is happening to $
Dec 07, 2024
Raising the FCNR (B) deposit rates, development of the Secured Overnight Rupee Rate (SORR) benchmark and revision in limit of collateralised agriculture loans are all positive for banks
Dec 07, 2024
First Cut Anticipated In February, But….; The growth forecast was revised down by 60bps
Dec 06, 2024
Tranche I Issue Opens on December 6, 2024 and closes on December 19, 2024
Dec 05, 2024
Physical Stores preferred by 90% Indian Retailers across generations: Study
Dec 05, 2024
Easing Access to Affordable Credit, 25 bps on group loans and 125 bps on third-party product loans
Dec 04, 2024
Great Place To Work® India honors organizations that exemplify exceptional leadership and prioritize employee well-being.
Dec 04, 2024
The bank felicitated three specially-abled employees for their remarkable achievements: Shri Sandeep Negi for winning the Gold medal in Para Taekwondo at the National Championship 2024, Shri Parveen Sharma for representing India in the Visually Impaired Indian Team that won the T-20 World Cup in 2022, and Kumari Pooja Gupta for securing the bronze medal in the World Boccia Challenger Series 2024 in Bahrain.
Dec 04, 2024
Partnership is to expand financial access for emerging India
Dec 04, 2024
The bill allows bank account holders to nominate up to 4 nominees in their accounts; FM Nirmala Sitharaman: Total branches of the Scheduled Commercial Banks have increased by 3,792 in the last year to reach 1,65,501 in September, 2024
Dec 04, 2024
Make the process of activation of such accounts smoother and hassle free, including by enabling seamless updation of KYC through mobile/internet banking, non-home branches, Video Customer Identification Process, etc.
Dec 03, 2024
Assistive Devices distributed, in coordination with ALIMCO, to approximately 9000 Divyangjan at 20 locations across India
Dec 03, 2024
Given the rather uncertain global environment and the possible impact on inflation and the fact that currently inflation has been averaging close to 5.9% in the last two months, a status quo on repo rate will be the logical outcome from the policy.
Dec 03, 2024
Bank of India Mutual Fund announces New Fund Offer; The fund is suitable for investors looking for long-term growth and seeks to generate returns by seizing the expansion potential of India's consumer-driven economy.
Dec 03, 2024
As such, the above company shall not, hereinafter, transact the business of a Non-Banking Financial Institution (NBFI), as defined in clause (a) of Section 45-I of the RBI Act, 1934
Dec 03, 2024
The Honor Celebrates CMD of Satin Creditcare Singh’s Role in Driving Sustainable Development, Inclusion and Financial Empowerment in the Field of Microfinance
Dec 02, 2024
This latest digital lending solution from Muthoot FinCorp Ltd. empowers small business owners through seamless credit offering on QR-code based transactions.
Dec 02, 2024
SBI launches a nation-wide drive encouraging customers to re-activate their inoperative accounts
Nov 30, 2024
Housing loans recorded accelerated growth (y-o-y)
Nov 30, 2024
Even though we believe India is among those less at risk from tariffs relative to Asia's more open economies, it is not immune.
Nov 30, 2024
The issue received a strong response from investors with a total of 120 bids received for Rs9,500 crore
Nov 28, 2024
They enter into a strategic bancassurance partnership
Nov 28, 2024
DBS high net worth customers can now avail premium banking in all of DBS’s six key markets in Asia; being a DBS Treasures customer in one market gives them the same DBS Treasures privileges in all DBS markets
Nov 28, 2024
India Post Payments Bank has 650 branches and over 1.63 lakh access points through the post office network. The bank has opened 6,80,794 accounts in Sambhaji Nagar (Aurangabad) district in Maharashtra
Nov 28, 2024
PNB Launched 24*7 NRI Customer Service Centre & New Offerings
Nov 27, 2024
The Pragati account is meant for Semi-Urban and Rural India and it aims to build a comprehensive banking ecosystem for India’s agricultural sector, including farmers (both traditional and those in cattle breeding, fisheries, poultry, and dairy farming), self-employed individuals, rural residents, self-help groups, and cooperatives
Nov 27, 2024
The share of female borrowers’ loans to individuals has been rising gradually and it stood at 23.6 per cent in September 2024
Nov 26, 2024
Of the total deposits, 51.4 per cent was held by individuals; female depositors owned nearly 40 per cent of the deposits by individuals.
Nov 26, 2024
These actions on 4 coop banks are based on deficiencies in regulatory compliance
Nov 26, 2024
SBI has sanctioned a limit of Rs500 crore under the co-lending model, to be disbursed in tranches of Rs100 crore. Identified and eligible customers can avail of loans ranging from Rs50,000 to Rs3 lakhs
Nov 23, 2024
The action is based on deficiencies in statutory and regulatory compliance
Nov 22, 2024
The collaboration is aimed at contributing to the ongoing growth of India’s ride-hailing industry.
Nov 22, 2024
These actions on 5 coop banks are based on deficiencies in regulatory compliance
Nov 21, 2024
Key initiatives will include the development of real-time monitoring systems, early warning mechanisms, and advisory services to mitigate climate risks such as droughts, floods and heatwaves
Nov 21, 2024
18-year-old D Gukesh will challenge the reigning world chess champion Ding Liren this week at the World Chess Championship in Singapore
Nov 21, 2024
The scheme covers establishment of 2 Nos. HVDC terminal stations of 6000 MW at KPS2 and Nagpur, + 800 kV HVDC Bipole line (Hexa Lapwing) from KPS2 to Nagpur (1200 km), 6x1500 MVA, 765/400 kV ICTs at Nagpur S/s along with associated works.
Nov 20, 2024
The bond is benchmarked against the 5yr US Treasury and priced at a spread of 82 bps over the benchmark. The bonds will be listed on SGX-ST and India INX.
Nov 19, 2024
The bond is benchmarked against the 5yr US Treasury and priced at a spread of 82 bps over the benchmark. The bonds will be listed on SGX-ST and India INX.
Nov 19, 2024
The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of supersession beyond the close of business on November 23, 2024
Nov 18, 2024
The investors are across provident funds, pension funds, insurance companies, mutual funds etc.
Nov 18, 2024
The investors are across provident funds, pension funds, insurance companies, mutual funds etc.
Nov 18, 2024
The country’s largest bank empowers entrepreneurs through Jagriti Yatra 2024 to Drive India’s Vision of a ‘Viksit Bharat’
Nov 17, 2024
Subsidiary Sammaan Finserve reoriented as Affordable Housing Financier
Nov 16, 2024
The performance of PSBs is measured on five themes under EASE 7.0, in which, Union Bank of India emerged on top under the theme ‘Banking towards Viksit Bharat'
Nov 16, 2024
The Adam Smith Awards ASIA 2024 is for Best Funding Solution
Nov 15, 2024
Swaminathan J: Room For UCBs’ Growth In Biz, Asset Quality, Liquidity
Nov 15, 2024
Standalone Loan Assets Under Management (AUM) crosses landmark of Rs. 90,000 crores
Nov 14, 2024
Karnataka Bank launches two student-centered products – the KBL Peak Education Loan and the KBL Genius Savings Account
Nov 13, 2024
Rate Cut Chances are Now Fading For Rest of FY25
Nov 12, 2024
The UBS India Summit, a cornerstone industrial conference in India for over 20 years, is taking place this year for the first time following the integration of UBS and Credit Suisse.
Nov 12, 2024
Bank of India has reported an increase in Net Profit by 63% YoY to Rs.2,374 Cr
Nov 12, 2024
The action is based on deficiencies in statutory
Nov 08, 2024
SBI’s Q2 Net Profit 28% at Rs183.31 Bn; India’s largest lender’s Gross NPA ratio stands at 2.13%
Nov 08, 2024
SBI is well-positioned to play a pivotal role in shaping a brighter, more inclusive future for India's youth
Nov 07, 2024
Dr. Soumya Kanti Ghosh argues: “We must refrain from policy mistakes promising undesirable short term fiscal bonanza like loan waivers, unscientific and universal crop price guarantees should be avoided. Farm loan waivers have been a self-inflicted Harakiri, distorting the credit culture of borrowers and not even marginally serving the purpose in the medium to long term...similarly, only MSP driven agricultural growth is more fiscally extravagant and results in extreme ground water depletion;
Nov 06, 2024
Profit After Tax (PAT) de-grew by 43.8% YoY from Rs109 crore to Rs62 crore
Nov 06, 2024
With customers expecting end to end tracking of their food delivery or even a parcel, IDFC FIRST Bank has pioneered in providing the same for a critical service like cross-border payments
Nov 05, 2024
One out of every third Magnet users is below the age of 25
Nov 05, 2024
These actions on 5 coop banks are based on deficiencies in regulatory compliance
Nov 04, 2024
A Trump victory is likely to create a more stringent tariff policy, especially for China; US elections: Policy and economics will determine global currency outlooks; Trump Presidency to be a bigger drag on fiscal than Harris’; Global risk aversions could continue to pose headwinds for FPI flows into India after a USD 11 bn outflow in October
Nov 02, 2024
The report finds that economic growth and building resilience to climate change go hand-in-hand, estimating that a 10% increase in GDP per capita will reduce the number of people who are most vulnerable by about 100 million; 1.2 Billion People at High Risk from Climate Change Worldwide
Nov 02, 2024
Mr. Mishra's contributions include pioneering initiatives like the establishment of Start-Up branches at IIIT Hyderabad and IIT Madras, and leading 3,245 business solutions at the Bank level
Nov 02, 2024
Credit growth to industry improved to 9.1 per cent (y-o-y) in September 2024 compared with 6.0 per cent a year ago
Oct 31, 2024
During the course of investigation, it was revealed that the accused company Surya Pharmaceuticals and its Directors/Promotors Rajiv Goyal and Alka Goyal had caused wrongful loss worth Rs.828.50 Crore to the Consortium of banks led by the State Bank of India (SBI) and obtained illegitimate gain to themselves by way of criminal activities
Oct 30, 2024
Get Ready to Rock for Maroon 5’s Historic Debut Concert in India
Oct 30, 2024
The partnership is to offer enhanced digital Escrow Services in India
Oct 30, 2024
Customers can now buy digital gold anytime, anywhere, by investing as little as Rs.10.
Oct 29, 2024
The Partnership is to empower MSEs with Solar Energy Financing solutions
Oct 29, 2024
Its Return on Assets (RoA) for Quarter crossed 1% Mark
Oct 28, 2024
The lender has surpassed 1000 Cr Milestone for Second Straight Quarter.
Oct 28, 2024
Gross NPA ratio was 0.60% on September 30, 2024
Oct 28, 2024
The 'Bharosa Meter' visually reflects the ups and downs of trust, making an abstract concept more tangible and relatable
Oct 28, 2024
The 'Bharosa Meter' visually reflects the ups and downs of trust, making an abstract concept more tangible and relatable
Oct 28, 2024
Through this co-brand partnership Mahindra Finance aims to tap into the growth potential, aligning with the adoption of e-commerce and technological advancements seen even in non-metro locations.
Oct 28, 2024
female tax filers are around 15% of the individual tax filers; The quantum of ‘crorepati’ taxpayers rose 5x to 2.2 lakh in AY24 (against 0.4 lakh in AY14); How Tax Simplification has given a necessary fillip to ITR Filing
Oct 28, 2024
ED initiated investigation for committing fraud against banks by using bogus documents. SBML has caused loss to the banks approximately of Rs220 Crore
Oct 27, 2024
31st Annual Best Bank Awards ceremony of Global Finance Magazine was held during World Bank and International Monetary Fund meetings in Washington DC
Oct 27, 2024
IDFC FIRST Bank has recorded Q2 FY25 PAT at Rs201 crore
Oct 26, 2024
NPA Provision Coverage Ratio (PCR) at 70.0% v/s. 56.4% in Q2FY24 and 67.6% in Q1FY25
Oct 26, 2024
REC records the highest ever half yearly profit of Rs7,448 crore
Oct 26, 2024
Indian banks increased their overseas presence during 2023-24 both in terms of balance sheet size as well as in terms of number of branches and employees
Oct 25, 2024
The HFC's PAT Surges 50% to Rs. 90 Cr
Oct 25, 2024
The lender's Q2 FY25 PAT up 30% YoY, at Rs 937 crore
Oct 25, 2024
Gross Advances Portfolio of Rs9,360 Cr, up 35.2% YoY
Oct 25, 2024
The Gross NPA as on September 30, 2024 was at 3.29%
Oct 25, 2024
The disbursement during Q2 FY25 grew by 27.8% YoY and 21.5% QoQ to INR 5,341 crore
Oct 25, 2024
The country’s largest lender raised Rs. 5,000 crores through its first Basel III compliant Additional Tier 1 bond issuance today for the current financial year at a coupon rate of 7.98%
Oct 24, 2024
The aggregate business of the Bank stood at Rs. 1,75,284.08 crores (on a gross basis) for Q2FY25 compared to Rs. 1,56,467.71 crores in Q2FY24 registering a Y-o-Y growth of 12.03%
Oct 23, 2024
A Group level initiative for engagement with the start–up ecosystem
Oct 23, 2024
This festive season, Equitas SFB's App is launched to boost growth for small businesses
Oct 23, 2024
The DataTech NBFC advances towards becoming India’s largest small business financing institution
Oct 22, 2024
Stable Market Share in Passenger Vehicles and Tractors
Oct 22, 2024
Lenders will have to revisit policies and processes to ensure compliance
Oct 22, 2024
Capital Adequacy at 18.8% with Tier-1 CRAR of 17.8%. Strong liquidity with LCR of 261%
Oct 21, 2024
It is a New Division to drive Electric Vehicle Financing
Oct 21, 2024
It is a New Division to drive Electric Vehicle Financing
Oct 21, 2024
Extension Follows Growth In Cross-Border Payments
Oct 21, 2024
Net Interest Income (NII) grew by 29.33% YoY to Rs873 crore, versus Rs675 crore in the previous year
Oct 20, 2024
The Bank’s consolidated net revenue grew by 14.7% to ? 760.4 billion for the quarter ended September 30, 2024 from ? 663.2 billion for the quarter ended September 30, 2023.
Oct 19, 2024
Operating Expenses grew 13% YoY to Rs1,632 crore; Cost to Income ratio improved to 64.2% vs 66.5% for Q2 FY24
Oct 19, 2024
At the consolidated level, Return on Assets (ROA) for Q2FY25 (annualized) was 2.53% (2.68% for Q2FY24). Return on Equity (ROE) for Q2FY25 (annualized) was 13.88% (14.99% for Q2FY24).
Oct 19, 2024
The company's AUM at Rs10,112 crore, is up 6% Q/Q from Rs9,565 crore in Q1 FY25
Oct 18, 2024
As of September 30, 2024, Proposed Transaction comprises a total loan outstanding of around Rs4,100 crore (equivalent to $490 million).
Oct 18, 2024
RBI issued Directions to the following NBFCs to cease and desist from sanction and disbursal of loans
Oct 18, 2024
'How India Borrows 2024 Study' by Home Credit India Shows Aspirational-led Borrowing Trends, Growing Digital Adoption, Increased Reliance on EMI Cards and App-Based Banking
Oct 17, 2024
HDFC Bank has been granted a wholesale banking license by the Monetary Authority of Singapore (MAS) effective 15th October 2024.
