Page 56 of Banking

NPCI, UPI, top news, latest news, business news,

Expect large merchants to pay reasonable charges for UPI payments in 3 years: NPCI CEO

At present, all the energies are focused on providing a viable payment alternative to cash and increasing the acceptability of…

January 4, 2024 19:10 IST

corporates, companies, dematerialisation, Ease of Doing Business, World Bank, public companies, private companies, loans, security-related frauds, SEBI

Bandhan Bank’s credit in Q3 grows 18.6 per cent to Rs 1.16 lakh crore

Total deposits increased 14.8 per cent to Rs 1,17,422 crore during the quarter under review, it said.

January 4, 2024 13:57 IST

State Bank of India, SBI, RBI, SBI Banking & Economics Conclave, inflation, top news, latest news, business news,

SBI garners USD 1 billion from overseas to cater to ESG financing market

Last year too, the country’s largest lender had raised USD 1 billion syndicated social loan.

January 3, 2024 16:06 IST

CareEdge Ratings, NBFC-IFCs, Power Finance Corporation, top news, latest news, business news,

Power finance firms’ disbursements to top Rs 2.9 trillion in FY24: Report

This growth in disbursements is likely to enable such infrastructure finance companies to continue gaining market share from traditional banks.

January 2, 2024 04:30 IST

fixed deposit, Reserve Bank of India, Monetary Policy Committee, State Bank of India, top news, latest news, business news,

Banks’ FD rates unlikely to rise further in 2024

The upward movement of FD rates last year was mainly driven by a series of repo rate hikes by the…

January 2, 2024 01:10 IST

RBI, Reserve Bank of India, 2,000 notes, top news, latest news, business news, RBI news,

Nearly 97.38 per cent Rs 2,000 notes returned to banking system; Rs 9,330 crore still with public: RBI

The Reserve Bank of India (RBI) on Monday said that nearly 97.38 per cent of the Rs 2,000 bank notes…

January 1, 2024 18:25 IST

Supporting regulatory framework needed to harness benefits of AI: RBI DG

Speaking at the 106th Annual Conference of Indian Economic Association in Delhi on December 22, Rao said the emergence of…

January 1, 2024 17:32 IST

Ashok Vaswani, Kotak Ashok Vaswani, Kotak Mahindra, Kotak Mahindra news, Kotak Mahindra MD CEO

Veteran banker Ashok Vaswani assumes charge as Kotak Mahindra Bank’s MD, CEO

The Reserve Bank of India (RBI) in October 2023 approved the appointment of Vaswani as the bank’s MD and CEO…

January 1, 2024 15:37 IST

Nexensus: Elevating lifestyle through financial empowerment in India

With advanced data-led API solutions, Nexensus empowers BFSI-CISO and NBFCs to make proactive business decisions and stay ahead of the…

Updated: February 23, 2024 00:44 IST

Indian Overseas Bank, Indian Overseas Bank news, banking news, Indian banks

Indian Overseas Bank unveils savings account portability facility

The facility, being available online, helps customers avoid the laborious process of filling up endless forms manually and cuts short…

December 31, 2023 16:45 IST

Swiss bank account, How to open, Secrecy laws, facts, requirements, tax rules

How to open a Swiss bank account from India?

Swiss banks follow tight regulatory guidelines in addition to being renowned for their secrecy and privacy.

December 31, 2023 07:07 IST

Nirmala Sitharaman, Public sector banks india, PSBs in India, public banks performance india, GNPA ratio india, NARCL, SCBs, finance ministry

Finance Minister meets heads of PSBs, reviews financial performance

As per the report, the improvement in asset quality of banks that began in 2018-19 continued during 2022-23. The GNPA…

December 30, 2023 19:41 IST

RBI, RBI news, Reserve Bank of India, Reserve Bank of India news

RBI cancels licence of 2 co-operative banks

Separately, the RBI also cancelled the licence of Adarsh Mahila Nagari Sahakari Bank Maryadit and the bank ceases to carry…

December 30, 2023 04:00 IST

Banks, banking news, non-food credit, non-food credit news, Reserve Bank of India, RBI news, RBI

Banks’ non-food credit increases 21% in November

Among the services segment, banks’ loans to non-banking finance companies (NBFCs) grew 21.5% y-o-y to Rs 14.93 trillion, sharply lower…

December 30, 2023 03:45 IST

Banks, banking news, RBI, Reserve Bank of India, RBI news, Reserve bank of India news, MCLR, MCLR news

Banks’ 1-year MCLR at 8.75% in December

The 1-year MCLR stood at 8.70% in November 2023. Specifically, the MCLR is the highest at 9.60% for private banks.

December 30, 2023 03:00 IST

repo auction, RBI, Reserve bank of india, banking news, financial express

Banks submit bids worth Rs 3 trillion in RBI’s Rs 1.25 trillion repo auction

The liquidity deficit in the banking system widened to 8-year high of Rs 2.68 trillion on Thursday, pushing up the…

December 30, 2023 02:45 IST

Banks, GNPA ratio, CRAR, Common Equity Tier 1, top news, latest news, business news,

Banks’ asset quality likely to improve by September 2024

At the bank group level, the GNPA ratios of public sector banks may swell from 4.4% in September 2023 to…

December 29, 2023 01:50 IST

RBI, Reserve bank of india, State Bank of India, top news, latest news, business news,

Rising bank-NBFC linkage may pose contagion risk: RBI deputy Guv Swaminathan J

Even when interest rates decline, these long-term large deposits will still have to be managed and that can lead to…

Updated: December 29, 2023 00:02 IST

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How many illegal foreigners were found in Bihar SIR? CEC says ‘data not with ECI’ – Video

India News49 min ago

Bihar Assembly Elections 2025: CEC Gyanesh Kumar announced the dates for the polls and addressed questions about the number of illegal foreigners identified during the Special Intensive Revision (SIR). The ECI does not have the data, which can be found with the EROs and AEROs. The SIR has become the main issue, with the opposition accusing it of being a ploy to remove opposition voters.

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