A Complete Banking Guide... Bank of Baroda, Allahabad Bank, Andhra Bank, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Dena Bank, ICICI Bank, IDBI Bank Limited, Indian Bank, Indian Overseas Bank,, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, State Bank of India, UCO Bank, UTI Bank Ltd., Union Bank of India, United Bank Of India, Vijaya Bank, Yes Bank, Mutual Funds, Income Tax
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Central banks, led by RBI, aim to hedge economic uncertainties by bolstering gold reserves. Despite a slowdown in February, the trend remains strong, reflecting a global interest in diversifying reserve assets.
5:10 AM
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Bandhan Bank CEO Ghosh, 64, to step down in 2024, cites strategic role change. Successor search begins amid RBI tenure cap concern. Group diversifies, invests in healthcare and diagnostics chains.
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NPCI introduces updates for RuPay Credit Card holders on UPI platform, offering EMI options, credit account bill payments, instalment management, and credit limit adjustments. Users can benefit from enhanced convenience and secure payment transactions. Banks to implement changes by May 31, 2024.
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HDFC Bank, India's largest bank, witnessed a notable Rs 1.66 lakh crore increase in deposits in Q1 2024 after the HDFC merger. Retail customers contributed 77% of the additional deposits. Gross advances rose by 1.6% to Rs 25 lakh crore, while deposits grew by 7.5% to Rs 23.8 lakh crore. Year-on-year growth rates stood at 55.4% for advances and 26.
11:10 AM
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The World Bank has painted a grim economic picture of Pakistan in its biannual report, cautioning that over 10 million more people are at risk of descending into poverty in the cash-strapped country. The Washington-based lender's apprehension comes from a sluggish economic growth rate of 1.8 per cent, coupled with soaring inflation, a staggering 26% in the current fiscal year.
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