RBI governor Shaktikanta Das answers questions on Rs 2,000 note withdrawal

The Rs 2,000 was introduced with the primary purpose of quickly replenishing the value of money that was being taken out of the system, Das said.

from Banking/Finance-Industry-Economic Times https://ift.tt/jevxac8

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Cholamandalam to tread cautiously in EV financing in the near term

It is currently doing disbursements of about ₹10 crore a month in the EV space

from | The HinduBusinessLine https://ift.tt/IGewbgv

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PSU banks' profit crosses Rs 1 lakh crore mark in FY23

Public sector banks' cumulative profit crossed the Rs 1 lakh crore mark in financial year 2023, with market leader SBI accounting for nearly half of the total earnings.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/r7OjsRn

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NPCI leans on bank partnerships to push RuPay credit cards

With UPI being allowed on RuPay credit cards, NPCI is hoping to attract more lenders as it could be a major source of attraction for consumers.

from Banking/Finance-Industry-Economic Times https://ift.tt/kw1WN6S

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Public sector banks' total profit crosses ₹1 lakh-cr mark in FY23

Analysts say higher interest income and improvement in management of non-performing assets or bad loans are among the key reasons for the improved profitability of the banks

from | The HinduBusinessLine https://ift.tt/PMLvaDV

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