Oct 16, 2024
With the addition of over 20 Lakh new customers in H1, the Company has served over 1.6 Crore customers till date
Oct 16, 2024
With the addition of over 20 Lakh new customers in H1, the Company has served over 1.6 Crore customers till date
Oct 16, 2024
To Revolutionize Secured Lending, ABHFL Launches Home Loans and Loans Against Property for BharatPe’s merchant partners
Oct 15, 2024
SVC Co-operative Bank received the recognition as the third best bank by The Maharashtra Urban Co-operative Banks' Federation Ltd. for the year 2023-24 in the prestigious category of 'Banks with Deposits Over Rs 5,000 Crore.'
Oct 12, 2024
ED initiated investigation on the basis of 4 FIRs registered by the CBI, ACB, Srinagar wherein Ishtiyaq Ahmad Parray, the then Branch Manager, JKGB & 10 Others were charge-sheeted for embezzlement of Rs. 6.30 Crore by sanctioning of KCC/JLG/Vehicle loans etc. fraudulently to the non-existent borrowers
Oct 11, 2024
Preeti is passionate about effectively aligning people strategy with business objectives and in enabling individuals to unleash their inherent potential with extensive use of technology. She is a certified Coach and psychotherapist.
Oct 10, 2024
EFFECTIVE ANNUALIZED YIELD UP TO 10.91% PER ANNUM
Oct 10, 2024
The RBI’s emphasis on customer protection and compliance aligns well with leading lenders’ commitment to responsible credit lending practices
Oct 09, 2024
Discussion Paper on Capital Raising Avenues for Primary (Urban) Co-operative Banks will be issued
Oct 09, 2024
NBFC expands its reach for Green Financing across India, empowering underserved communities with sustainable financing solutions
Oct 08, 2024
The handbook serves as a knowledge product, offering actionable insights and strategies for stakeholders across the housing and finance sectors, promoting gender inclusivity and sustainable housing.
Oct 07, 2024
Bank of Baroda Introduces the ‘bob Masterstroke Savings Account’ a premium bank account offering a plethora of services
Oct 07, 2024
Indian Banks increasingly adopting Gen-AI/AI tools to boost productivity, reduce cost
Oct 07, 2024
A level playing tax regime for bank deposits in accordance with other asset classes is now a must
Oct 06, 2024
Authorised for GST payment by Government of India
Oct 05, 2024
State Bank of India organized a blood donation camp in association with Tata Memorial Hospital at its corporate centre in Mumbai. A total of 220 staff members donated blood
Oct 05, 2024
Green loans up by 92.68% to Rs11,297 crore
Oct 05, 2024
Equitas Small Finance Bank's Total Deposit as of 30th September 2024 at Rs39,859 Crs, up 29.3% YOY and 6.2% QOQ
Oct 05, 2024
This facility has been enabled in addition to the existing GST payment facilities through net banking and bank branches.
Oct 05, 2024
Banks shall require prior approval of the Department of Regulation, Reserve Bank of India to undertake any new activity through a group entity, other than those already permitted
Oct 04, 2024
Ahmedabad DCCB has solidified its reputation as the 'Tirth Sthan' (Place of Pilgrimage) for all cooperative banks: Union Minister for Home Affairs and Cooperation Amit Shah
Oct 04, 2024
BOI’s digital Initiative and BOI Mobile Omni Neo app shall also help the Coal India personnel at remote areas to stay connected and get easy access to bouquet of Financial Solutions.
Oct 04, 2024
A total of 40 investors participated in the final issuance, with 92% of the funds raised from Asia and 8% from EMEA
Oct 04, 2024
As of September 2024, the Inclusive Finance portfolio is ~ 56% of the Gross Advances, out of which over 95% is covered under the CGFMU Scheme
Oct 04, 2024
The industry is facing a problem in establishing authentic customer identity and this eKYC facility will help Arohan in overcoming this problem
Oct 03, 2024
Union Bank of India commemorates Mahatma Gandhi Jayanti with impactful initiatives
Oct 03, 2024
UGRO Capital launches 10k celebration run and unveils the UGRO anthem
Oct 03, 2024
It is alleged in the FIR that unknown persons forging the documents and identities had opened bank accounts and used them to deposit demonetized bank notes which was subsequently transferred to their actual entities through multiple layering
Oct 03, 2024
Amitabh Kant lauds IBC for helping India jump 79 positions from 142 in 2014 to 63 in 2016 in World bank's Ease of doing business Index
Oct 03, 2024
Under the strategic tie up IIFL HFL will leverage ITCMAARS (Meta Market for Advanced Agricultural Rural Services) to address the financial requirements
Oct 03, 2024
Growth was robust in Auto loans, home loans, personal loans, gold loans, property loans and unsecured business loans.
Oct 03, 2024
Customers of the Bank can avail of these offers and get discounts of up to Rs40,000, by using their credit/debit cards, internet banking, cardless EMI and consumer finance
Oct 01, 2024
InvestorAi is an AI-recommended equity investments solutions working with top 7 broking firms in India
Oct 01, 2024
This action is based on the deficiencies in regulatory compliance
Oct 01, 2024
Personal loans growth moderated to 16.9 per cent (y-o-y) in August 2024 as compared to 18.3 per cent a year ago
Oct 01, 2024
State Bank of India successfully concluded its ‘Fitness Fortnight 2024’ from September 16 to 30 that coincided with the World Heart Day on September 29, 2024.
Sep 30, 2024
BASIC plans to Use New Funding to Broaden Market Reach, Develop Its Lending Portfolio, and Strengthen Technological Expertise
Sep 30, 2024
Kinara Capital struck two wins with a Platinum Award in the ‘SME Financier of the Year – NBFI, MFI, Fintech Global’ category and a Silver Award in the ‘SME Financier of the Year – Asia’ category
Sep 30, 2024
Capital markets to remain attractive even as securitisation, FCB gaining traction
Sep 30, 2024
PNB successfully raises Rs 5000 Crore Equity Capital via Qualified Institutions Placement
Sep 28, 2024
TMB plans to expand its footprint beyond Tamil Nadu, with a special focus on the MSME sector, retail growth and digital banking services.
Sep 28, 2024
The comprehensive report titled "India Risk Report 2024" provides a deep dive into the evolving landscape of risk culture within India Inc., offering valuable insights into how organizations can build resilience in an increasingly complex risk environment.
Sep 27, 2024
These actions on 2 coop banks are based on deficiencies in regulatory compliance
Sep 26, 2024
The bank launches Special 400 Days Fixed Deposit in Festive Season
Sep 26, 2024
Jyotindra Mehta, Chairman of the Gujarat Urban Cooperative Banks Federation, said that the upcoming century will mark the era of Urban Cooperative Banks, especially with 1,480 cooperative banks operating throughout India, including Gujarat; Daily, over Rs150 crore is disbursed to milk producers in Gujarat through DBT: Jagdish Vishwakarma
Sep 26, 2024
This collaboration will ensure a seamless journey for Impact Entrepreneurs across India to avail working capital funding without any collateral
Sep 26, 2024
“Kisi Din Zindagani Mein, Karishma Kyun Nahi Hota; Main Har Din Jaag Toh Jaata Hoon, Zinda Kyun Nahi Hota”; Renowned poets Rajesh Reddy, Arun Jaimini, Chirag Jain, and Aman Akshar recited their poetry at the event
Sep 26, 2024
The bank celebrates 8 years of driving communities and creating impact
Sep 25, 2024
Imprisonment with total fine of Rs two lakh
Sep 25, 2024
The lender has raised Basel III compliant bonds @ 7.49% p.a. through NSE Electronic Bidding Provider Platform
Sep 25, 2024
To provide business loans and Loan against Property (LAP) to MSMEs
Sep 25, 2024
To provide business loans and Loan against Property (LAP) to MSMEs
Sep 25, 2024
SIDBI Recorded highest-ever net profit of Rs4,026 crore, a 20% increase y/y
Sep 25, 2024
The latest exercise, tracing its roots to 1872, is likely to begin soon providing a range of data mirroring changing perceptions and myriad expectations of a digital-heavy India that has undergone rapid changes in the last decade
Sep 24, 2024
The new AV is LIVE across digital platforms including Home Credit India’s social channels such as Facebook, Instagram, X (Twitter) , YouTube & LinkedIn.
Sep 24, 2024
Mr. CS Setty’s visit to Hyderabad was also marked with the inauguration of vigilance workshop at Hyderabad’s State Bank Staff College as well as motivational address to branch managers of Hyderabad & Secunderabad zones I
Sep 24, 2024
TransUnion CIBIL, today, launched the latest edition of the TransUnion CIBIL Credit Market Indicator (CMI) report, containing data and insights for the quarter ending June 2024.
Sep 23, 2024
Technological advancement and green energy will play a pivotal role. Higher economic activities will generate credit opportunities
Sep 22, 2024
Digitalisation is the way forward for the increase in size and scale of MSMEs
Sep 20, 2024
FOMC: A Bold First Step
Sep 20, 2024
By serving the underserved and empowering the MSME sector, we are contributing to a truly inclusive; Viksit Bharat; said Nidhu Saxena, MD & CEO, Bank of Maharashtra
Sep 20, 2024
Can India Remain Competitively Attractive To FPIs?; The State Bank of India’s Economic Research Department has come out with a research report titled "US Fed slays the rates by 50 bps but adopts a cautious, non-linear outlook"
Sep 19, 2024
NPS Vatsalya is a pension account for minors
Sep 18, 2024
The country’s largest lender raised Rs. 7,500 crores today at a coupon rate of 7.33% through its second Basel III compliant Tier 2 bond issuance for the current financial year.
Sep 18, 2024
The PaisaSave Credit Card is designed to reward frequent shoppers by offering substantial cashback on everyday purchases, both online and offline, making it a must-have for the value-conscious customers
Sep 18, 2024
The PaisaSave Credit Card is designed to reward frequent shoppers by offering substantial cashback on everyday purchases, both online and offline, making it a must-have for the value-conscious customers
Sep 18, 2024
Rupee touched its record low level in last few days of the 1st fortnight of Sep’24 (83.98/$), at a time when US$ was showing some signs of strengthening
Sep 17, 2024
The partnership with Digital India's Common Service Centers to Enhance Credit Access for Bharat's Budget Customers
Sep 16, 2024
The Bank's focus on rural development reflects its continued commitment to fostering sustainable growth and uplifting vulnerable communities
Sep 16, 2024
The fund raise puts the company in a strong position to achieve its target of over INR 2,500 crore AUM by FY26, and the company plans to keep raising capital going forward
Sep 13, 2024
This is the Bank’s third Phygital branch launched in the country
Sep 13, 2024
This project has been identified by Ministry of Power as one of the projects for capacity addition by 2030
Sep 12, 2024
IT reduces the time-inconsistency problem of monetary policy; IT offers more flexibility, inflation targets are set as a medium-term goal; consequently, short-term deviations from the target may not harm credibility. IT also allows stabilizing output without sacrificing the inflation target
Sep 12, 2024
FICCI-IBA Bankers’ Survey (January - June 2024): NPA levels on a decline; Majority expect gross NPAs to be in the range of 2.5 - 3 per cent
Sep 11, 2024
The round was led by prominent global investors Accion, Nuveen, Fundamentum, and existing investor Maj Invest
Sep 11, 2024
With an interest rate of up to 9.10%, SSFB offers one of the highest rates for term deposits amongst its peers
Sep 11, 2024
This partnership aims to broaden credit card access to customers across metro and non-metro cities in India by combining RBL Bank’s deep expertise in credit card offering with DMI’s strong track record of driving digital financial inclusion at scale.
Sep 11, 2024
The MD & CEO and EDs introduced nine new products designed to further enhance the bank’s customer-first approach and digital capabilities
Sep 10, 2024
These actions on 4 coop banks are based on deficiencies in regulatory compliance
Sep 09, 2024
The MFI aims to create 1500+ job opportunities to boost employment and youth skilling
Sep 09, 2024
Bandhan Bank customers and others can pay their Goods and Services Tax in a fast, seamless and convenient manner through the Bank’s Retail Internet Banking, and Corporate Internet Banking platforms
Sep 09, 2024
A dedicated unit for co-lending business of NBFCs
Aug 29, 2024
Bank of Maharashtra today has marked a significant milestone in its journey towards innovation and excellence by launching its state-of-the-art branch functional within the premises of Supreme Court of India
Aug 29, 2024
These actions on 2 coop banks are based on deficiencies in regulatory compliance
Aug 29, 2024
Diversification, penetration supportive; alternate liabilities strategies to gain momentum
Aug 26, 2024
Deposit Growth Amidst Regulatory Focus on Deposit Accretion
Aug 26, 2024
The financing is for various upcoming projects of JNPA, which includes development of Vadhavan Port.
Aug 25, 2024
The 1870 war and then the Paris Commune disrupted the life of the Banque de France, which nevertheless manages to safeguard its funds
Aug 25, 2024
This outcome reflects the Bank's resilient performance, strategic foresight, and dedication to enhancing shareholder value.
Aug 24, 2024
These actions on 5 coop banks are based on deficiencies in regulatory compliance
Aug 23, 2024
The cheque towards dividend @ 25% on the share capital of 76.32 crore held by Government of India
Aug 23, 2024
This partnership aims to serve customers in the unorganized sector, including self-employed or salaried individuals who are often unable to access formal credit due to insufficient income documentation.
Aug 23, 2024
This partnership aims to serve customers in the unorganized sector, including self-employed or salaried individuals who are often unable to access formal credit due to insufficient income documentation.
Aug 23, 2024
With the new branch, Muthoot Microfin has expanded its network to 20 states serving over 3.4 million customers.
Aug 23, 2024
Avni - a savings account product exclusively designed for female customers
Aug 22, 2024
Efficient Capital Labs Raises $11 Million in Series A Funding; QED Investors and 645 Ventures co-lead latest round
Aug 22, 2024
Some Bit Of Crowding Out Of Bank Deposits By MF Is Noticeable
Aug 20, 2024
The digital healthcare platform will offer health and wellness solutions to Bank of Baroda’s employees
Aug 20, 2024
CASA deposits are prone to UPI transactions and thus could be moving across the banking system
Aug 19, 2024
Over the next 10 years, an unprecedented 1.2 billion young people in the Global South will become working age adults
Aug 18, 2024
Sales Growth For Non-BFSI Sector Is Much More Somber At 5.2% In Q1 FY25; Financial performance of corporates in Q1 FY25:
Aug 17, 2024
In a career span of more than 35 years, he has handled various assignments, mostly in the Corporate A/c Group, handling large Corporates.
Aug 17, 2024
Bijoy Thaplial appointed as the Chief Business Officer – Leasing, Partnerships, and Payments and Mod Narayan Singh appointed as Chief Compliance Officer (CCO)
Aug 16, 2024
Growth in disbursements maintained; low LTV to cushion gold price volatility
Aug 16, 2024
Both the banks have issued a statement that as the matter is currently sub-judice, they are unable to provide any specific comments at this time
Aug 15, 2024
PNB strongly advises its customers to avoid clicking on APK files or links from unverified sources and to follow certain precautionary steps to safeguard against such cyber frauds
Aug 14, 2024
29.08% growth in consolidated loan disbursements with Assets under Management (AUM) at Rs39,256.92 crore
Aug 14, 2024
The show is scheduled to go snorting out on laughter and learning across seven cities in India - Mumbai, Delhi, Bengaluru, Hyderabad, Pune, Chennai and Ahmedabad from September 21, 2024
Aug 14, 2024
The NBFC declares Interim Dividend of Rs1 per Share
Aug 13, 2024
These actions on 2 leading HFCs and 1 leading NBFC are based on deficiencies in regulatory compliance
Aug 13, 2024
Bank introduces new bucket of 1 year 9 months
Aug 13, 2024
The new instructions shall be applicable from the date of issue of the circular
Aug 12, 2024
Flagship campaign in association with CNBC-TV18 will celebrate and deepen bilateral relations between the two economies
Aug 12, 2024
Though, transactions through cheque has been declined significantly and remained stagnant within Rs65-70 lakh crore during the last 3-years but Continuous Clearing of Cheques under Cheque Truncation System (CTS) will help customers in releasing their value quickly.
