Deposit-taking housing finance companies (HFCs) are unlikely to face difficulty in complying with the Reserve Bank of India's (RBI) revised norms for raising public deposits issued on August 12, 2024, said Crisil Ratings.
Pune (Maharashtra) [India], August 14: As India celebrates its 78th Independence Day, Bajaj Markets, a digital financial marketplace, celebrates the freedom of choice. People can choose from various financial products that suits their needs on this financial marketplace.
Amid the concerns of declining deposits at banks, CareEdge Ratings anticipated that the credit-deposit ratios may pose a concern to the Non-Banking Financial Companies (NBFCs).
Union Finance Minister Nirmala Sitharaman, again asked the banks to focus on their core business and come with innovative products to increase deposits.
Mumbai (Maharashtra) [India], August 7: Investing can seem daunting, especially for beginners who are just starting to navigate the financial landscape. For those new to investing, understanding the importance of a balanced portfolio and the role of debt can be crucial. Fixed Deposits (FDs)
Pune (Maharashtra) [India], August 6: Bajaj Markets, an online financial marketplace, offers a practical solution for parents planning their children's further education. It has partnered with leading issuers to provide Fixed Deposits (FDs) offering interest rates of up to 9.40% p.a. This sa
In a major milestone, the deposits under the Pradhan Mantri Jan Dhan Yojana (PMJDY) have reached Rs. 2,30,792 crores in a total of 52.81 crores Jan-Dhan accounts.
A research report by the State Bank of India (SBI) highlights the continuous upward trend in credit growth in Indian banks, which is outpacing the growth of deposits.
The credit offtake continue to grow at the rate of 13.9 year-on-year to reach Rs. 168.1 lakh crore for the fortnight ending July 12, 2024, however, the pace of growth was slow, a Care Edge report said.
The credit growth in June 2024 dropped sharply to 17.4 per cent lower than 20.8 per cent in the previous month, however over the last twelve months, credit offtake expanded by Rs. 20.4 lakh crore while deposits expanded by Rs 23.9 lakh crore, a report by Anandrathi observed.
Mumbai (Maharashtra) [India], July 29: Fixed Deposits (FDs) stand out as a traditional yet reliable choice for many individuals seeking stable returns. FDs offer a secure avenue to grow their savings, particularly for those with a conservative risk appetite. One of the key aspects to conside
Mumbai (Maharashtra) [India], July 29: The Board of Directors of IDFC FIRST Bank, in its meeting held today, approved the unaudited financial results for the quarter ended June 30, 2024.