Page 72 of banking sector

According to estimates by people in the industry, the share of revolvers in the credit card market used to be around 40% pre-Covid and it has shrunk to 28% now.

Banks expect revolvers to make a slow return to credit card market

New customer additions in January 2022 stood at 13 lakh, down from 13.7 lakh in December 2021, even as the…

March 12, 2022 06:30 IST

State-owned banks on course to book better profits next fiscal: Report

Fitch Ratings in the report on Friday also said private sector banks are better placed to reap the benefits of…

March 11, 2022 14:41 IST

Banks huddle with RBI on Russia trade transactions

According to sources, the meeting was meant to take stock of the current situation and no alternative mechanism for processing…

March 5, 2022 05:00 IST

The rate of growth in fresh gold loans at banks has been stronger than at non-bank lenders over the same period, industry experts said.

Safer avenues of credit growth: Banks turn big players in gold loan

Prakash Agarwal, director and head – financial institutions, India Ratings, said, “Within the organised segment, growth in the banking sector…

March 3, 2022 03:45 IST

Swap auction is expected to withdraw approximately Rs 38,000 crore – a very small amount considering the huge surplus. But, it will have an impact on short-term rates, dealers said. Considering the current scenario, the swap auction is well planned to support exchange rate volatility caused due to global cues.

Dollar-rupee swap to suck out liquidity, support forex market

Currently, the liquidity is expected to be in surplus of around Rs 7.75 lakh crore.

March 3, 2022 01:00 IST

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Common challenges faced by a DIY investor

While starting if you do not have proper guidance or understanding, you are bound to end up making uninformed choices…

Updated: March 2, 2022 23:53 IST

Here is why investors should ignore market noise to create wealth from equity

Many investors rush to invest in stocks that are trending merely based on rumours or rush to exit a stock…

March 1, 2022 17:50 IST

Dhanlaxmi reported an 83% year-on-year decline in its third quarter net profit to Rs 2.03 crore.

Dhanlaxmi Bank aiming at healthy balance sheet

The bank expects net interest income and net interest margin to further improve in coming quarters as it starts accruing…

February 26, 2022 05:45 IST

While settling the law, a Bench comprising Justices L Nageshwara Rao and Vineet Saran accepted the stand of the consortium of banks led by Punjab National Bank that Section 35 of the Sarfaesi Act, 2002, provides that its provisions will have overriding effect on all other laws.

Sarfaesi overrides all laws: Banks’ dues priority over state taxes, says Supreme Court

Setting aside the Allahabad High Court judgment in favour of the department, the SC said that the contention of the…

February 25, 2022 05:30 IST

Top Trends to Witness in the Fintech Sector in 2022

By 2022, the fintech market value is expected to reach a valuation of $309.98 billion, which is twice more than…

Updated: February 24, 2022 15:27 IST

Mahindra Finance launches Special Deposit Scheme with 20 bps higher interest rate

Under these schemes, the depositors can place their deposits for a tenure of 30 and 42 months, which will carry…

February 23, 2022 15:18 IST

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