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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Indian commercial banks are considering using iris scans for transaction verification, especially for senior citizens, due to reliability issues with fingerprints and thumb impressions. Discussions are ongoing with the Reserve Bank of India and other stakeholders regarding implementation challenges and cybersecurity concerns.
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Jio Financial's March 2024 net profit was Rs 311 crore. They provide financing for phones, laptops, and EV batteries. Jio Payments Bank launched debit card and revamped savings account.
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Banks compete for deposits as credit outpaces deposit growth by Rs 2 lakh crore in FY24. Highest credit growth was in FY07 at 27%. CareEdge predicts 16% credit growth in FY24.
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Banks updated fixed deposit interest rates in April 2024. Fincare SFB, IDBI, Federal Bank, Bank of India, and Suryoday SFB revised rates. New rates apply to different deposit plans, affecting new deposits and renewals.
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