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Household real income continued to decline in recent months, higher govt s
Updated : 1 year, 10 months ago IST
The household (HH) situation in India has continued to deteriorate in recent months, with real income levels persistently declining, highlighted a report by 'Systematix Institutional Equities' a brokerage firm.
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Get an instant loan with pre-approved offers from Bajaj Finance
Updated : 1 year, 10 months ago IST
Pune (Maharashtra) [India], August 23: Getting a loan can often be a time-consuming process, involving extensive application steps and delayed fund disbursement. However, in emergencies where quick funds are needed, a pre-approved loan offer can bypass these delays. Bajaj Finance offers I
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Plea challenges appointment of executive director at Union Bank of India,
Updated : 1 year, 10 months ago IST
The Delhi High Court on Thursday issued a notice regarding a public interest litigation (PIL) challenging the appointment of Pankaj Dwivedi as the Executive Director of Union Bank of India.
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Financial sector should enhance digitisation in credit delivery to help MS
Updated : 1 year, 10 months ago IST
Swaminathan J, Deputy Governor, Reserve Bank of India (RBI) on Wednesday said that the financial sector should leverage digitisation in credit delivery to help Micro, Small and Medium Enterprises (MSMEs).
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PM Modi congratulates RBI Governor Das on A+ rating in Global Finance Repo
Updated : 1 year, 10 months ago IST
Prime Minister Narendra Modi, on Wednesday, congratulated Reserve Bank of India's (RBI) Governor, Shaktikanta Das for bagging an A+ grade rating in the Global Finance Central Banker Report Cards 2024.
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IndusInd bank shares up 2.6 pc, lender received RBI approval for AUM busin
Updated : 1 year, 10 months ago IST
The shares of IndusInd bank surged more than 2.67 per cent after the bank received approval from the Reserve Bank of India (RBI) to establish a wholly-owned subsidiary for undertaking the asset management business of Mutual Funds, the bank informed the exchange in a filing.
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RBI issues framework for recognition of Self-Regulatory Organisations in f
Updated : 1 year, 10 months ago IST
The framework was introduced given the potential role of Self-Regulatory Organisations (SROs) in strengthening compliance culture among their members and also providing a consultative platform for policy-making.
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RBI says demand conditions in Indian economy are gathering momentum
Updated : 1 year, 10 months ago IST
The demand conditions in the economy are gathering momentum after some slack in the first quarter of 2024-25, the Reserve Bank of India said in its monthly bulletin of August 2024.
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Deposit insurers may look for full coverage for small depositors, senior c
Updated : 1 year, 10 months ago IST
Asserting that full insurance coverage for all depositors appears somewhat financially non-viable, RBI Deputy Governor M. Rajeshwar Rao suggested that if this could be given to certain sections of the customers -- small depositors, senior citizens, or pools deposits of smaller depositors
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Decline in bank deposits is also because of non-uniform tax treatment on v
Updated : 1 year, 10 months ago IST
On the concern over the recent decline in bank deposits, the State Bank of India (SBI) in its latest report asked for tax reforms. The report says tax Reforms for Deposits can accentuate the banking system's stability and resilience to next level.
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SBI report dismisses bank deposit concerns as a 'Statistical Myth'
Updated : 1 year, 10 months ago IST
As Finance Minister Nirmala Sitharaman hold a review meeting with heads of Public Sector Banks and Regional Rural Banks on Monday, the State Bank of India (SBI) in its latest report noted that the belief that the deposit growth in the banking sector is flagging just a statistical myth.
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Karnataka government pauses SBI, PNB deposit withdrawals for 15 days
Updated : 1 year, 10 months ago IST
The Karnataka government has temporarily paused the implementation of a circular that directed the withdrawal of deposits and restricted further deposits in all branches of Punjab National Bank (PNB) and State Bank of India (SBI), the state government said in a statement.
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