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Credit offtake expanded by Rs. 20.4 lakh crore, deposits by Rs 23.9 lakh crore over the last 12 months
Credit offtake is a type of bank credit that assists businesses in getting financing for future pro…
ANI
SBI report dismisses bank deposit concerns as a 'Statistical Myth'
As Finance Minister Nirmala Sitharaman hold a review meeting with heads of Public Sector Banks and …
ANI
Not just withdraw, you can soon deposit cash using UPI at ATMs, promises RBI
On Friday, RBI governor Shaktikanta Das announced that bank account holders will soon be able to de…
Banks write off loans worth ₹9.90 lakh crore in last 5 financial years
"Banks evaluate/consider the impact of write-offs as part of their regular exercise to clea…
PTI
Noida woman invests in stock market via an app, loses over Rs 69 lakh as it turns out to be a scam
A 32-year-old woman from Greater Noida lost over Rs 69 lakh to scammers posing as stock market advi…
HDFC bank sees muted quarterly business; share drops 4.15% during trade today
Anticipating that HDFC Bank's foreign inclusion factor to increase from 50% to 100% in the MSCI Ind…
Credit growth in banks continues to exceed deposits, says new SBI report
The State Bank of India reported that credit growth in Indian banks has been consistently outpacing…
ANI
2.1% of ₹2,000 banknotes, with value of ₹7,581 crore, still to be returned
About 2.1 per cent or Rs 7,581 crore of the withdrawn Rs 2,000 banknotes have not yet been returned…
ANI
RBI proposes higher liquidity coverage ratio for retail deposits, creation of level-1 high quality assets
The Reserve Bank of India (RBI) has issued a draft circular on the Basel III framework regarding li…
OYO withdraws DRHP, to refile IPO post refinancing: Sources
Oravel Stays Ltd, OYO's parent company, had in November prepaid a significant chunk of its de…
PTI
Lightning strikes claimed 1,625 lives in Odisha in last 5 years: Minister
Moreover, Rs 5,400 is provided to a person injured in lightning and hospitalised for less than a we…
PTI
As the deposit deadline approaches, ₹2,000 notes fade from the system
With a couple of weeks to go before the deadline to deposit ₹2,000 banknotes, e-commerce giant Am…
Half of India’s ₹2,000 notes are back with banks within a month of withdrawal announcement
Around 50% of India's ₹2,000 bank notes have returned to banks, according to Reserve Bank of India …
SBI report says inflation will remain around 5 per cent this fiscal
Recent data indicates that the Consumer Price Index (CPI) inflation rose to 5.08 per cent in June 2…
ANI
With 2.18 lakh voters, NOTA creates record in Madhya Pradesh's Indore seat
NOTA created a record with 2.18 lakh voters in Madhya Pradesh's Indore opting for the 'none of the …
PTI
Two years after the PMC Bank crisis, depositors of stressed banks to get up to ₹5 lakh by December
“Accordingly, DICGC shall pay the depositors of the insured banks (as per list) placed under AID…
Investors' wealth soars ₹28.65 lakh crore in three days of market recovery after rout
Investors' wealth has soared by ₹28.65 lakh crore in the three-day rally to Friday in the stock m…
PTI
Not just bank deposits, gold sales & real estate to get a boost from ₹2,000 note withdrawal
The Reserve Bank of India (RBI) on Friday said that it intends to pull ₹2,000 banknotes from circul…
5 tax-saving investments that will lose their charm under the new tax regime
The old tax regime offered several tax deductions that helped bring down one’s taxable income, and …
Investment in equity mutual funds surge 5-fold to Rs 94,151 cr in June qtr amid robust eco environment
The robust gain in the asset base was also replicated in the growth of investors in equity mutual f…