Aug 11, 2024
CBI laid a trap and caught said accused (public servant) and his associate (private person) red-handed while demanding and accepting bribe of Rs30,000 from the complainant
Aug 10, 2024
The new cheque clearing norms will ensure ‘on realisation settlement; Seems like we must remain patient regarding any potential changes in stance or rate cuts
Aug 10, 2024
AUM of INR 746 crore in Q1 FY25 up 93% compared to INR 386 crore in Q1 FY24
Aug 09, 2024
These actions on 2 coop banks are based on deficiencies in regulatory compliance
Aug 09, 2024
The proposed public repository for digital lending apps is a significant move towards enhancing oversight and protecting customer interest
Aug 08, 2024
Views Of Madan Sabnavis, Chief Economist, Bank of Baroda; Achala Jethmalani, Economist, RBL Bank; Siddhartha Sanyal, Chief Economist and Head of Research, Bandhan Bank; Anil Gupta, Senior Vice President Co Group Head - Financial Sector Ratings, ICRA; Debopam Chaudhuri, Chief Economist of the Piramal Group
Aug 08, 2024
How does RBI fare vis-à-vis other global central banks?
Aug 08, 2024
Data License is to access reliable, high-quality reference data and to streamline their portfolio management
Aug 07, 2024
The NBFC has served over 1.5 Crore customers till date
Aug 07, 2024
2024 grant awardees to receive up to INR 1.5 CR (SGD 250,000) in funding; Applications open until August 30, 2024
Aug 07, 2024
Government of India has approved the continuation of the Modified Interest Subvention Scheme (MISS) for the financial year 2024-25 with certain stipulations
Aug 06, 2024
Its multimedia campaign celebrates commitment to innovation and bespoke services
Aug 06, 2024
29.37 crore (55.6%) accounts belong to women and about 35.15 crore (66.6 %) accounts opened in rural and semi-urban areas under PMJDY
Aug 06, 2024
Credit growth to services sector moderated substantially to 15.1 per cent (y-o-y) in June 2024 from 26.8 per cent a year ago, primarily driven down by lower credit growth in ‘non-banking financial companies (NBFCs)’ and ‘trade’ segments.
Aug 04, 2024
World Bank’s New research offers a 21st century playbook for high-quality growth: “Middle-Income Trap” Hinders Progress in 108 Developing Countries
Aug 03, 2024
Net Profit of BoI for the quarter improved by 10% YoY and stood at Rs1,703 Cr for Q1FY25
Aug 03, 2024
Net NPA ratio of the lender at 0.57% improved by 14 bps YoY
Aug 03, 2024
Stressed Assets ratio has decreased to 2.55% from 3.21% Y-o-Y
Aug 03, 2024
RBI issued fresh instructions with a view to bringing about uniformity in the treatment of BDDR for prudential purposes
Aug 03, 2024
The lender’s Net total income stood at Rs363.4 crores in Q1FY25 an increase of 31.8% year on year; Gross Advances grew by 41.8% to Rs9,037 crores
Aug 02, 2024
The FinTech sector is looking balanced according to the report. 57% of respondents plan to increase their workforce, 20% intend to decrease it, and 23% foresee no change
Aug 01, 2024
This integration makes RBL Bank the first private sector bank in India to offer such a comprehensive suite of payment capabilities in a single card.
Aug 01, 2024
Powered by RuPay On-The-Go, the smartwatch enables contactless payments up to INR 5000 without PIN
Aug 01, 2024
Return on Assets (ROA) of the lender remains consistently above 1% for 8 quarters and stands at 1.13% for Q1FY25.
Jul 31, 2024
Ugro Capital’s AUM of INR 9,218 Cr, up 36% (YoY)
Jul 31, 2024
Bank has hiked its rate for Fixed Deposits amounting less than Rs3 Crore and now offering 6.00% for 180 days to less than 1 year
Jul 31, 2024
Loans worth Rs4,338 Crore Provided to Over 1 Lakh SHGs in Gujarat
Jul 30, 2024
A Collaboration to Enhance Credit Accessibility and Affordability for MSMEs Across India
Jul 29, 2024
Punjab National Bank’s net profit increased Y-o-Y by 159% to Rs3,252 Crore In Q1FY25
Jul 27, 2024
Manoj Mittal has over 33 years of extensive experience in the Finance secto
Jul 27, 2024
Draft report on New National Cooperation Policy, prepared by the National Level Committee, under the chairmanship of Shri Suresh Prabhakar Prabhu, has been received, the draft policy has been prepared and is under finalization
Jul 27, 2024
Gross NPA ratio improved by 208 bps and Net NPA ratio improved by 36 bps.
Jul 26, 2024
Robust improvement across major financial metrics
Jul 26, 2024
The entire range of insurance products will now be accessible across Karnataka Bank's 915 branches, reaching over 13 million customers nationwide
Jul 26, 2024
Disbursement grew by 19% YoY to INR 4,398 crore
Jul 25, 2024
With over 25 years of distinguished experience in Legal and Compliance, Honnesh brings valuable expertise to the role. As Group General Counsel, he will oversee Legal, Secretarial, and Compliance functions across the Kotak Group
Jul 25, 2024
Dinesh Khara, Chairman, SBI, feels that the budget has chalked the best strategy for future
Jul 25, 2024
Advances growth year-on-year was at 19% and Deposit growth year-on-year was at 20%
Jul 24, 2024
HSBC aims to foster a strong sense of belonging among Indian expats through joyful culinary experience
Jul 24, 2024
GNPA and NNPA brought down to 2.11% and 0.60 % respectively.
Jul 24, 2024
The government has already extended 43 crore loans amounting to around INR 22.5 lakh crores, and enhancement of the Mudra Yojana loan limit will empower many more MSMEs with the necessary financial support
Jul 24, 2024
On the first trading day (July 23rd), the bond performed strongly in the secondary markets, with yields tightening by approximately 15 basis points to 9.80%
Jul 24, 2024
The government plans to establish good governance and networks in the cooperative sector to ensure transparency and accountability
Jul 24, 2024
This action is based on deficiencies in regulatory compliance
Jul 23, 2024
FY25 Union Budget: Focusing on Viksit objective
Jul 21, 2024
Bank of Baroda Marks its 117th Foundation Day, with outlining the Bank’s vision to be a world-class financial services institution, built on the foundation of the trust of its customers for well over a century
Jul 21, 2024
The gold loan NBFCs look forward to receiving the priority sector status which is of paramount significance
Jul 21, 2024
Standalone PAT for Q1FY25 Rs 6,250 crore, up 81% YoY
Jul 20, 2024
PPoP at Rs432 crore in Q1FY25, up 47% YoY and 6% QoQ
Jul 20, 2024
The MFI has effectively reduced the lending rate from 23.65% to 23.30%
Jul 20, 2024
The lender is well capitalized for medium term growth, Total CRAR including Q1 FY25 profits was 15.56% and CET 1 of 13.85%
Jul 20, 2024
HDFC Bank Parivartan impacts 10.19 crore lives, 9000+ villages through CSR initiatives
Jul 19, 2024
This collaboration aims to enhance the distribution of TATA AIG's non-life insurance products to Mahindra Finance's extensive customer network.
Jul 19, 2024
The leading public sector bank has raised Rs5,000 crore @ 7.54% p.a, through NSE Electronic Bidding Platform
Jul 18, 2024
Budget must be focused on 8 key areas: Prashant Kumar, MD & CEO, YES BANK
Jul 17, 2024
Grant Eligible Gold Loan NBFCs With Priority Sector Status: George Alexander Muthoot
Jul 17, 2024
The scheme offers an interest rate of 7.25% per annum (7.75% per annum for Senior Citizens)
Jul 16, 2024
The company earned net profit of Rs3.13 Bn as against the net profit of Rs3.32 Bn in the same period last FY
Jul 16, 2024
Bank of Baroda's Scheme is offering higher interest rates
Jul 15, 2024
Covering high-demand sectors like IT/ITeS, healthcare, manufacturing and agriculture, HDFC Bank Parivartan’s programmes offer market-linked skilling crucial to addressing India's skill gap
Jul 15, 2024
These actions on the concerned 3 coop banks are based on deficiencies in regulatory compliance
Jul 13, 2024
This budget should lay the groundwork for a more inclusive, resilient, and dynamic financial ecosystem for MSMEs
Jul 13, 2024
Caspian Debt firms up its commitment towards building an equitable ecosystem
Jul 11, 2024
Loan against MF available for MF scheme of all the AMCs registered with CAMS
Jul 11, 2024
The loan has a maturity of three years and is benchmarked to a three-month SOFR (secured overnight financing rate).
Jul 11, 2024
This strategic investment reinforces REC's commitment to foster sustainable growth, in alignment with the Company's Green Finance Framework
Jul 10, 2024
As such, both the companies shall not transact the business of a Non-Banking Financial Institution (NBFI), as defined in clause (a) of Section 45-I of the RBI Act, 1934
Jul 08, 2024
These products are designed to streamline and secure various aspects of global transactions, ensuring smoother operations and greater financial flexibility for businesses.
Jul 08, 2024
DVARA KGFS FORAYS INTO ANDHRA PRADESH
Jul 08, 2024
Revisit to IBC a MUST to keep its competitive edge; Divestment needs a concrete roadmap for attracting capital & confidence of FIs
Jul 08, 2024
Over 23,000 Kisan Credit Cards and 3.8 lakh RuPay Debit Cards have been issued to farmers and milk-producing mothers at zero percent interest
Jul 06, 2024
Mumbai hosted the second convening of Financing Women Collaborative (FWC), an initiative of Women Entrepreneurship Platform (WEP) on Friday to deliberate and address issues with relevant stakeholders towards accelerating access to finance for women entrepreneurs
Jul 06, 2024
‘Only 1.6% of India’s Population Pays Taxes: The Unsung Heroes of Our Economy’
Jul 05, 2024
The said coop bank from Varanasi does not have adequate capital and earning prospects
Jul 04, 2024
The SFB has witnessed growth in all performance parameters on YoY basis
Jul 04, 2024
YOY growth overall is still low at 1.8%
Jul 03, 2024
Under this agreement, Grihum will generate leads, manage loan servicing, and act as the primary point of contact for customers.
Jul 02, 2024
Bajaj Housing Finance enters the Affordable Housing and Informal Income Segment to address the housing finance needs of unserved and underserved customer segments
Jul 02, 2024
The collaboration between two lenders aims to cater to customers in the unorganized sector, including self-employed or salaried borrowers who have limited access to credit due to the lack of sufficient income proofs
Jul 02, 2024
These actions on 4 coop banks are based on deficiencies in regulatory compliance
Jul 01, 2024
DBS’s pioneering solution with RXIL will provide data-driven, pre-to-post shipment financing, easing working capital cycles for suppliers across India.
Jul 01, 2024
Under the new initiative of “Cooperation Amongst Cooperatives”, Govt. of India has taken Banaskantha and Panchmahal districts as a pilot project
Jul 01, 2024
The total proceeds of crime attached so far in this case by ED is Rs117.78 Crore
Jun 30, 2024
The operation is helping in scaling up investments in green hydrogen and in renewable energy infrastructure. This will contribute towards India’s journey for achieving its Nationally Determined Contributions targets
Jun 29, 2024
The SFB supports Sarla Jain to create opportunities through entrepreneurial dreams
Jun 29, 2024
Sectoral Deployment of Bank Credit – May 2024
Jun 29, 2024
The action is taken for non-compliance with certain directions issued by RBI on ‘Credit Card, Debit Card and Rupee Denominated Co-branded Pre-paid Card operations of Banks’
Jun 28, 2024
Bank of India (BOI) has been honoured with multiple prestigious awards, recognizing its outstanding performance in various aspects of banking and financial inclusion
Jun 28, 2024
The global economy is facing heightened risks from prolonged geopolitical tensions, elevated public debt, and the slow progress in the last mile of disinflation
Jun 28, 2024
UGRO Capital has created a video on the occasion of WorldMSMEDay
Jun 27, 2024
Mr Khirwadkar gets recognition certificate from FIAKS
Jun 27, 2024
Muthoot Finance disburses loans via IMPS or UPI, apart from RTGS/NEFT networks, which ensures that their credit history is also strengthened
Jun 27, 2024
Bank’s Senior Unsecured Long Term Bond Issuance At A Coupon Rate Of 7.36%
Jun 26, 2024
This collaboration between SANY India and Union Bank of India is strategically designed to leverage the strengths of both entities, providing range of customized financial services tailored to meet the needs of the customers
Jun 25, 2024
These actions on 2 coop entities are based on deficiencies in regulatory compliance
Jun 24, 2024
PNB Parivar Unites Across Zones to Embrace Mental and Physical Wellness Through Yoga Practice
Jun 21, 2024
High portfolio growth and rising share of non-traditional products leading to increased regulatory oversight
Jun 21, 2024
Bottom of the pyramid’s share in consumption stands at 43% now
Jun 21, 2024
A role model for today’s youth, Sumit will help the Bank connect with GenNext
Jun 20, 2024
NE SFB has increased interest rate on FD product from 9.25% to 9.75%
Jun 20, 2024
The three lenders will jointly finance a five-year USD 250 million facility under Tata Communications' sustainability-linked loan framework.
Jun 20, 2024
The Mumbai based bank does not have adequate capital and earning prospects
Jun 19, 2024
Piramal Finance Aims to Double Retail AUM by FY28
Jun 18, 2024
Despite many structural changes, PSBs are operating at 82.76% and in overall study period, pvt banks operating below 80% level; “Impact of Decadal Reforms on Efficiency and Productivity of Indian Banking Sector: A DEA Approach”
Jun 17, 2024
The action is based on deficiencies in statutory and regulatory compliance
Jun 15, 2024
While aggregate deposits in the banking system grew by 10.2%, NRI deposits increased by 7.2%
Jun 14, 2024
The partnership will benefit over 10 million customers of Mahindra Finance by offering a wide range of tailor-made life insurance solutions provided by Kotak Life.
Jun 13, 2024
On demand front, still the picture is hazy
Jun 12, 2024
Muthoot Microfin Announces Closure of USD 113 Million ECB
Jun 12, 2024
Equitas honours Karuthan’s confidence and persistence to emerge as a successful entrepreneur
Jun 10, 2024
We factor in the first rate cut in October 2024: Dr. Soumya Kanti Ghosh
Jun 08, 2024
RBI approves the voluntary amalgamation of 2 co-operative urban banks of Telangana
Jun 08, 2024
The credit policy has quite expectedly maintained status quo on both repo rate and stance
Jun 07, 2024
The moderation in unsecured lending growth highlights the sector's commitment to prudent financial practices
Jun 07, 2024
A few REs still charge fees, etc. that are not specified or disclosed in the Key Facts Statement (KFS)
Jun 07, 2024
Gap between credit and deposit growth rates warrants a rethink by the banks
Jun 07, 2024
New brands reflect the companies’ speed, reliability, and partnership-driven approach
Jun 07, 2024
The Board of Directors of the Company has approved an IPO of equity shares of Rs 10 each, which comprises of fresh issue of Equity Shares aggregating up to Rs 4,000 crore
Jun 06, 2024
The loan amounts will range from a minimum of Rs 10,000 to a maximum of Rs 3,00,000, providing a substantial boost to women entrepreneurs from rural regions
Jun 06, 2024
Yoma Bank has piloted Integro’s SmartLender Commercial, a market-leading solution designed to optimize the SME lending process
Jun 06, 2024
Through this MoU, Bank of India’ s selected 433 branches will act as Service Centres to provide last mile connectivity to pensioners, especially those in remote areas/ without access to SPARSH/ no technical knowledge
Jun 06, 2024
Banking system will be impacted through the JIT mechanism; Buyback auction by RBI showed lackluster response
Jun 06, 2024
As consideration for the merger, TCL will issue its equity shares to the shareholders of TMFL resulting in TML effectively holding a 4.7% stake in the merged entity
Jun 04, 2024
The MoU is to provide long-term financial assistance to viable infrastructure projects
Jun 03, 2024
The NBFC's revenue increased from INR 544 crore in FY23 to INR 672 crore in FY24, reflecting a strong growth of 23.4%.
