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
4:10 PM
Blogger
India's credit card spending surged by 19% in July year-on-year to Rs 1.7 trillion, with transaction volumes increasing by 39%, indicating growing adoption. HDFC Bank led in transaction volumes and value, followed by ICICI Bank and SBI. This trend reflects higher consumer confidence and a shift towards credit card transactions.
8:10 AM
Blogger
SBI chairman C S Setty reported robust private capital expenditure as corporates utilize the bank's Rs 4-lakh-crore sanctioned credit pipeline. He revealed a 15-16% corporate credit growth last quarter and assured that the bank’s credit-deposit ratio remains comfortable, indicating sufficient funds for lending.
10:10 AM
Blogger
The finance ministry announced that LGBTQ individuals face no restrictions in opening joint bank accounts or nominating their partners as beneficiaries. The advisory was posted by department of financial services, which comes under the finance ministry, on its X (formerly Twitter) account.
8:10 AM
Blogger
SBI Managing Director Ashwini Tewari foresees a correction in equity markets aiding banks in regaining deposits. He notes that SBI is emphasizing small-ticket Jan Dhan Yojana accounts to bolster deposit growth. The rally in capital markets has resulted in a shift of funds away from banks to higher-yielding alternatives, affecting deposit growth.
7:10 PM
Blogger
Senior citizens can earn higher interest on bank fixed deposits. These deposits provide flexibility, laddering technique benefits, and tax-saving advantages under Section 80C with a five-year lock-in period.
RSS Feed
Twitter
