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Shaktikanta Das rated A+ for 2nd consecutive year in Global Finance Centra
Updated : 1 year, 7 months ago IST
Grades are based on an "A+" to "F" scale for success in areas such as inflation control, economic growth goals, currency stability and interest rate management. "A" represents an excellent performance, down through "F" for outright failure.
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Deposit growth of banks will pick up from coming quarters: Axis Securities
Updated : 1 year, 7 months ago IST
The credit growth in the Indian banks will continue to be more than the deposit growth, a report by the 'Axis Securities' has said while also noting that bank deposit growth will pick up in the coming quarters.
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IndusInd bank shares up 2.6 pc, lender received RBI approval for AUM busin
Updated : 1 year, 7 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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Sitharaman chairs review meeting of Regional Rural Banks; focus on busines
Updated : 1 year, 7 months ago IST
Union Minister for Finance Nirmala Sitharaman chaired a review meeting of Regional Rural Banks (RRBs) in the national capital on Monday
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RBI issues framework for recognition of Self-Regulatory Organisations in f
Updated : 1 year, 7 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, 7 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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Sitharaman asks public sector banks to work on deposit mobilisation
Updated : 1 year, 7 months ago IST
During deliberations on the deposit mobilisation, the Union Finance Minister stated that while the credit growth has picked up, mobilisation of deposits could further be improved to fund the credit growth sustainably
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Deposit insurers may look for full coverage for small depositors, senior c
Updated : 1 year, 7 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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CARD91 Launches 'Reignite' - Empowering Women Professionals to Return to W
Updated : 1 year, 7 months ago IST
Bengaluru (Karnataka) [India], August 19: CARD91 is excited to announce the launch of Reignite--a new initiative designed to support women professionals as they return to the workforce after a career break. Whether they've been away for three years or six, Reignite is here to help them st
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Spark PWM Expands Bengaluru Office to Support Growing Team and Business Gr
Updated : 1 year, 7 months ago IST
Bengaluru (Karnataka) [India], August 19: Spark PWM Private Limited (formerly known as Spark Family Office and Investment Advisors (India) Private Limited), or Spark Private Wealth Management, a subsidiary of Spark Capital Advisors (India) Limited, a two-decade-old mid-market investment b
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Decline in bank deposits is also because of non-uniform tax treatment on v
Updated : 1 year, 7 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, 7 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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