The Budget has continued with the process of pushing for a digital economy set in motion in the aftermath of…
The proposal to increase the allocation to Pradhan Mantri Awas Yojana to `29,043 crore from `20,075 crore in the previous…
The value of transactions made through the Unstructured Supplementary Service Data (USSD) channel between January 1 and 11 crossed the…
The savings from a switchover to the marginal cost of funds-based lending rate (MCLR) are now so large — almost…
With cash in short supply following the withdrawal of high-value currency notes on November 8, card transactions are seeing a…
The BHIM (Bharat Interface for Money) app has seen 5 million downloads since its launch on December 31, reports Shritama…
The acute shortage of cash has driven up both the volumes and value of card transactions at point-of-sale (PoS) machines.
Non-food credit growth hit an at least six-year low of sub-6% — 5.99% year-on-year to be precise —in the fortnight…
Banks stand to lose just about R50 crore a month, or R600 crore a year, if the government was to…
Jammu & Kashmir (J&K) Bank is seen reporting a decline in profit for the quarter ended September, chiefly due to…
Many are hoping to persuade customers to pull out less cash and use electronic channels at least for a few…
Collections and disbursals have been hit somewhat following demonetisation of high currency notes, says George Alexander Muthoot, managing director, Muthoot…
Axis Bank on Friday effected a sharp 100-basis-point cut in interest rates on deposits of more than Rs 5 crore…
The credit-deposit ratio of the banking system, or the proportion of deposits deployed as loans, dropped 155 basis points to…
With money pouring in owing to the demonetisation of Rs 500 and Rs 1,000 currency notes, banks continue to cut…
Kotak Mahindra Bank (KMB) on Thursday lowered the rate on one-year deposits to 6.75%, lower than State Bank of India’s…
The new `2,000 notes will reach bank branches by Thursday and ATMs by Friday, Ashutosh Khajuria, executive director at Federal…
Banks have begun to trim loan rates even as they simultaneously lower deposit rates to try and ensure their margins…