Jun 03, 2024
The partnership is to boost Insurance Penetration and Financial Inclusion
Jun 03, 2024
The NBFC continued to register robust financial performance, demonstrating strong growth in AUM, profitability, and superior asset quality.
Jun 01, 2024
India has grown at an average of 8.3% post-pandemic
Jun 01, 2024
FY25 real GDP growth expected at 7.1% YoY
May 31, 2024
This RBI action on the bank is based on deficiencies in regulatory compliance
May 31, 2024
The new-age NBFC announces 125% increase in FY’24 PAT
May 31, 2024
Senior Citizen will get 7.80% & others will get 7.30% returns
May 31, 2024
This new alliance further enhances comprehensive inventory funding options for over 3863 Maruti Suzuki sales outlets across the country.
May 31, 2024
Highest Ever Consolidated Loan Assets Under Management at Rs. 89,079 crore, up by 25% YoY
May 30, 2024
They forge Corporate Agency Alliance
May 30, 2024
The company ended FY24 with AUM of INR 21,121Cr, a robust growth of 23% YoY
May 30, 2024
The card is designed to elevate the banking experience of customers
May 28, 2024
The company did not convey the terms and conditions of loans in writing to the borrowers in the vernacular language understood by them.
May 26, 2024
The new 12 ventures have raised over $282 million in capital
May 26, 2024
it declares interim dividend of Rs.1 per share
May 24, 2024
Debt Is To Bolster Financial Inclusion In Rural India
May 24, 2024
RBI dividend at record high
May 24, 2024
Big Bang Dividend Reflects RBI Managing Volatility Deftly In An Uncertain World
May 22, 2024
‘The Great Indian Wallet’ study by Home Credit India reveals surging confidence in financial well-being
May 22, 2024
Mahindra Finance eyes expansion in Rural & Semi-Urban India for insurance products; receives corporate agency license from IRDAI
May 22, 2024
These actions on 3 coop banks are based on deficiencies in regulatory compliance
May 21, 2024
The event, held in Paris, was a grand affair, attended by eminent guests and loyal customers, symbolizing the deep bonds and trust the Paris Branch has cultivated over the years
May 21, 2024
2024 Election: Absolute Number Voter Turnout So Far show Female Voters outstripping Men...
May 20, 2024
Allegations of illegally transferring an amount of Rs4.98 crore
May 18, 2024
The action is based on deficiencies in regulatory compliance
May 17, 2024
The leading USB of Gujarat is going to organize its AGM on 4-6-2024 at Surat
May 17, 2024
FPI inflows into Indian equities expected to stage a comeback post the election results
May 17, 2024
These actions on 4 coop banks are based on deficiencies in regulatory compliance
May 17, 2024
Conference for the Heads of Assurance Functions of Non-Banking Financial Companies (NBFCs)
May 16, 2024
With Indian middle class nearly doubling to 61% by 2046-47 as per PRICE Report, rising incomes and the expansion of middle-class and high-income segments will reshape future consumption
May 16, 2024
The current balance sheet size is 10.39 trillion
May 16, 2024
This action on the said coop bank is based on deficiencies in regulatory compliance
May 16, 2024
Baweja's profound understanding of the intricate financial landscape within the energy sector has been instrumental in steering REC's growth trajectory and enhancing its financial performance over the years.
May 14, 2024
India is expected to garner total inflows close to US$ 30bn in FY25
May 14, 2024
In The Event, If The Aggregate Holding Falls Below 5%, Prior Approval Of RBI Will Be Required To Increase It To 5% Or More Of The Paid-Up Share Capital Or Voting Rights Of The Bank
May 14, 2024
Randhir Singh was most recently Joint CEO of APAC Financial and brings 29 years of experience in Financial Services with leadership roles at Citibank, Deutsche Bank and Edelweiss Financial Services
May 13, 2024
Asset quality pressures from the previous credit cycle are subsiding, creating a favorable business environment
May 13, 2024
Trained at the three Nursing Kaushal Colleges supported by HDFC Bank Parivartan, the young women are now earning between 2X-3X of their annual family income
May 13, 2024
TVS Holdings will expand its presence in the consumer finance space
May 12, 2024
Gross NPA ratio down by 233 bps YoY
May 10, 2024
BOB has witnessed improvement in its Asset quality with reduction in GNPA by 87 bps YoY to 2.92% from 3.79% in Q4FY23
May 10, 2024
The country’s leading NBFC has today announced its strategic expansion with a new office space in Mumbai’s financial hub Bandra-Kurla Complex
May 10, 2024
Through this exclusive BOI Rakshak Package, Bank of India will offer numerous benefits to all Ranks of the Indian Coast Guard, Veterans, Recruits and Agniveers
May 09, 2024
Leading asset quality with GNPA and NNPA of 2.8% and 1.4% respectively
May 09, 2024
Gross NPA ratio at 2.24% improved by 54 bps YoY
May 09, 2024
Bank's GNPA ratio improved by 301 bps on Y-o-Y basis to 5.73% as on March’24 from 8.74% as on March’23
May 09, 2024
The bank introduces six-month project-based internship program for women returning from a career break, as part of larger diversity and inclusion efforts
May 09, 2024
The bank will now resume onboarding new customers in the Bob World application
May 08, 2024
Aadhar Housing Finance Limited allocates 2,85,04,761 Equity Shares at the upper price band of Rs315 per Equity Share with face value of Rs10 per Equity Share
May 08, 2024
The co-operative bank offers an attractive interest rate of 8.50% p.a.
May 08, 2024
The 2024 edition of the Awards spotlights infrastructure, sustainability, and gender equality.
May 07, 2024
Completion of 25 years of Inclusive Finance Journey
May 07, 2024
Robust momentum in the quarter with $11.4bn of deals announced across ECM and M&A
May 07, 2024
Incremental total credit (bonds, non-food bank credit and CPs) expansion projected to moderate to Rs24.5 trillion in FY2025 from Rs. 25.4 trillion in FY2024
May 07, 2024
Its full year profit swells 2.74x
May 06, 2024
Monetary penalty is of Rs1,50,000 for non-compliance with the directions issued by RBI on ‘Strengthening of Prudential Norms - Provisioning, Asset Classification and Exposure Limit’ and ‘Regional Rural Banks - Income Recognition, Asset Classification and Provisioning Norms - Non-Performing Assets (NPAs)’
May 06, 2024
Profit After Tax of Rs140 crore with AUM crossing Rs8,200 crore mark in FY24
May 06, 2024
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific
May 06, 2024
The proposed subsidiary will engage in a range of financial activities as a finance company within GIFT, including lending, investment, and other financial services.
May 05, 2024
KMB’s Standalone PAT Up 26% To Rs138 Bn; As at March 31, 2024, GNPA was 1.39% & NNPA was 0.34% (GNPA was 1.78% & NNPA was 0.37% at March 31, 2023)
May 04, 2024
Disbursement at Rs3,127 crores for FY24, growth of 31% Y-o-Y
May 03, 2024
Independent Assessment Rates Kinara Capital on its Current Performance & Future Capacity to Achieve its Social and Environmental Goals
May 03, 2024
The WALR on outstanding rupee loans of SCBs was at 9.85 per cent in March 2024 (9.83 per cent in February 2024)
May 03, 2024
On a year-on-year (y-o-y) basis, non-food bank credit2 registered a growth of 16.3 per cent in March 20243 as compared with 15.4 per cent a year ago.
May 03, 2024
US labour market data showed persistent tightening. Jobless claims rose less than expected by 208
May 03, 2024
RBI cannot move ahead to the Fed as interest differential between US and India is at an all time low
May 03, 2024
These actions on the 3 coop banks are based on deficiencies in regulatory compliance
May 02, 2024
UGRO raised this capital through an innovative combination of Compulsorily Convertible Debentures with Warrants, ensuring that the capital required for both the current year's growth and next year's growth is effectively locked in today.
May 02, 2024
DBF to train 400 rural youth through its DIKSHa centres in South India
May 01, 2024
It was revealed during the investigation that accused in conspiracy with private persons sanctioned and disbursed said 05 (five) housing loans without verifying the genuineness of various documents which resulted into wrongful loss to the bank
Apr 30, 2024
The NBFC records highest ever annual net profit, declares final dividend of Rs5 per share
Apr 30, 2024
The company has demonstrated improvement in asset quality over the last year, with consolidated Gross Stage 3 assets at 4.10% in FY24
Apr 30, 2024
The CoR of the abovementioned company has been cancelled on account of violation of RBI guidelines on managing risks and code of conduct in outsourcing of financial services in its digital lending operations undertaken through third party apps
Apr 29, 2024
These actions by the RBI on 5 coop banks are based on deficiencies in regulatory compliance
Apr 29, 2024
GNPA improved to 2.0% as of March 31, 2024, as against 3.6% as of March 31,2023
Apr 29, 2024
GNPA improved to 2.0% as of March 31, 2024, as against 3.6% as of March 31,2023
Apr 29, 2024
Corporate GNPA is 3.31% as on 31st Mar 2024 as compared to 22.25% as on 31st Mar 2023 and 3.35% as on 31st Dec 2023.
Apr 29, 2024
Gross NPA at 1.16%, reduced by 28 bps YoY and 17 bps QoQ
Apr 29, 2024
Global currencies depreciated against a stronger dollar
Apr 29, 2024
Global currencies depreciated against a stronger dollar
Apr 29, 2024
The Gross Non-Performing Asset (NPA) ratio is at 2.43% as at March 31, 2024 in comparison to 2.57% same time last year
Apr 28, 2024
Provisions increased 43% YOY from Rs1,665 crore in FY23 to Rs2,382 crore in FY24
Apr 28, 2024
The Board has recommended a dividend of ? 10 per share (equivalent to dividend of US$ 0.24 per ADS) in line with applicable guidelines
Apr 27, 2024
GNPA, NNPA Ratio (each down 30 bps Q-o-Q) and PCR (up 10 percentage points) significantly improve Q-o-Q
Apr 27, 2024
GNPA improved 72bps YoY to 2.65%; NNPA improved 36bps YoY to 0.74%, PCR including technical write-off of 89.8%
Apr 27, 2024
Gross NPA declined to 1.88 % as on 31.03.2024; Total Business grew by 15.94 % to Rs 474,411 crore
Apr 26, 2024
Pradip Kumar Das proposed at World Energy Congress 2024 the mandate of allocating 4%-5% of Assets Under Management (AUM) from domestic pension / insurance funds into renewable energy bonds, to deepen the bond market and increase additional global and local investments
Apr 26, 2024
Participation From Banks Across Asia, America And Europe
Apr 26, 2024
Banks’ exposure to NBFCs shall be subject to capital charge as per the Risk Weight prescribed
Apr 26, 2024
These actions on 5 coop banks are based on deficiencies in regulatory compliance
Apr 26, 2024
Net Interest Margin for Q4 of FY24 stood at 4.26% against 4.28% for Q4 of FY 23 and 4.29% for Q3 of FY24
Apr 25, 2024
This strategic move reflects the company's commitment to further strengthen its governance structure and driving continued growth and innovation in the microfinance sector
Apr 25, 2024
The Provision Coverage Ratio (PCR) as on March 31, 2024, was at 77.30% and PCR without considering Gold Loans NPAs was at 78.18%
Apr 25, 2024
While Private Banks gain a share in volume, NBFCs gain a share in value from Q3 FY23 to Q3 FY24. Furthermore, the proportion of very low and low-risk borrowers increased from 46.5% in Q3 FY23 to 50.6% in Q3 FY24.
Apr 23, 2024
Effective waste management, community-led upcycling key to tackling plastic pollution
Apr 23, 2024
These actions on 5 coop banks are based on deficiencies in regulatory compliance
Apr 23, 2024
TMB Announces Dividend of Rs 10/share
Apr 23, 2024
A delayed or no-cut scenario from the US Fed is a big risk for the EM rate cycle
Apr 22, 2024
Domestic retail loans grew by 108.9%, commercial and rural banking loans grew by 24.6% and corporate and other wholesale loans (excluding non-individual loans of eHDFC Ltd of approximately Rs807 billion) grew by 4.2%
Apr 21, 2024
JFS has recorded multi-fold increase in its net profit of Rs1605 cr for full FY2023-24 against net profit of Rs31 cr in the previous FY
Apr 20, 2024
The publication provides aggregate information on major items of balance sheet, profit and loss account, non-performing assets, financial ratios, state-wise distribution of offices and details of priority sector advances
Apr 19, 2024
Reports of an escalation in tensions between Israel and Iran have roiled global markets
Apr 19, 2024
IMF raised its global growth forecast to 3.2% in 2024 from 3.1% estimated earlier, led by better-than-expected growth outcomes in advanced economies
Apr 18, 2024
With this tie-up, South Indian Bank aims to help the dealer partners of Ashok Leyland Limited, streamline vehicle inventory funding.
Apr 18, 2024
17 NBFCs completed the First NBFC Growth Accelerator Programme cohort.
Apr 17, 2024
How the narrative has decisively changed from “Missing Women” to “Women-in-the-Middle” in the last decade
Apr 17, 2024
IMGC has guaranteed home loans worth 25,000 + Crores to more than 1 lac + Home Loan Borrowers
Apr 16, 2024
Banks shall, accordingly, submit the fortnightly Form A Return from the Reporting Friday June 14, 2024, monthly Form VIII Return from May 2024 and the annual Form IX (on unclaimed deposits) Return from December 31, 2024 respectively on the CIMS Portal only
Apr 15, 2024
Citi tops India and Asia-Pac underwriting league tables for first quarter 2024
Apr 15, 2024
Deposit rates moved up more for public sector banks even as RBI holds rates
Apr 15, 2024
Inflation in both Germany and France moderated, inching closer to ECB’s target of 2%. In China, exports and import growth contracted in Mar’24 by 7.7% and 1.9% respectively.
Apr 15, 2024
While an August rate cut remains possible, we see a larger probability of the first cut in October, given our expectation for the Fed to start moving in September 2024.
