Page 86 of Banking

Consumption binge drives sharp growth in NFBCs’ unsecured loans

The non-banking finance company (NBFC) sector is witnessing a sharp growth in consumption-led unsecured lending such as travel and durables.

December 13, 2022 01:00 IST

RBI shortlists 7 global consultancy firms to use AI, ML to improve regulatory supervision

The RBI undertakes continuous supervision of SEs with the help of on-site inspections and off-site monitoring, the EoI said.

Updated: December 11, 2022 18:48 IST

Bankers hail RBI monetary policy actions

Citi India chief executive Ashu Khullar said if inflation continues to trend down, the central bank may adopt a more…

December 7, 2022 22:12 IST

Banks should not ask for verification at branch level if customer does e-KYC: RBI

A bank should not be demanding from a customer to walk into the branch for verification/updates.

December 7, 2022 19:25 IST

IDBI Bank, IDBI, IDBI Bank, banking news,

Centre gives more assurances to potential buyer of IDBI Bank

As per the extant FDI policy, the aggregate foreign investment in a private bank from all sources is allowed up…

December 7, 2022 05:45 IST

Capital infusion into state-run banks unlikely next fiscal

The gross bad loan ratio of PSBs dropped substantially from 14.6% as of March 2018 to 7.4% as of March…

December 7, 2022 01:45 IST

Nifty, Bank Nifty, stock markets, derivatives

Nifty may touch 19200 in December F&O series, Bank Nifty likely to outperform; these stocks can lead rally

Bank Nifty is likely to rally till 44500 levels with strong support near 42800. Bank Nifty’s outperformance might trigger a stronger…

Updated: December 6, 2022 12:34 IST

SBI’s personal banking advances excluding home loans cross Rs 5 lakh-cr mark

Personal Banking advances mainly comprise personal loans, pension loans, auto loans, education loans, gold loans, and other Personal loan products,…

December 5, 2022 16:39 IST

BFSI gearing up for a digitally transformed future

There also has to be a good perspective on the compliance needs of BFSI organisations. Data, analytics and visualisation technology…

December 4, 2022 10:20 IST

‘Fintechs replacing banks a misconception; CBDC experience so far comforting’

There are many advantages and use cases which a CBDC offers, like upping privacy of users and also international payments…

December 3, 2022 20:55 IST

How neobank adoption can be increased among small businesses

Credit and finance for MSMEs: For SMBs to progress and catapult India into a position of global economic power, it…

December 3, 2022 13:25 IST

Non-food bank credit rises 17.6%

The increase in repo rates by the RBI has also transmitted to the deposits, leading to higher interest rates on…

December 3, 2022 03:15 IST

Axis Bank, Axis Bank news, Axis Bank latest, Axis Bank latest news, Citibank India, Citibank India latest news, Axis Bank Citibank India merger, banking news

Acquisition of Citibank India might get pushed to May: Axis Bank’s MD

After the completion of merger, Axis Bank will require 18 months for the complete takeover of customers and shift of…

December 2, 2022 01:05 IST

RBI launches retail digital rupee in four cities

CBDC is a digital form of currency notes issued by a central bank.

December 1, 2022 22:09 IST

RBI comes out with four-tiered regulatory framework for urban cooperative banks

The RBI has categorised all unit UCBs and salary earners’ UCBs (irrespective of deposit size), and all other UCBs having…

December 1, 2022 21:45 IST

PolicyBazaar stake sale: SoftBank plans to sell 5% equity in PB Fintech at this price

SoftBank declined to comment, while PB Fintech did not immediately respond to a Reuters request for comment.

December 1, 2022 20:39 IST

Sustained loan demand may push more NBFCs to co-lending pacts

The borrower would pay interest at a weighted average lending rate, which is lower than the interest rate of a…

November 30, 2022 01:30 IST

Demand for housing is largely inelastic in India

Currently, Housing Development Finance Corporation (HDFC) is in the process of merging with HDFC Bank.

November 29, 2022 01:45 IST

Related News

Digital fraud is rising. Are you doing enough to protect your savings?

B2 Visa Rejection 2025: Dubai couple denied US tourist visa despite Europe travel history.

B2 visa rejected: Dubai couple denied US tourist visa despite strong travel history, officer says ‘the reason is…’

e-Aadhaar app launch in India: Easily update your date of birth, address and phone number instantly with the upcoming all-in-one app

US Fed FOMC Meeting Live Updates: Wall Street awaits Fed’s big decision: 25 bps or 50 bps rate cut?

While the billionaires across the world are known for their 4 am wakeup schedule, Buffett doesn't compromise with his sleep, and clocks over eight hours of snooze time.

Warren Buffett wakes up at 6.45 am, and his first go-to drink is not tea, coffee, or water

Global tie-ups soon to push geo-thermal energy: Govt

Policy31 min ago

The Indian government is actively seeking international technology partnerships to develop geothermal energy projects. Multiple foreign companies, such as those from the US, Norway, and Iceland, have started pilot studies. A national policy has been established and potential funding options may be available.

View all shorts