Likely to offer insurance and mutual funds in 2 months.
“Inflation is gradually trending down, but the pace is slow and uneven. Durable alignment of inflation to the target of…
Growth in the banks’ loan to NBFCs declined to a two-year low of 8.5% in June, down from 36% in…
The RBI had barred Paytm Payments Bank from onboarding of new customers in January this year.
The minority shareholders have expressed opposition to the share swap ratio proposed for delisting the brokerage.
The immediate withdrawal facility was marketed under the guise of secondary market transactions.
Companies argue that the new rule, which requires funds in the escrow accounts of lenders and borrowers to be cleared…
Major HFCs that raise deposits include LIC Housing Finance, PNB Housing Finance, Can Fin Homes and Sundaram Home Finance.
In revised guidelines, the RBI said a P2P platform should not promote peer-to-peer lending as an investment product with features…
He said that with good monsoon and a rise in farm product prices, the agriculture growth will likely exceed 5%…
With new launches, FD rates have reached very close to the 9% mark. RBL Bank is offering 8.85% on its…
In the last round of consolidation in the banking sector, 10 state-run banks were merged into four in 2020.
Total assets under management grew 10% to Rs 70,576 crore, driven by its retail and wholesale business.
The RBI said regulations for NBFCs with regard to branches and appointment of agents to collect deposits will also apply…
Digital channels allow banks to reach higher number of customers but not enough volumes, say bankers.
“We came out with certain key metrics on Day 1 (post merger), which is July 1, 2023. Over the last…
A top-up loan allows an existing borrower to borrow more funds without pledging any additional collateral.
Among private banks, IDFC First Bank recorded a 36% Y-o-Y growth in deposits in the first quarter, followed by Bandhan…