Apr 14, 2024
PNB commits to environment sustainability through PALAASH 2.0 and also sets up Mini Science Centre at one of the Delhi Govt. School
Apr 13, 2024
It does look like that during the Elections there is a watchful stance taken by the government on capex. This is also witnessed for company investment announcements as well as foreign investors
Apr 12, 2024
DBS Bank is the sole mandated lead arranger and book-runner for the loan through its IFSC banking unit in GIFT City
Apr 10, 2024
NBFC Co-lending AUM Closing In On Rs1 Tn mark Share of personal loans in the co-lending book, however, likely to moderate
Apr 08, 2024
The HFC expands presence in 150+ unique cities to cater to diverse needs of customers
Apr 08, 2024
Sensex is trading higher today
Apr 08, 2024
RECPDCL hands over Kallam Transco Limited SPV to IndiGrid and Jalpura Khurja Power Transmission Limited SPV to Tata Power
Apr 07, 2024
9 out of 20 commodities have registered some momentum in prices; BoB Essential Commodity Index increased at the fastest pace in Mar’24
Apr 06, 2024
Liquidity to remain in the neutral zone
Apr 06, 2024
he C/D ratio of banks has moved past 80 now, as banks continue to meet the robust credit demand from new as also sunrise sectors (climate transition/ start-ups) though pressure on mobilizing liabilities from non-deposits sources remain
Apr 05, 2024
MD Mathew Muthoottu wins ‘Most Promising Business Leader of Asia 2024’
Apr 05, 2024
The Central Bank’s decision to enable cash deposits in Cash Deposit Machines (CDMs) using the Unified Payments Interface (UPI) signals a positive step for India's financial future
Apr 05, 2024
Steady pick up in investment activity and strengthening of rural demand conditions bode well for the economy
Apr 05, 2024
Rajiv Sabharwal: The Indian rupee's resilience, being among the least volatile currencies, amplifies the positive sentiment and demonstrates India's economic resilience on the global stage
Apr 05, 2024
Suryoday Small Finance Bank has provided Q4 FY 24 Pre Results Quarterly Update.
Apr 04, 2024
The year witnessed remarkable improvement not only on AUM but also on profitability and credit quality across four quarters
Apr 04, 2024
Highest-ever Interim Dividend to Government of India
Apr 03, 2024
Home loans showed a marginal decline of 2%
Apr 03, 2024
RBI to remain static
Apr 03, 2024
Sudatta Mandal, DMD, points out SIDBI's achievement of surpassing a balance sheet milestone of Rs5.2 lakh crore.
Apr 02, 2024
Tier 1 and Tier 2 to Tier 4 UCBs shall maintain minimum Capital to Risk Weighted Assets Ratio (CRAR) as per prescribed norms
Apr 02, 2024
Stock market movements
Apr 02, 2024
In India, equity indices started the new fiscal year on a positive note with the Sensex rising by 0.5%
Apr 02, 2024
Deposits and credit expected to grow 14.5-15% and 16.0-16.5% respectively in FY25
Apr 02, 2024
The Maharatna CPSE wins the award in Renewable Energy Financing Category
Apr 01, 2024
The grant size for each individual enterprise ranges from INR 5 lakh to 15 lakh and will be utilised by the respective winners to build consumer awareness, scale operations, and deploy technology to enhance productivity.
Apr 01, 2024
“RBI is the appropriate body for the holistic appreciation of the banking vision of Viksit Bharat: Prime Minister Narendra Modi; Indian Banking System Seen As Strong, Sustainable
Apr 01, 2024
Currency update: A Stronger Dollar Did Weigh On Most EM Currencies
Apr 01, 2024
Fed Chair Powell, noted that Fed is not getting tolerant to higher inflation and hinted rate cuts very much remain on table
Apr 01, 2024
Lending and Deposit Rates of Scheduled Commercial Banks – March 2024
Mar 29, 2024
Annual Closing of Government Accounts
Mar 29, 2024
Currency Chests operations on March 31, 2024; Special Measures for extending services to Policy Holders of LIC of India
Mar 29, 2024
Sectoral Deployment of Bank Credit – February 2024
Mar 29, 2024
It will promote development of Residential Mortgage-Backed Securitisation in India
Mar 28, 2024
Given the current assessment of a resilient economic condition, the rate cutting cycle this time is likely to be shallow
Mar 28, 2024
Sensex is trading higher today
Mar 28, 2024
Capital flows were in surplus to the tune of USD 17.4 bn (or 2.0% of GDP) supported by net FPI flows and banking capital
Mar 27, 2024
A glimpse into rising competitive federalism that benefits the bottom line with incremental per capita income, vanquishing inequality
Mar 27, 2024
India’s 10Y yield closed steady at 7.09%, as oil prices retreated. It is trading flat today as well
Mar 27, 2024
These actions on 5 coop banks are based on deficiencies in regulatory compliance
Mar 26, 2024
The Bank enables the taxpayer to make GST payment using online & branch over the counter options
Mar 26, 2024
Swiss National Bank sprang into action as it announced a 25bps rate cut; Post the rally in US indices, the week started on a sombre note as investors tried to assess the future path of interest rate ahead of the release of key inflation figure
Mar 26, 2024
The majority of APAC banking jurisdictions are set to take the latest global iteration of Basel capital standards in their stride, says Fitch Ratings
Mar 25, 2024
The majority of APAC banking jurisdictions are set to take the latest global iteration of Basel capital standards in their stride, says Fitch Ratings
Mar 25, 2024
These actions on 5 coop banks are based on deficiencies in regulatory compliance
Mar 22, 2024
The partnership aims to service 5000 home buyers in EWS/ LIG segment in the first phase of engagement
Mar 22, 2024
SIDBI unveils six de-risking measures to accelerate India’s electric two and three-wheeler adoption; SIDBI’s latest report launched in Washington D.C.
Mar 21, 2024
Businesses for Impact (BFIs) to also receive bank-wide support such as preferential banking packages and mentorship
Mar 21, 2024
Health of Indian banking sector continues to improve with better asset quality, high credit growth: FICCI-IBA Bankers’ Survey
Mar 21, 2024
Investment Is From IIX’s Women's Livelihood Bond 6
Mar 21, 2024
INR is trading stronger today
Mar 21, 2024
Sensex is trading higher today
Mar 20, 2024
The action is based on deficiencies in regulatory compliance
Mar 19, 2024
The bank introduces future-focused funding program to fuel growth aspirations of tech-focused enterprises
Mar 19, 2024
The Election Commission of India shall upload the details forthwith on receipt of the communication by SBI: Supreme Court
Mar 19, 2024
Poonawalla Fincorp prepares itself for the next level of growth
Mar 19, 2024
Sensex is trading lower today
Mar 19, 2024
The company Marks Founder's Day with the special theme 'Leading to serve'
Mar 18, 2024
In Mar'24 so far, global currencies have broadly appreciated against the dollar
Mar 18, 2024
INR was marginally weaker, monitoring movement in oil prices. But it is trading stronger today, while other Asian currencies are trading lower.
Mar 18, 2024
"SBI Green Marathon" is Run for a greener planet
Mar 18, 2024
Rajendra Setia: Leveraging technology and data analytics, there are ample opportunities to address the unique needs of Rajasthan's populace, especially within the vital MSME and Vehicle finance sector
Mar 16, 2024
Committee of Advisors" will now comprise of Devendra Kumar (former Chief General Manager, SBI); Venkatesh Hegde (former General Manager, SBI); Suhas Gokhale (former MD, COSMOS Co-operative Bank)
Mar 16, 2024
The first phase of the expansion will see the inauguration of 4 branches across Telangana in March 2024
Mar 15, 2024
These actions on 4 coop banks are based on deficiencies in regulatory compliance
Mar 14, 2024
Paving the way for enhanced financial inclusion through technological innovation and robust banking frameworks
Mar 14, 2024
E-WEE will support inspirational and aspirational SEWA sisters initially in the two states i.e. Rajasthan and Gujarat
Mar 14, 2024
Every $ saved is INR earned
Mar 14, 2024
INR is trading stronger today
Mar 14, 2024
The project will benefit urban poor, women, and migrant workers through improved urban services and urban governance
Mar 14, 2024
This collaboration between SANY India and J&K Bank is strategically designed to leverage the strengths of both entities
Mar 13, 2024
Cumulative Recovery Rate For ARCs To Rise 500-700 Bps In ’24-25
Mar 13, 2024
INR is trading weaker today
Mar 13, 2024
Under his guidance, the company has achieved significant milestones, including 103% QoQ profit growth in Q1 of this financial year
Mar 12, 2024
Hero FinCorp brand identity refresh
Mar 12, 2024
INR is trading further stronger today
Mar 12, 2024
The amalgamation will create a large unified operating NBFC
Mar 11, 2024
Advisory on strict compliance to regulations & governance to all members of FIDC
Mar 11, 2024
Zero processing fees, Instant transfer to bank account, Safe and secure storage
Mar 11, 2024
Shaji Vargese, CEO - Muthoot FinCorp Ltd, said "Beginning our Supply Chain Finance journey is another step towards solidifying our commitment to our mission in providing timely credit to millions of MSME entrepreneurs in the country
Mar 11, 2024
Sensex is trading lower today
Mar 11, 2024
The case is related to illegal sale of sugar mills by Maharashtra State Co-operative Bank
Mar 09, 2024
India’s fast-growing fintech driving MSME financial inclusion marks 5th anniversary of HerVikas
Mar 08, 2024
Simplifying the loan process, offering a 50% discount on processing fees for loans disbursed until March 31, 2024
Mar 08, 2024
bob Mahila Shakti Savings Account or bob Women Power Current Account
Mar 08, 2024
The MoU was signed by the Governor, Reserve Bank of India, Shri Shaktikanta Das and the Governor, Bank Indonesia, Mr. Perry Warjiyo
Mar 08, 2024
The specific tools and technologies deployed may vary based on the type of assessment and the skills being evaluated
Mar 07, 2024
Mahashakti is powered by ManipalCigna Health Insurance
Mar 07, 2024
Women-Owned MSMEs Created 11% More Jobs For Women Than Men-Owned MSMEs; Women-owned MSMEs Demonstrate Higher Repayment compared to Male-owned MSMEs
Mar 07, 2024
The company announces the raising of a significant debt from BlueOrchard
Mar 07, 2024
Global markets monitored Fed Chair's speech which hinted at delayed start to the rate cut cycle, probably later this year
Mar 07, 2024
16% report gender bias at their workplace: Survey by CRISIL and DBS Bank India: With rising affluence, the perception of gender pay gap and bias is seen to increase
Mar 06, 2024
Saksham 2024 intends to organise 800+ financial literacy workshops to train 20,000 women
Mar 06, 2024
Action under Section 45L(1)(b) of the Reserve Bank of India Act, 1934
Mar 06, 2024
M R Kumar and Rajiv Mishra Appointed
Mar 06, 2024
Except China and UK, stocks elsewhere closed weaker
Mar 06, 2024
Except US and UK, stocks elsewhere ended higher
Mar 05, 2024
All-stock merger with shareholders of Fincare SFB to receive 579 equity shares in AU SFB for every 2,000 equity shares held in Fincare SFB
Mar 05, 2024
The company can, however, continue to service its existing gold loan portfolio through usual collection and recovery processes
Mar 04, 2024
A unique travel-focused co-branded credit card that promises a seamless and rewarding travel experience for Indian customers
Mar 04, 2024
INDIAN IT SERVICES INDUSTRY FEBRUARY 2024 Revenue growth to remain tepid at 3-5% in FY2025
Mar 04, 2024
Senior citizen can get 9.25 percent interest rate
Mar 04, 2024
REC and UNISED Agreement signed to strengthen the education of children in Siddharthnagar, Uttar Pradesh
Mar 04, 2024
In UK, house price index firmed up in Feb'24, while PMI reading still trailed below the 50 mark. On domestic front, PMI data rose to its 5 month high supported by both domestic and external demand
Mar 04, 2024
US 10Y inched up considerably
Mar 04, 2024
Union Minister of Cooperation Amit Shah Inaugurates NUCFDC: Establish UCBs In Every City; NUCFDC will be a support during the crisis of banks and also a means to enhance their modernization and capacity
Mar 02, 2024
FM Sitharaman asked NaBFID to introduce a Structured Partial Credit Enhancement facility, create a Data Repository for the infrastructure sector and develop a sector specialisation
Mar 02, 2024
Sectoral Deployment of Bank Credit – January 2024
Mar 02, 2024
The RBI approval is subject to S. Ravindran, stepping down from his Directorships in Shriram Finance and Bandhan AMC Limited, prior to assuming charge
Mar 01, 2024
The annualized numbers show a Amritkaal phase for India especially with investments' underpinning the growth trajectory
Mar 01, 2024
The Registrar of Cooperative Societies, Rajasthan has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank.
Feb 29, 2024
Prarambh' to encourage women for careers in financial services sector; Facilities to include mediclaim, wellness policies, and maternity benefits
Feb 29, 2024
In Japan and Australia, stronger than expected retail sales in Jan'24 is likely to keep pressure on their respective Central Banks to keep their policy stance unchanged
Feb 29, 2024
Facilitating wider adoption of online loan applications, financial management tools, digital payment platforms along with utilization of robust analytics, can enhance the lending to the MSMEs and help fortify India's businesses for sustained growth
Feb 28, 2024
The estimates are corroborated with the in-house developed SBI-ANN (Artificial Neural Network) model, with 30 high frequency indicators
Feb 28, 2024
Sensex opened higher today, while other Asian stocks are trading lower.
Feb 28, 2024
Rs3.64 lakh crores worth of loans were covered under ECLGS, of which only 5% were NPAs: CMD, SIDBI
Feb 28, 2024
Global indices closed lower. US indices retreated as the focus shifted towards upcoming macro data for more guidance on Fed's next move
Feb 27, 2024
The monetary penalty has been imposed for contravention of provisions of sub-section (2) of Section 19 of the Banking Regulation Act, 1949 (the BR Act), and sub-section (2) of Section 26A of the BR Act read with the Depositor Education Awareness Fund Scheme, 2014
Feb 26, 2024
The new rate beginning at 8.75% p.a. is applicable on the purchase of a new car
Feb 26, 2024
Bandhan Bank's Managing Director and CEO, Chandra Shekhar Ghosh: More Women Taking Lead In Family Decision-Making
Feb 26, 2024
The initiative will educate over 100 children
Feb 26, 2024
Germany confirmed that GDP contracted by (-) 0.3% in Q4CY23, following stagnation in Q3
Feb 26, 2024
Over the past two decades, ARCs have set up a robust infrastructure and nurtured skilled and professional manpower to manage stressed assets
Feb 26, 2024
These actions on 4 coop banks are based on deficiencies in regulatory compliance
Feb 24, 2024
The onus needs to be on banks to get far more intensive on AI, machine learning in addressing both adverse loan selection and moral hazard problems: ED- India, International Monetary Fund: Evergreening and zombie lending leads to distressed assets not being recognised
Feb 24, 2024
The new-age NBFC salutes the determination of Indian MSMEs
Feb 23, 2024
Slowdown in China's property sector continued, with new home prices falling by another 0.3% (MoM) in Jan'24
Feb 23, 2024
The workshop witnessed the participation of more than 200 attendees from all state DISCOMs, Program Management Agencies (PMAs) and REC-TPQMAs and other stakeholders
Feb 23, 2024
The money raised at a coupon of 7.57% p.a. through the issuance of Basel III Compliant Tier II Bonds; The issue received a strong response from investors with a total of 83 bids amounting to Rs6,237 Crores
Feb 23, 2024
These actions on 4 coop banks are based on deficiencies in regulatory compliance
Feb 22, 2024
Cabinet approves inclusion of additional activities in National Livestock Mission
Feb 22, 2024
The fund will invest in at least two companies within the next month. EIF is poised to accelerate its mission of fostering innovation in the tech start-up ecosystem
Feb 22, 2024
The funding is to strengthen financial inclusion efforts in rural INDIA
Feb 21, 2024
The IPO has a face value of Rs 10 and consists of a fresh issue of Rs 120 crore and an offer for sale of up to 4.6 million equity shares by the Promoter Selling Shareholders.
