8:09 PM
Blogger
5:10 PM
Blogger
4:09 PM
Blogger
2:02 PM
Blogger
As part of the Union budget 2022-23, Finance Minister Nirmala Sitharaman had announced the setting up of the 75 DBUs in as many districts of the country to commemorate 75 years of India's Independence. The DBUs are being set up to ensure that the benefits of digital banking reach every nook and corner of the country. Eleven banks in the public sector, 12 in the private sector and one Small Finance Bank are participating in the endeavour.
12:09 PM
Blogger
9:09 AM
Blogger
7:10 PM
Blogger
6:09 PM
Blogger
4:10 PM
Blogger
India on Thursday briefed the finance ministers and central bank governors of G-20 countries about its agenda for the next year when it assumes the rotating annual presidency of the grouping.
3:09 PM
Blogger
11:09 AM
Blogger
7:10 AM
Blogger
6:02 AM
Blogger
While talks to form a consortium with financial investors are also underway, Shriram has not reached a mutually acceptable commercial arrangement with investors that may want to join its consortium. If a consortium is formed, the non-bank lender will be the lead member.
1:02 AM
Blogger
After lenders restarted the sale process of Srei Equipment Finance and Srei Infrastructure Finance, administrator Rajnish Sharma had set a deadline of October 15 for accepting resolution plans.
2:02 PM
Blogger
All mutual funds have some kind of investment risks and hence, investors must consult their financial advisor to make an investment decision based on their risk tolerance.
1:09 PM
Blogger
1:09 PM
Blogger
1:09 PM
Blogger
1:09 PM
Blogger
1:09 PM
Blogger
10:02 AM
Blogger
The RBI's informal communication to local bankers is a step back from the directions it issued in June 2020, when it allowed banks operating from the International Financial Services Centre Banking Units to trade in the NDF segment.
7:10 AM
Blogger
Retail inflation surged to a five-month high in September on the back of stubborn food prices, triggering fears of more interest rate hikes by the Reserve Bank of India (RBI) to tame price pressure, while industrial output contracted in August, posing a fresh challenge for policymakers battling to keep growth intact against the backdrop of a slowing global economy.
12:10 PM
Blogger
The rupee eked out slim gains against the dollar on Wednesday as investors remained risk averse ahead of domestic inflation data, with the Reserve Bank of India likely stepping in to halt a further slide in the local currency.
12:09 PM
Blogger
12:02 PM
Blogger
UAE, Singapore to accept RuPay payments from now on. Know what Nirmala Sitharaman said on RuPay payments in countries abroad.
12:10 AM
Blogger
As major central banks work towards roll-outs of digital currencies, India's largest software exporter TCS on Tuesday announced a solution which will aid in their roll-outs and usage. The Tata Group company has enhanced its blockchain solutions platform Quartz to enable central and commercial banks to support the entire lifecycle of Central Bank Digital Currency (CBDC) issuance, book-keeping and transactions.
12:02 AM
Blogger
The largest and the only state-owned insurer LIC recorded a jump of nearly 35 per cent in the new premium income of Rs 24,991.26 crore in September 2022-23, as against Rs 18,520.21 crore in same period of 2021-22, showed the data from the Insurance Regulatory and Development Authority of India (Irdai).
7:10 PM
Blogger
Large corporates have been disallowed from being even a minority shareholder in consortium wanting to bid for 61 per cent stake in IDBI Bank, as the current RBI norms bar industrial houses from becoming bank promoters, an official said.
7:09 PM
Blogger
7:02 PM
Blogger
The RBI guidelines have barred corporates from being even a minority shareholder in consortium wanting to bid for 60 per cent stake in IDBI Bank's strategic sale process. The current RBI norms bar industrial houses from becoming bank promoters, an official said. As per the RBI guidelines, industrial houses can hold a maximum of 10 per cent stake in private sector banks, but they cannot be a promoter.
5:10 PM
Blogger
2:09 PM
Blogger
1:02 PM
Blogger
A strong credit growth in the second quarter shows that the economy is on the mend and consumers are not holding back amid higher inflation and tightening interest rates. India's largest private lender HDFC Bank's loan book showed a remarkable growth of 23% in the July-September quarter, a good 700 basis points or 7% above the systemic growth.
12:10 PM
Blogger
S&P Global India said weak external demand weighed on overall sales, while the World Bank separately cut India’s growth forecast for the year to March by a full percentage point to 6.5%, citing rising borrowing costs and global risks.
11:09 AM
Blogger
4:09 PM
Blogger
9:02 PM
Blogger
South Indian Bank on Sunday bagged the world record for organising a first-of-its-kind category event of staging and swinging 101 'oonjals' simultaneously at a single venue. South Indian Bank MD and CEO Murali Ramakarishnan along with its group business head Thomas Joseph K received the World Book of Records certification.
7:09 PM
Blogger
7:02 PM
Blogger
Home loan outstanding of banks has clocked double-digit growth in the first five months of the current fiscal, despite the Reserve Bank raising the key interest rate thrice during this period by a whopping 140 basis points (bps), which led to a hike in the home loan rate.
6:10 PM
Blogger
6:09 PM
Blogger
6:02 PM
Blogger
The finance ministry is considering multiple ways such as dipping into other accounts of a cheque issuer and prohibition of opening of new accounts of offenders to effectively deal with cheque bounce cases. These cases have been clogging the legal system. Many suggestions were made at a high-level meeting recently called by the ministry to deal with the high incidence of cheque bounce cases, reported PTI.
4:02 PM
Blogger
To recoup more than Rs 746 crore, the State Bank of India (SBI) has lined up a number of non-performing assets for sale this month and the following month, including the fraud account of Sintex BAPL.
2:09 PM
Blogger
3:10 AM
Blogger
A Reserve Bank of India (RBI) concept note on central bank digital currency (CBDC) has flagged risks posed by private cryptocurrencies saying these digital assets undermine India’s financial and macroeconomic stability because of their negative consequences for the financial sector.
RSS Feed
Twitter
