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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
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…
SBI Q1 profit jumps over two-fold to Rs 16,884 cr
The country's biggest bank SBI on Friday posted over two-fold jump in standalone net profit at Rs …
PTI
Customers at several small-sized banks affected as tech provider C-Edge suffers ransomware attack
The issues are being faced for the last two days after the discovery of a breach of the system…
PTI
Monsoon projections to ensure India's GDP growth forecast remains at 7% for FY'25: Asian Development Bank
The Asian Development Bank (ADB) on Wednesday maintained India's GDP growth forecast at 7 per cent …
PTI
RBI announces digital payments intelligence platform to check online frauds
In a bid to bolster the safety and security of digital payments and enhance regulatory frameworks, …
ANI
Axis Bank to tie up with ITC to offer rural lending products to farmers
The collaboration will help Axis Bank bank to leverage ITCMAARS, an agri-tech application to addres…
Axis Bank, PayNearby partner to take banking to rural and remote areas
PayNearby is known to provide branchless and digital banking services to rural customers. The pa…
China is merging hundreds of small banks to fend off financial stress
2,100 banks could be affected as China looks to curb the bad loan environment of its rural communit…
Filip De Mott
EC ropes in banks, post offices to spread voter awareness ahead of LS polls
The Election Commission on Monday roped in banks and post offices to spread voter awareness as part…
PTI
Two-day Bharat Bandh: Essential services likely to be affected
Some of the essential services related to banking, transportation, railways and electricity are lik…
PTI
Microfinance lending shows strong growth in 2022, NBFC MFIs dominate the market
Average balance per account witnessed quarterly growth of 0.8% and grew 5.2% Y-oY as of December 22…
FTX owned an $11.5 million stake in a tiny rural bank in Washington state with just 3 employees, bankruptcy hearing shows
FTX's investment was double the net worth of Farmington State Bank, the 26th-smallest bank in the U…
Pete Syme
SBI announces new vertical to focus on rural and semi urban areas
The thrust is also to improve service quality and availability of banking services through the…
PTI
'Banking deserts' are emerging across rural regions of the US
Net branch closures nearly doubled between 2012 and 2018, with 1,947 branches shutting down last ye…
Rachel Green
Improving workplace decorum – ‘RBI’s recommendations can be seen as onerous but we have to move in that direction,’ says Yes Bank’s CEO
CEO of Yes Bank, Prashant Kumar, has stated that if a bank wants to be customer-centric, it also ne…
Jewellery demand is now back to pre-pandemic levels: World Gold Council
Jewellery demand is now back to pre-pandemic levels: World Gold Council
Vanished savings, trading down to cheaper essentials – life in rural India hit by a wilted Rabi crop
This Rabi crop has been cursed by weather gods since the beginning as unseasonal rains had hit t…
Utkarsh Small Finance Bank IPO to open on July 12 – All you need to know
Utkarsh Small Finance Bank plans to raise up to ₹500 crore via an initial public offering, with bid…
Bandhan Bank shares have gained 54% since lockdown started— but the numbers will reveal the real damage to rural India from COVID-19
So far, the share price reflects some optimism. It’s up over 54% since the lockdown starting Mar…