Feb 21, 2024
Das stressed IREDA's commitment to making various Renewable Energy technologies bankable, including emerging ones like Electric Vehicles, Green Hydrogen, and Offshore Wind
Feb 21, 2024
The Government of Goa is setting up the sub-national Blended Finance Facility in partnership with the World Bank, aiming to foster low-carbon, climate-resilient development
Feb 21, 2024
Bank of England Governor along with other BoE members, commented on the possibility of rate cuts
Feb 21, 2024
The Bulletin includes monetary policy statement, five speeches, four articles, current statistics
Feb 21, 2024
This event successfully brought together MSMEs and stakeholders, to reflect on the recent developments on green finance, and to discuss how the financial system and the MSMEs can find a common ground to ensure a resilient and low-carbon transition in India
Feb 20, 2024
Global stocks ended mixed. Investors shifted their focus to Fed minutes which are scheduled to be released this week. Atlanta Fed President also spoke of more data related evidence before embarking on easing financial conditions
Feb 20, 2024
The special interest rates are applicable on all new and renewed fixed deposits booked until 31st March 2024
Feb 19, 2024
Equitas' campaign showcases Equitas' contribution in shaping up individuals' lives through the "Beyond Banking" initiatives
Feb 19, 2024
DFS Secretary chaired conference of heads of Debt Recovery Appellate Tribunals and Presiding Officers of Debt Recovery of Tribunals
Feb 19, 2024
Ramann: Against the commitment of Rs10,000 crore, the AIFs have brought in Rs55,000 crore of capital from global sources, which is a great contribution to Indian economy
Feb 17, 2024
LII has shown lower inflation compared with the ECI
Feb 16, 2024
The recession is expected will be short lived with recovery expected in CY24, with inflation likely to moderate
Feb 16, 2024
He is a veteran banker with a proven track record spanning around three decades, in the banking and financial services sector
Feb 16, 2024
The facility will provide impetus to the Government of India's drive of covering all eligible citizens under PMJJBY & PMSBY schemes
Feb 16, 2024
The MSME-focused digital lender continues its growth streak in Q3, with double-digit Return on Equity
Feb 16, 2024
Main drivers of merchandise export growth in Jan 2024 include Petroleum Products, Engineering Goods, Iron Ore, Electronic Goods, Drugs & Pharmaceuticals, etc.
Feb 16, 2024
RBI Governor met MD & CEOs of Public & Private Sector Banks
Feb 15, 2024
South Indian Bank honoured as Best Technology Bank of Year at 19th IBA Annual Banking Technology Conference, Expo & Citations
Feb 15, 2024
Japan's economy slipped in to recession after unexpected contraction of 0.4% in Q4CY23 was noted (-3.3% in Q3CY23)
Feb 15, 2024
SBI, Bank of Baroda, Union Bank of India, Bank of Maharashtra, IndusInd Bank, City Union Bank won multiple Awards
Feb 14, 2024
According to CME Fed watch tool, rate cuts are now likely (74.4% chance) in Jun'24
Feb 14, 2024
Barring EUR (lower), other currencies closed flat against the dollar. DXY inched up ahead of US CPI data
Feb 13, 2024
These actions on 4 coop banks are based on deficiencies in regulatory compliance
Feb 13, 2024
By joining forces with BOI, Paisalo Digital aims to leverage its respective strengths and resources synergistically, to tap into the vast market and address the unique financial requirements of India's unbanked population
Feb 12, 2024
The average ticket size of personal loans across population group is higher for Sep'23 than for Dec'18
Feb 12, 2024
Building Bridges; Fortifying Financial Landscape The Long And The Short Of Prudent Policy Making
Feb 12, 2024
Investors attention is likely to be cued on to the US inflation data to offer more guidance on possible path for interest rates
Feb 12, 2024
The Board of the bank may fix a lower amount within the ceiling limit of Rs30 lakh per annum depending upon the size of the bank, experience of the NED and other relevant factors
Feb 10, 2024
EMI starting as low as INR 51,000 per month and Lower interest rate starting from 9%; Mahindra Construction Equipment enters into preferred financier agreement with Bank of Maharashtra
Feb 10, 2024
Total Income in Q3 FY24 stood at Rs 12,467 lacs, a slight degrowth
Feb 10, 2024
This circular is applicable to all Scheduled Commercial Banks (other than Regional Rural Banks).
Feb 10, 2024
INR to continue to trade in a tight range
Feb 10, 2024
9 NBFCs and 1 HFC (Reliance Home Finance) surrender their Certificate of Registration to RBI
Feb 10, 2024
With the government's announcement of a new affordable housing scheme for the middle class in the Interim Budget, there is hope for small businesses in the housing and homes value chain in the years to come
Feb 09, 2024
CRISIL's assessment reveals heartening all-round impact
Feb 09, 2024
Sanjiv Bajaj urged RBI to harmonize corporate governance laws which would make NBFCs stronger
Feb 09, 2024
These actions on 4 coop banks are based on deficiencies in regulatory compliance
Feb 09, 2024
Global stocks ended mixed. Investors monitored robust earnings report while also assessing the future path of interest rates
Feb 09, 2024
The steady momentum is being witnessed in the investment cycle which will help the economy grow faster
Feb 09, 2024
Contrary to market expectations of RBI pivoting away from its tight monetary stance, it delivered a well-balanced decision that retained its steadfast focus on inflation
Feb 08, 2024
The bank has successfully supported Louis Dreyfus Company India in securing sustainable financing for the procurement of palm oil certified by the RSPO
Feb 08, 2024
This will provide resident entities more flexibility and easier access to derivative products in hedging their exposure to gold prices
Feb 08, 2024
RBI's decision shall greatly benefit the borrowers in making an informed decision
Feb 08, 2024
George Alexander Muthoot, MD, Muthoot Finance, shares his expectations on RBI monetary policy
Feb 07, 2024
RBI is expected to maintain a hawk eye on inflation dynamics
Feb 07, 2024
Except INR (flat), other global currencies appreciated against the dollar
Feb 07, 2024
The said coop bank does not have adequate capital and earning prospects
Feb 07, 2024
The action is for non-compliance with certain provisions of the RBI's directions on 'Liquidity Risk Management Framework for Non-Banking Financial Companies and Core Investment Companies'
Feb 06, 2024
This partnership integrates Flywire technology directly into the bank's platform, offering Indian students an advanced digital checkout experience for their international educational payments
Feb 06, 2024
DFS Secretary chairs meeting to review banking and insurance related international trade matters; Functionaries of RBI, IRDAI, SBI Chairman, and senior executives of major commercial banks were present in meeting
Feb 06, 2024
On macro front, US ISM services PMI data rose to its 4 month high of 53.4 in Jan'24 from 50.4 in Dec'23
Feb 06, 2024
The Bank will soon introduce new products such as Credit Cards, Personal Loans; CENTRUM Promoted SFB Delivers Robust Performance in Q3FY24 with Sustained Growth in Profitability, Deposits and Advances
Feb 05, 2024
Maharatna CPSE has been honoured for issuance of $750 million USD Green Bonds at the Asset Triple A Awards for Sustainable Finance
Feb 05, 2024
Global market indices reacted differently to different outcomes
Feb 05, 2024
Gross NPA ratio at 2.42% improved by 72 bps YoY keywords SBI, Net Profit, Gross NPA ratio, Net Interest Income, Credit growth, Domestic Advances
Feb 05, 2024
Gross NPA ratio of the bank at 2.42% improved by 72 bps YoY
Feb 04, 2024
This action on the housing finance company is based on deficiencies in regulatory compliance
Feb 03, 2024
Provision Coverage Ratio (PCR) of Bank of India stood at 89.95% in Dec'23 against 90.27% in Dec'22. GNPA ratio improved by 231 bps from 7.66% in Dec'22 to 5.35% in Dec'23
Feb 03, 2024
Budget has relied on capex led socio-economic growth template while ensuring the fiscal prudence
Feb 02, 2024
These actions on 4 coop banks are based on deficiencies in regulatory compliance
Feb 02, 2024
'Nari Shakti' Takes Center Stage; Vaccination To Prevent Cervical Cancer; Government To Bring Synergy Of Various Schemes For Maternal And Childcare; U-Win Platform To Further Strengthen Digital India Initiative; Healthcare Cover For Asha Workers, Anganwadi Workers And Helpers
Feb 01, 2024
Further improving global growth prospects, China's manufacturing activity contracted at a slightly slower pace in Jan'24
Feb 01, 2024
Bank's total business stood at Rs201914 as on 31.12.2023
Feb 01, 2024
Sectoral Deployment of Bank Credit – December 2023
Feb 01, 2024
BOB has witnessed improvement in its Asset quality with reduction in GNPA by 145 bps YoY to 3.08% from 4.53% in Q3FY23
Jan 31, 2024
The fall in production is more pronounced for fruit Juice including concentrates, chocolate & cocoa powder, spices, coffee, jams, jellies, marmalades and skimmed milk
Jan 31, 2024
Mr Yadav played a pivotal role in major initiatives, including ownership and licensing of private sector banks, mergers and acquisitions in the banking and financial sector, reconstruction of weak banks, and governance-related matters
Jan 31, 2024
Sensex ended in red and was dragged down by losses in consumer durable and capital good stocks. It is trading lower today in line with other Asian indices
Jan 31, 2024
This collaboration will allow Karnataka Bank to digitally onboard various NBFCs, to lend significant amount of money
Jan 30, 2024
The rally last year was far stronger in mid- and small-cap companies
Jan 30, 2024
Barring FSTE (flat) and Shanghai Comp (lower), other global indices closed higher
Jan 30, 2024
Customised and feature-rich business banking solutions to meet the requirements of a range of enterprises – from individuals & small proprietorship firms to large business houses
Jan 29, 2024
IPR applications have grown at CAGR of 60% for the 9-year ended 2022, driven by a surge in Patents and Industrial Designs
Jan 29, 2024
Kuldip Maity, MD & CEO of Kolkata-based NBFC-MFI, VFS Capital, shares his expectation from the budget.
Jan 29, 2024
US GDP in Q4CY23 expanded by 3.3%, beating expectation of 2% growth, but slowing from 4.9% in Q3
Jan 29, 2024
The NBFC-ND-SI is looking to generate at least Rs200mn in net fee income from insurance distribution in FY25E
Jan 28, 2024
Resolution Momentum strong with Total Recoveries & Upgrades for Q3 FY24 at INR 1,316 Cr. YTD FY24 cumulative recoveries and upgrades at INR 3,869 Cr
Jan 27, 2024
Policy intent is likely to be made clear through the selective allocation of resources and thrust towards rural development, employment generation and capacity building through infrastructure development
Jan 27, 2024
DCCBS FUNCTION WITH LOWER C-D RATIOS THAN STCBS, OWING TO THEIR HIGHER DEPOSIT BASE
Jan 27, 2024
Credit growth of StCBs remained robust in 2022-23 and they liquidated their SLR investments to bridge the C-D gap due to contraction in deposits; 2 StCBs reported GNPA ratios greater than 50 %
Jan 27, 2024
About 3,000 Representatives From 350 UCBs Are Likely To Participate
Jan 26, 2024
Punjab National Bank's Net Profit has Increased toRs2,223 Crore during Q3 FY'24, with YoY growth of 253.41%
Jan 25, 2024
GNPA down to 2.38% in Q3 FY24 from 3.46% in Q3FY23
Jan 25, 2024
The flagship financial services company of the Tata Group provides secured loans of up to rs2 cr or the total cost of education, including tuition fees and living costs
Jan 25, 2024
The HFC's Profit After Tax is Rs37 Cr, up by 8% YoY, AUM atRs7,604 Cr, up by 31% YoY
Jan 25, 2024
The Provision Coverage Ratio (PCR) as on December 31, 2023 was at 76.42% and PCR without considering gold loans NPAs was at 77.27%
Jan 25, 2024
Given the increasing pressure on liquidity, RBI may resort to measures to infuse durable liquidity in the system
Jan 25, 2024
RBI Holds Conference Of Directors Of Select Southern Zone UCBs
Jan 25, 2024
The flagship financial services company of the Tata Group provides secured loans of up to rs2 cr or the total cost of education, including tuition fees and living costs
Jan 25, 2024
It expanded affordable segment presence to 100 branches & outreaches as on 31st Dec 2023
Jan 25, 2024
Incremental bank credit growth as well as corporate bond issuances to reach all-time high in FY2024
Jan 24, 2024
Govt's Gross Borrowing Likely At Rs15.3 Trillion In FY25; Gross Tax To GDP Ratio At 16 Year High In Fy24, Could Touch Highest Ever In The Last 2 Decades In FY25
Jan 24, 2024
The NBFC's Net Profit grows by 53% to Rs.424 Crore for the nine months ended Dec'23
Jan 24, 2024
Nikkei edged down amidst hawkish undertone in BoJ's Governor statement, Asian stocks are trading mixed
Jan 24, 2024
Forensic Audit, which involves specialized skills, identifies control failures, uncovers trails and gathers legally tenable evidence to trace funds and achieve final resolution
Jan 24, 2024
Across product categories (barring housing loans), 80 % of the credit is contributed to by size buckets less than Rs10 to 25 lakh, thus reflecting the granular nature of retail credit even at the product level; Between 2017 and 2023, on average 60 % of the incremental credit is contributed by five banks. However, in recent years, the incremental growth contribution from the dominant banks has decreased; the policymakers may also consider using structural prudential tools, viz., debt-service rati
Jan 24, 2024
Opens up another source of long term funding for SMFG Grihashakti, thereby helping diversification of sources of funds and support asset liability management caption Deepak Patkar
Jan 23, 2024
Sensex is trading higher today
Jan 23, 2024
Net Interest Income of Tamilnad Mercantile Bank is Rs537 Crores
Jan 22, 2024
UP Credit/Deposits 5-Year CAGR is better than All-India level; Where Latin America meets Scandinavia: The Road to Salvation passes through Uttar Pradesh
Jan 22, 2024
Cooperative sector will become an important partner in Modi government's 5 trillion economy target
Jan 20, 2024
The NBFC-MFI's Gross Loan Portfolio of INR 23,382 crore, up 31.5% YoY Pre- provision Operating Profit of INR 602 crore, up 58.6% YoY Profit After Tax of INR 353 crore, ROA of 5.5%, ROE of 23.6%, GNPA of 0.97%, NNPA of 0.29%
Jan 20, 2024
5.75 Lakhs credit cards issued in this quarter; Total cards outstanding at 5.04mn
Jan 19, 2024
Equitas SFB aims to make banking accessible for Kerala's business, local and NRI community via the 5 branches in the state
Jan 19, 2024
Bank's NIM at 4.29%, Net NPA at 0.57%, Provision Coverage Ratio at 71%, Capital Adequacy Ratio (CRAR) at 17.86%
Jan 19, 2024
Barring EUR (lower) and GBP (higher), other global currencies ended flat
Jan 19, 2024
Deputy Governor Swaminathan J called upon the Internal Ombudsmen of Banks, NBFCs and CICs to provide valuable inputs for enhancing internal systems and processes
Jan 19, 2024
These actions on 5 coop banks are based on deficiencies in regulatory compliance
Jan 19, 2024
An Open-ended scheme replicating/tracking the NIFTY PSU Bank Index (TRI)
Jan 18, 2024
The tenor of the bonds is perpetual with a call option after 10 years and every anniversary thereafter.
Jan 18, 2024
Vivriti Capital has strategically offered a tailored solution under its SCF offerings to help Goldi Group in securing essential raw materials
Jan 18, 2024
Tap, has helped to raise INR 250 Cr for over 70 businesses across India via asset leasing and invoice discounting products.
