Assam to start Category II of Micro Finance Incentive and Relief Scheme by October

Earlier the state government had provided money to borrowers who had been making regular payments to the lenders. Micro finance loan waiver is one of the pre poll promises of the BJP led government.

from Banking/Finance-Industry-Economic Times https://ift.tt/tl6h0GP

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Banks see shift from saving accounts to FDs, credit growth gathers steam

This comes at a time when FDs are fetching relatively higher returns as banks are upping interest rates in the backdrop of the systemic liquidity gradually drying up

from The HinduBusinessLine - Money & Banking https://ift.tt/N1OnQYf

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Mashreq Bank will continue to make investments to expand its business in India: CEO Ahmed Abdelaal

Mashreq in India focuses on wholesale banking, cross-border trade, treasury and investment banking products through its branch in Mumbai. It also has a global competency center named Mashreq Global Network in Bangalore. In January this year, Mashreq Bank invested an additional capital of $100 million. Abdelaal said India remains a strategic market for the bank especially with the global centre in Bangalore.

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

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Economists see RBI delivering another 50 bps hike next week

Economists are unanimous in forecasting that the central bank has no other option but to deliver a 50 bps rate hike next week and take the terminal rate to 6.25 per cent by December.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/kdO45xH

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Government for banks to collaborate with NBFCs and fintech companies, says official

He also said that there is also a push towards the digital route, adding that new-age banking using technology has increased.

from Banking/Finance-Industry-Economic Times https://ift.tt/M32lKk1

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