The yield on the benchmark bond jumped 12 basis points on Thursday to 6.77% after the Reserve Bank of India…
Bank loans to individuals recorded their weakest growth in six years in February, expanding at just 12% year-on-year (y-o-y) to…
The value of transactions at point-of-sale (PoS) machines during the first 26 days of March was lower than that for…
ICICI Bank’s Pockets app has been downloaded by five million users within a year of its launch. What’s more, 80%…
State Bank of India (SBI) commands pole position in all digital banking channels, with a 52% market share in mobile…
In January, when the MCLR was recomputed, it came down by roughly 75 basis points. That obviously is a function…
The value of debit card transactions at point-of-sale (PoS) machines rose by more than 165% between April 2016 and February…
As rising bond yields erode banks’ treasury income, the FIMMDA has requested the RBI to allow lenders to move some…
Non-food credit grew at a lifetime low of 4.34% year-on-year (y-o-y) for the fortnight ended March 3, with outstanding loans…
The collections have gradually improved in January, mainly because currency availability was low. Till mid-December, the old currency was still…
Migration to the marginal cost of funds-based lending rate (MCLR) regime from the older base rate regime constitutes less than…
The value of transactions carried out through the Unified Payments Interface (UPI) channel has overtaken that through mobile wallets in…
Going by the yields they have earned on their advances, most top bankers are yet to drop interest rates meaningfully.
The value of transactions made through the Unified Payments Interface (UPI) and Unstructured Supplementary Service Data (USSD) channels continued to…
A clutch of 23 state-owned banks (PSBs) have clocked a lower aggregate net profit for the three months ended December…
The total value of SMA2 accounts at the New Delhi-headquartered lender at the end of December was R19,000 crore.
The value of transactions at point-of-sale (PoS) machines dropped over 25% in January after peaking in December in the wake…
Bank credit to the industry contracted on a year-on-year (y-o-y) basis in December for the third straight month, falling 4.3%…