Jan 18, 2024
UK's inflation came in higher than expected at 4% (3.9% in Nov'23) led by higher prices of alcohol and tobacco, which in turn has dented rate cut expectations from BoE
Jan 18, 2024
Issue opens on Tuesday, January 30th, 2024 and closes on Monday, February 12th, 2024; Coupon yielding up to 12.25% per annum
Jan 17, 2024
Investors monitored comments by Fed Waller on lowering rates 'carefully' as inflation is nearing the Fed's target goal
Jan 17, 2024
The partnership to focus on extending loans to MSMEs across
Jan 16, 2024
Prodigy understands each student's financial situation is unique, and assesses loan applications through an innovative Future Earning Potential model
Jan 16, 2024
RBI releases draft circular on Credit/investment Concentration Norms – Government owned NBFCs
Jan 16, 2024
RBI issues Guidelines on Appointment / Re-appointment of Statutory Auditors of State Co-operative Banks and Central Co-operative Banks
Jan 16, 2024
RBI releases draft circular on HFCs and NBFCs
Jan 15, 2024
SIDBI EV initiatives are geared up to spread across cities, towns and unserved segments. Besides metros, SIDBI's endeavour is to reach tourist clusters and pilgrimage centres like Mathura, Varanasi, Agra and other rural parts of India shortly
Jan 15, 2024
SmartFin facilitates digital SCF loans for dealers and suppliers of corporate clients, enabling them to achieve their strategic business objectives, that includes working capital efficiency, market expansion, sales acceleration, and strengthening supply chain partnership
Jan 15, 2024
Sensex is trading further higher today while other Asian stocks are trading lower
Jan 15, 2024
These actions on all the 4 entities are based on deficiencies in regulatory compliance
Jan 13, 2024
Both the coop banks do not have adequate capital and earning prospects
Jan 13, 2024
Gift City and Vibrant Summit the best gift that Gujarat has given to the world: World Bank Country Director
Jan 13, 2024
During a discussion with Chief Minister Bhupendra Patel, topics such as green hydrogen, climate financing, and the services sector in Gujarat were deliberated upon by Vice-President and COO of the New Development Bank, Vladimir Kazbekov
Jan 12, 2024
The small finance bank celebrates women entrepreneurs' resilient spirit and success in Uttarayan 2024 through its new Circle of Life video
Jan 12, 2024
This unique deposit scheme is open to Resident Individuals, Non-Individuals, and NRI Customers
Jan 12, 2024
The theme of the Conference was 'Resilient Financial System – Role of Effective Assurance Functions'
Jan 12, 2024
Luminaries, experts, and visionaries are gathering as part of India Banking Conclave 2024 in New Delhi to chart a transformative course for India's financial institutions
Jan 12, 2024
IJF is a Rs4900 Crore (USD 600 Million) fund, with Japan Bank of International Cooperation ("JBIC") and Government of India as anchor investors
Jan 11, 2024
FIDC Issues Vision Document & Code of Conduct For Its Members
Jan 11, 2024
ECLGS loans' overall GNPA rose to 6.5% in Sep 2023 from 5.5% in Mar 2023, with services and trade loans accounting nearly half of total delinquencies
Jan 11, 2024
Having introduced issuance of Electronic Bank Guarantee in May 2023, the Bank of Baroda achieved this milestone within 8 months of its launch
Jan 10, 2024
91% MSMEs expect their profits to increase in 2024 supported by government initiatives & a resilient economy: by NeoGrowth Study
Jan 10, 2024
Sensex is trading lower today, in line with other Asian stock
Jan 10, 2024
The Master 1 Business Correspondent Agreement, inked for an initial three-year term and extendable for an additional year, marks a pivotal moment in the quest to broaden financial access throughout India
Jan 09, 2024
Combining UPI flexibility with exclusive benefits for a seamless banking experience
Jan 09, 2024
On domestic front, Bloomberg Index proposed to include Indian bonds (FAR) to be part of the EM local currency Index from Sep'24, which would support more flows
Jan 09, 2024
These actions on 5 coop banks are based on deficiencies in regulatory compliance
Jan 09, 2024
Bajaj Markets partners with Ujjivan Small Finance Bank to offer attractive interest on fixed deposits
Jan 08, 2024
Major changes done in the earlier Guidelines on Small Finance Banks
Jan 08, 2024
AU Swadesh Current Account provides complete flexibility in terms of balance maintenance and monthly transactions taking into account the seasonality of business cycles
Jan 08, 2024
On domestic front, Rabi sowing data remained a cause of concern.
Jan 08, 2024
7 out of 20 commodities have registered softening of prices
Jan 06, 2024
GDP GROWTH UPGRADES TO 7.3% FOR FY24 (SBI:7.2%): PER CAPITA INCOME GROWTH AT 6.4%
Jan 05, 2024
Securitisation volumes witness modest decline; estimated at Rs380 Bn in Q3 FY2024 compared to Rs460 Bn in Q2 FY2024
Jan 05, 2024
These actions on 5 coop banks are based on deficiencies in regulatory compliance
Jan 05, 2024
Markit PMI data shows that services sector activity continued to expand in Dec'23 at faster pace in the US and UK, while it remained in contraction in Eurozone (led by France and Germany)
Jan 05, 2024
The JOLTS survey shows that job opening in Nov'23 fell by 62k to 8.79mn from 8.8mn, dropping to lowest levels since Mar'21
Jan 04, 2024
Depositors below 60 years can earn up to 8.60 per cent per annum for a tenure of 42 months for FDs
Jan 04, 2024
Overall credit profiles seen stable supported by strong profitability and low credit costs
Jan 04, 2024
REC signs MoU with Rail Vikas Nigam to Finance Multi-Modal Projects over next 5 Years
Jan 03, 2024
RBI releases draft circular on declaration of dividend by banks and remittance of profits to Head Office by foreign bank branches in India
Jan 03, 2024
In Asia, conditions seem to be slightly better
Jan 03, 2024
The card can be availed by both customers and non-customers at Bank of Baroda branches, and will be immediately activated for real-time use
Jan 02, 2024
Happy Savings Account holders can receive cashback up to INR 7,500 per year on eligible UPI transactions
Jan 02, 2024
The Super Special Fixed Deposit offers a very lucrative rate of 7.50% p.a. for 175 days, which is high yielding avenue for HNIs & Corporates
Jan 02, 2024
Sensex is trading lower today, while Asian markets are trading mixed
Jan 02, 2024
RBI Reviews Instructions on Bulk Deposits for UCBs
Jan 02, 2024
NEDFi assists grass-root small borrowers in unserved and underserved areas of the NE Region through “NEDFi Micro Finance Scheme”
Jan 01, 2024
The bank does not have adequate capital and earning prospects
Jan 01, 2024
For PVBs the increase on fresh deposits was lower 195 bps and that on loans was 154 bps
Jan 01, 2024
China’s official PMI data reflects that contraction in manufacturing activity deepened in Dec’23, while non-manufacturing activity improved
Jan 01, 2024
NARCL and PSBs should expedite on-boarding of stressed accounts; Coordination between banks, security agencies, regulatory bodies and technology experts will create a more resilient financial ecosystem: Nirmala Sitharaman
Dec 31, 2023
Excluding the impact of HDFC merger, deposits have risen by Rs 16.2 lakh crore (+9%) in FYTD24 so far
Dec 30, 2023
Sectoral Deployment of Bank Credit – November 2023
Dec 30, 2023
The bank does not have adequate capital and earning prospects
Dec 30, 2023
The weighted average domestic term deposit rate (WADTDR) on fresh rupee term deposits of SCBs moved to 6.34 per cent in November 2023
Dec 30, 2023
RBI cancels the license granted to The Botad UCB
Dec 30, 2023
The Commissioner and Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank
Dec 30, 2023
Cooperation Minister: New Coop Policy To Be Implemented Soon Across the country; Modi government is spending about Rs25 Billion for computerization of PACS
Dec 29, 2023
Traders are entering 2024 with a thoroughly dovish rhetoric, at least in case of Fed. Expectations are that the reverberation will be felt across major central banks, sooner or later. Hang Seng rose the most, followed by Shanghai Comp
Dec 29, 2023
Maharashtra and Gujarat accounted for 80 per cent of the total 153 mergers since 2004-05; The number of UCBs in Tier 2 and Tier 3 cohorts is large and the impact of credit default risk is higher than other types of risk for both these cohorts; UCBs in the small-sized cohort (i.e., Tier 1) would pass all stress tests, except one bank which fails in the liquidity stress test
Dec 29, 2023
With a greater focus on shorter term tenors, the higher interest rates will benefit depositors, while at the same time, protecting NIMs, Depositors
Dec 29, 2023
At end-March 2023, PSBs accounted for 61.4 % of total deposits of SCBs and 57.9 %of total advances
Dec 28, 2023
The NBFC sector has experienced some hurdles due to rising interest rates on account of the geo-political climate and recently with RBI regulations on risk weights
Dec 28, 2023
While the majority of the frauds in PSBs were related to advances, PVBs accounted for a majority of card/ internet and cash-related cases
Dec 28, 2023
Sensex is trading higher today while Asian stocks are trading mixed
Dec 28, 2023
REs within the co-operative banking sector have been allowed to enter into outsourcing arrangements with lending service providers (LSPs) and digital lending platforms to imbue more flexibility into their business operations
Dec 28, 2023
capital buffers and profitability of UCBs improved through 2022-23 and Q1:2023-24
Dec 27, 2023
This service will enable RBL Bank customers to make GST and direct tax payments seamlessly via various digital channels and RBL Bank branches
Dec 27, 2023
INR is trading further weaker today, while other Asian currencies are trading mixed
Dec 27, 2023
This year saw a healthy MSME credit demand, with FMCG and retail, Consumer Durables and Apparel being the key segments
Dec 26, 2023
Global equity markets refrained from holding any major positions in the holiday truncated week
Dec 26, 2023
The bank showcases Kamatchi's perseverance to resurrect his passion towards agriculture ahead of National Farmers Day aka Kisan Diwas
Dec 25, 2023
Eligible countries can submit proposals through May 17, 2024 for the Fund, hosted by the World Bank
Dec 23, 2023
The awards were distributed during the 3rd Women Director's Conclave 2023 organised by MentorMyBoard
Dec 23, 2023
ETO Motors manages over 1,500 E3Ws (Passenger + Cargo) and has over 1,500+ drivers, including 200 women drivers
Dec 22, 2023
The focus will now turn towards upcoming PCE report to offer more guidance on inflation movement
Dec 22, 2023
The SBI Ladies' Club Mumbai is committed to making a positive impact on the lives of those less fortunate, especially during the holiday season
Dec 22, 2023
These bonds are Unsecured, Listed, Rated, Subordinated, Non-Convertible, Taxable, Redeemable having a tenor of 10 years from deemed date of allotment with a 5-year call option.
Dec 22, 2023
Barring JPY (higher) and INR (flat), other global currencies ended lower against the dollar
Dec 21, 2023
The United States continued to be the largest source of remittances. The top 5 remittance recipient countries in 2023 are India ($125 billion), Mexico ($67 billion), China ($50 billion), the Philippines ($40 billion), and Egypt ($24 billion)
Dec 20, 2023
Global yields closed mixed, with 10Y yields in US and China ending flat, and falling across Germany and Japan
Dec 20, 2023
WhatsApp is an emerging digital channel for loan with 59% of borrowers having received loan messages on WhatsApp; reflects Home Credit India's How India Borrows Survey 2023
Dec 19, 2023
BOB teams up with IIT Bombay's Mood Indigo, Asia's largest college festival, as the Exclusive Banking Partner, to promote bob BRO
Dec 18, 2023
The service is designed to digitize supporting documents and streamline and simplify relevant processes to facilitate cross-border transactions
Dec 18, 2023
The fraud involved sanctioning of loan of Rs250 Cr in 2019 to a fake cooperative society by the then Chairman of JKSTCB & Others
Dec 18, 2023
In alignment with the launch of 'Indus Solitaire Program', Bank also inaugurated its flagship branch at Surat Diamond Bourse
Dec 15, 2023
Women voters will outstrip men from 2029 onwards and almost at par in 2024
Dec 15, 2023
TJSB Chairman Sharad Gangal handed over the demand draft to NUCFDC CEO Atul Khirwadkar
Dec 14, 2023
IT expects AUM and PAT to double in the next three years, Registers a 7x growth in customer base nationwide in 6 years
Dec 14, 2023
CGCL aims to leverage its robust branch network^ in the North and West India to cross-sell insurance products
Dec 12, 2023
The Fed, BoE, ECB and BoJ are scheduled to meet this week, but no rate action is expected
Dec 12, 2023
The Nari Shakti Savings Account can be opened at all 5132 domestic branches and also through digital platforms
Dec 11, 2023
Even if the RBI resort to OMO sales, we see the probability of it only in February 2024
Dec 09, 2023
Read comments on RBI policy from Dinesh Khara, Chairman, SBI; Saikrishnan Srinivasan, MD, Experian Credit Information Company of India; Girish Kousgi, MD&CEO PNB Housing Finance; Achala Jethmalani, Economist at RBL Bank; Anurag Mittal, Head of Fixed Income, UTI AMC; ASSOCHAM Secretary General Deepak Sood; Bhuvan Rustagi, COO and Co-Founder, Per Annum & Lendbox; Kanav Kalia, Chief Sales and Marketing Officer, Oxane Partners; and Vijay Kuppa, CEO, InCred Money:
Dec 09, 2023
Given the importance placed by MPC on inflation, it looks unlikely that there can be a rate cut before August of next year
Dec 08, 2023
First rate cut is now pushed back to second half of calendar 2024, August 2024 could be the earliest one
Dec 08, 2023
RBI's vigilance on lending and loan growth is in the right spirit to guide NBFCs to further enhance customer centricity: Rajiv Sabharwal
Dec 08, 2023
Rupinder Singh, Managing Director and Chief Executive Officer, talks about the growth journey of the affordable segment focused HFC
Dec 08, 2023
IDFC FIRST Bank Launches Digital Credit Cards on RuPay platform
Dec 07, 2023
Labour market in the US is continuing to show signs of loosening, as ADP data shows that private payrolls were up by only 103k in Nov'23
Dec 07, 2023
Labour market in the US is continuing to show signs of loosening, as ADP data shows that private payrolls were up by only 103k in Nov'23
Dec 07, 2023
Reached this milestone in less than a year of the launch of 'Roshni Home Loans'
Dec 06, 2023
Additional slab offers 7.75% p.a. on savings accounts for deposits greater than Rs5 crores
Dec 06, 2023
Hawkish hold expected, Liquidity actions turn crucial
Dec 06, 2023
Hang Seng and Shanghai Comp declined sharply after rating agency downgraded China's credit outlook. Sensex advanced to a new high supported by gains in power, consumer durable and banking stocks
Dec 06, 2023
The other major credit card issuers live under this category are Kotak Mahindra Bank, BoB Financial, Federal Bank, AU Small Finance Bank, IndusInd Bank, and Canara Bank
Dec 05, 2023
This will boost the bank's operational efficiency and enhance its ability to offer customer-centric banking services and manage risk
Dec 05, 2023
The leading NBFC-MFI Offers Up to 10.50% Coupon Rate
Dec 04, 2023
There are signs of a slowdown in the housing market as well, with US pending home sales dropping to its lowest in over 20 year
Dec 04, 2023
Markets destined for 'Interesting Times' in 2024; Domestic Economy nearing Tipping Point to embrace next wave of growth
Dec 04, 2023
While most global currencies have gained from this, the performance of INR has been underwhelming
Dec 04, 2023
Bonds Wrap
Dec 04, 2023
The data lent support to the narrative that India is the fastest growing economy in the world
Dec 02, 2023
The data lent support to the narrative that India is the fastest growing economy in the world
Dec 02, 2023
The Bank received total bids of Rs10,350 crore
Dec 01, 2023
Offers special anniversary rate of interest on deposits and slashes processing fee on certain categories of advances for a limited period
Dec 01, 2023
H1 FY24 Revenue at INR 458 crores; an increase of 40% YoY; Total AUM clocked INR 5016 crore, an increase of 26% YoY
Dec 01, 2023
India GDP: Growth remains resilient
Dec 01, 2023
'My Family, My Bank' brings together a family's entire banking relationship with the Bank, doing away with the need to maintain minimum balance for each account and enabling all family members to enjoy attractive benefits
Dec 01, 2023
First edition of 'IDFC FIRST Private Hurun India' is a list of the 200 most valuable companies in India founded after the year 2000
Nov 30, 2023
13 partners have been onboarded to offer business solutions with added benefits to MSMEs pan-India
Nov 30, 2023
96% of investors in India are interested in climate investing, the highest among all markets surveyed
Nov 30, 2023
In the Eurozone, inflation in both Germany and Spain eased significantly, led by a drop in energy prices.
