Banks set for strong loan growth in Q4

Public sector banks have outperformed private banks in the recent past. Banks also expect margin trajectory to remain robust, while an improving asset-quality resolution should provide further fuel to profitability.

from Banking/Finance-Industry-Economic Times https://ift.tt/4z9RBSN

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UPI transactions surge 7.7% in Dec to ₹12.8-lakh crore

Volume of transactions, too, up by a sharp 7.1 per cent to ₹783 crore during the month

from The HinduBusinessLine - Money & Banking https://ift.tt/XK2d4tp

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SBI asks field functionaries to desist from mis-selling of insurance products

The bank asked the field functionaries to ensure that the branches conduct need-based selling of insurance products with strict compliance to the Assessment of Suitability and Appropriateness Framework (ASAF) and sourcing of business is undertaken for 100 per cent KYC compliant accounts.

from Banking/Finance-Industry-Economic Times https://ift.tt/MZHDvWm

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SBI asks field functionaries to desist from mis-selling of insurance products

The bank asked them to ensure that the branches conduct need-based selling of insurance products with strict compliance to the Assessment of Suitability and Appropriateness Framework

from The HinduBusinessLine - Money & Banking https://ift.tt/XgoibF0

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Impact of policy rates pass-through on overall asset quality requires closer monitoring: FSR

The report noted that impairment in consumer credit, measured in terms of the proportion of the portfolio at 90 days past due or beyond, has shown improvement

from The HinduBusinessLine - Money & Banking https://ift.tt/5uFX3MJ

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