Nov 30, 2023
The single largest risk identified by 79% of banking CEOs is the cost of living, reflecting the impact on customers and workforces, leading to stalled borrowing and investing volumes and significant wage inflation; KPMG releases 2023 Banking CEO Outlook Report
Nov 29, 2023
INR too recovered from a record-low, despite higher oil prices. It is trading further stronger today, in line with other Asian currencies
Nov 29, 2023
They have initiated a collaborative finance tool – a first-of-its-kind green loan program that facilitates supply chain decarbonisation in the apparel sector
Nov 28, 2023
Weaker macros in the US and commentary by ECB President on softer economic activity, also impacted sentiments
Nov 28, 2023
The company is planning Tranche IV of Rs200 crore NCD in Q4 of the current financial year
Nov 27, 2023
An informative session was conducted by renowned eye specialist Dr. Smit Bavaria from Dr. Agarwals Eye Hospital to raise awareness among employees about eye care measures
Nov 27, 2023
A way of looking at capacity utilization in the economy is through the lens of ratio of turnover to fixed assets ratio of India Inc. especially for the non-financial sector
Nov 24, 2023
Sensex is trading flat today, while other Asian indices are trading mixed
Nov 24, 2023
Alka Petkar said that cyber security will be one of the biggest challenges faced by cooperative banks
Nov 23, 2023
FTSE slipped for the 3rd straight session led by fall in energy stocks amidst a drop in oil prices
Nov 23, 2023
Over the years, the Indian cash lead economy now has changed to smart-phone lead payment economy chart SBI 23 Nov
Nov 23, 2023
Other Asian currencies are trading mixed
Nov 22, 2023
US elections are due in November 2024 and thus the Democrats may not be comfortable with a slowing economy before elections and hence a frontloaded slowdown looks more imminent
Nov 22, 2023
This conference of industry stalwarts and global thought leaders will highlight some of the key emerging issues related to the banking industry. Key success strategies will be discussed and a roadmap for the future of the Indian banking industry will be laid out
Nov 21, 2023
Sensex trading higher today, in line with other Asian indices
Nov 21, 2023
In UK, retail sales weakened and slid by 0.3% in Oct'23 (MoM basis) far lower than expected and ex-petrol, the sales volume were down by 0.1%.
Nov 20, 2023
The Bank Aims To Reach Out To 4 Lakh Farmers During The Kisan Pakhwada
Nov 18, 2023
Janata Sahakari Bank's ‘Cooperative Week’ is now underway
Nov 17, 2023
Poonawalla Fincorp`s statement: Based on our initial calculations, the increase in the risk weight from 100% to 125% on the Company's consumer credit exposure shall be marginal and is expected to be around 220 bps.
Nov 17, 2023
Hardika Shah: Empowering India's MSME Women Entrepreneurs with Access to Formal Credit can lead to a 16% rise in proprietor income
Nov 17, 2023
CSR initiative, Dhanvantri, to foster healthy lifestyle and overall well-being
Nov 17, 2023
US jobless claims rose to a 3month high for the week ending 11 Nov
Nov 17, 2023
This hospital is a step towards bridging the gap and providing life-saving treatment particularly to patients from underprivileged segments
Nov 17, 2023
Global indices closed higher, with Hang Seng and Nikkei registering maximum gains
Nov 16, 2023
The supply-demand mismatch continues to be the major factor driving the crude oil prices
Nov 16, 2023
Going ahead with some correction in US 10Y yield, some reversal in the trend may be expected
Nov 15, 2023
Benefits of UPI Lite for Customers include reduction in transaction time, a ready to access bank statement, higher payment success rate and enhanced security
Nov 15, 2023
China's macro data has also boosted investor sentiments
Nov 15, 2023
Female Labour Force Participation Rate increased across states
Nov 14, 2023
Bank of Baroda keeps Overnight MCLR unchanged
Nov 11, 2023
Some of the high frequency indicators have been signaling resilience in domestic demand as has been reflected by pickup in digital payments, power demand and even in electronic imports
Nov 10, 2023
The bank has 25.1 lakh customers, an increase of 20% y/y
Nov 10, 2023
Better than expected initial jobless claims data of the US and hawkish commentary from Fed Chair Powell, pushed treasury yields higher and equity markets lower
Nov 10, 2023
SIDBI and DAY-NRLM SIDBI sign of MOU that marks a significant milestone in journey of women-led enterprises
Nov 10, 2023
Historic Highest Growth in Loan Assets of Rs11,771 crores in H1FY24, up by 21% YoY
Nov 09, 2023
Scheduled to run until November 30th, 2023, the 'Loan Mela' allows customers ample time to benefit from these exclusive offerings
Nov 09, 2023
This offer is applicable for amounts less than INR 2 Crore, for both Callable and Non-Callable FDs
Nov 09, 2023
Total Business (advances and deposits) increased to Rs12,866 crore in HY1-FY 2024; ROE and ROA has increased to 16.45% and 1.29% respectively
Nov 09, 2023
Deflationary pressures in China continue to persist
Nov 09, 2023
The bank celebrated a one-day Digital Mahotsav at its Head Office
Nov 08, 2023
In partnership with Bloomberg Media Studios, the Standard Chartered's research surveyed business leaders across 20 markets in Africa, Asia, Europe, the Middle East, and North America
Nov 08, 2023
BoE's chief economist has stirred hopes of rate cuts from next summer
Nov 08, 2023
Tata Motors has been dominating the Indian EV market commanding a market share of over 73%
Nov 06, 2023
The HFC aims to add 60 more branches by the end of this financial year, taking the total number of affordable branches to 160
Nov 06, 2023
With the ICC partnership, IndusInd Bank leverages seamless integration across various marketing channels, including social media
Nov 06, 2023
In Australia and UK, service sector contracted at a slower pace in Oct'23
Nov 06, 2023
BoI's Internet Banking users Increased to 8.66 million in Sep'23 from 8.28 million in Sep'22
Nov 04, 2023
The Electoral Bond deposited by an eligible Political Party in its account shall be credited on the same day
Nov 04, 2023
BoB Essential Commodity Index (BoB ECI) has edged down to 2.4% in Oct'23
Nov 04, 2023
BOB has delivered ROA of more than 1% and ROE around 20%, consistently for last 5 quarters
Nov 04, 2023
Share of SBI's Alternate Channels in total transactions increased to 97.7% in H1FY24
Nov 04, 2023
Customers can now avail home loans at a reduced rate of 8.40%
Nov 04, 2023
Punjab & Sind Bank has successfully upgraded its CBS to the latest version of Finacle 10.2.25.
Nov 04, 2023
The lender has been facilitating a seamless NRI Digital Account Opening platform
Nov 03, 2023
The company has disbursed INR 5700 crore in car loan vertical in FY 22-23
Nov 02, 2023
INR continued to trade in a narrow range, but is trading stronger today
Nov 02, 2023
The new AV is LIVE across digital platforms including Home Credit India's social channels
Nov 02, 2023
Fino Payments Bank's 15th consecutive profitable quarter
Nov 01, 2023
After a lean Q1FY24, disbursals in Q2FY24 increased in a robust manner to touch Rs35,267mn, up 128% YoY and 31% QoQ
Nov 01, 2023
The loan book has maintained its growth trajectory and has increased by 20% to Rs. 4.74 lakh crore
Nov 01, 2023
7 in 10 retailers plan to increase their physical presence in future
Nov 01, 2023
Partnership to unlock the potential of Priority Sector Lending (PSL)
Nov 01, 2023
India Business Excellence Fund – IV is a sector-agnostic fund, providing growth capital to mid-sized companies
Nov 01, 2023
SBI and LIC way more than Maharatna CPSEs contributing 37% of India's GDP
Oct 31, 2023
Except Japan, stock markets elsewhere ended in green
Oct 31, 2023
They will provide support to underserved communities of rural India
Oct 31, 2023
Sanjay Agarwal: This is not just a merger of two entities, its a union of shared values, common goals, and a vision for the future. Financial Inclusion powerhouse in the making
Oct 30, 2023
AUM up by 49% to INR 22.98 Bn with double-digit Return on Equity
Oct 30, 2023
The share exchange ratio for the amalgamation of the Transferor Company into and with the Transferee Company shall be 579 (Five Hundred Seventy Nine) equity shares of face value of Rs10/- each of the Transferee Company for every 2,000 (Two Thousand) equity shares of face value of Rs10/- each of the Transferor Company
Oct 30, 2023
SIDBI is supporting a unique entrepreneurship train journey across India
Oct 29, 2023
Dinesh Khara: "Dhoni’s association with SBI as a satisfied customer makes him a perfect embodiment of our brand's ethos.”
Oct 29, 2023
Provisions increased 25% YOY from Rs424 crore in Q2-FY23 to Rs528 crore in Q2-FY24
Oct 28, 2023
The Company added 20 Lakh new customers during H1 FY24
Oct 28, 2023
"Bulk Deposit" for Regional Rural Banks would now mean Single Rupee term deposits of Rupees one crore and above
Oct 28, 2023
Q2FY24 PAT up 87% YoY to Rs1.07 Bn
Oct 28, 2023
Bank's total Business atRs19,84,842 Cr as on September 30, 2023
Oct 28, 2023
Net NPA reduced to Rs1,364 Crores i.e., 0.68% for quarter ended 30th September 2023
Oct 27, 2023
Book value of share has increased to ?466 from ?408 Y-o-Y
Oct 27, 2023
BAGIC recorded market-leading growth in gross written premium of 53%
Oct 27, 2023
The Lifetime Zero Balance Savings Account comes loaded with offers during the festive season
Oct 27, 2023
Its proprietary underwriting model, GRO Score 3.0 has demonstrated its efficacy
Oct 27, 2023
Tokyo's core consumer inflation (ex food) rose more than anticipated to 2.7% (ext: 2.5%) in Oct'23 ahead of BoJ's rate decision scheduled next week.
Oct 27, 2023
PNB' YouTube followers up by 64% Y/y
Oct 27, 2023
All TDs up to Rs1 Cr shall have premature-withdrawal-facility
Oct 27, 2023
Global Business of the bank increased by 10.12% y/y to ?21.56 Trillion
Oct 27, 2023
Projection of Kharif output:2023-24
Oct 26, 2023
Partnership will serve rural unserved/underserved borrowers in more than 20 states
Oct 26, 2023
Partnership also with Bajaj Auto to create awareness on Financial Literacy, RBIOS and Fraud
Oct 26, 2023
10Y yields in UK and Germany inched up by 7bps and 6bps respectively
Oct 26, 2023
He will be a member of the TTO Asia Management Team
Oct 26, 2023
SBI empowers district managers to expand Jansuraksha schemes at grassroots level
Oct 26, 2023
INR is trading stronger today, in line with other Asian currencies after China announced more stimulus
Oct 25, 2023
Indus Fast Remit (IFR) platform under the Rupee Drawing Arrangement (RDA) scheme of RBI
Oct 25, 2023
tighter control on new bookings resulting in delinquencies in line with industry
Oct 25, 2023
12 million queries and 400k service requests managed by Yes Robot and Whatsapp Banking
Oct 23, 2023
We have made significant progress in our affordable housing portfolio over last 3 quarters: Girish Kousgi
Oct 23, 2023
INR appreciated supported by RBI intervention. It is trading weaker today; Fed survey: Higher rates likely for a longer period, Bob stocks graph
Oct 23, 2023
Yet another quarter of improving operating performance
Oct 21, 2023
One of the highlights during Q2 included the launch of next gen mobile banking app 'iris by YES BANK': Prashant Kumar
Oct 21, 2023
There is still some room for upward movement in WALR
Oct 21, 2023
Our view is that any chance of a rate cut is pushed out to Q2FY25
Oct 21, 2023
Highest ever quarterly Profit After Tax
Oct 20, 2023
Special focus on promotion of digital payments
Oct 20, 2023
SBI Research: Nothing unsecured about unsecured lending
Oct 20, 2023
Bank's investments in technology/digitization continue to progress effectively, benefits of which should be felt in the upcoming years: Vasudevan
Oct 20, 2023
There has been disproportionate shock of COVID-19 on smaller HFCs
Oct 20, 2023
Mumbai, October 19, 2023: Vastu Housing Finance Corporation Limited
Oct 19, 2023
Supporting the Government's Jansuraksha campaign
Oct 19, 2023
18th ASSOCHAM Annual Summit & Awards on Banking and Lending Companies
Oct 19, 2023
Open a zero-balance account in minutes
Oct 19, 2023
The loan book of REC exceeds Rs4,54,393 cr
Oct 19, 2023
Financial results for the Quarter/ Half Year ended September 30, 2023
Oct 18, 2023
Fortnightly forex review
Oct 18, 2023
The rise has been most significant for short-term loans
Oct 17, 2023
The consolidated profit after tax of the lender for the half year ended September 30, 2023 is up 40.9% y/y
Oct 17, 2023
RBI sanctioned the Scheme of Amalgamation
Oct 17, 2023
NBFC Growth Accelerator Program (NGAP) is aimed to increase access to finance for micro enterprises
Oct 17, 2023
Bajaj Allianz Life Insurance and South Indian Bank, announced their strategic partnership, today on 29 September, 2023.
Oct 16, 2023
Bank of India Launched its Upgraded Savings Accounts
Oct 16, 2023
The NBFC-Retail asset under management (AUM), estimated at around Rs14 trillion as of March 2023, is expected to grow at a higher pace of 18-20% in FY2024, as growth in the unsecured loans segment, consisting of personal & consumption loans, unsecured small enterprise loans and microfinance loans, would remain strong, says ICRA report.
Oct 16, 2023
Bank of Baroda (BoB), one of India’s leading public sector banks, has announced increase in interest rates on domestic retail term deposits, including NRO and NRE term deposits, by up to 50 basis points across various tenors up to 3 years.
Oct 16, 2023
Taking advantage of the high interest rate regime, Unity Small Finance Bank Limited (Unity Bank), a new age, digital first bank, has hiked its interest rates offered on Fixed Deposits kept for 701 Days.
Oct 16, 2023
He spoke recently at the Conference on Customer Service, held in Mumbai.
Oct 16, 2023
The Insolvency and Bankruptcy Board of India (IBBI) has invited suggestions/comments from public and regulated entities, on the Regulations for simplifying, easing and reducing cost of compliance.
Oct 16, 2023
To promote e-NWR (electronic Negotiable Warehouse Receipts) financing, Bank of India has joined hands with the Warehousing Development and Regulatory Authority (WDRA)
Oct 16, 2023
