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3 mins read

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   


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3 mins read

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…

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1 min read

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   


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2 mins read

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   


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2 mins read

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   


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4 mins read

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   


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2 mins read

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…

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2 mins read

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…

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1 min read

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   


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3 mins read

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   


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4 mins read

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   


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3 mins read

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…

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2 mins read

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   


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3 mins read

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   


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3 mins read

'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   


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8 mins read

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…

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4 mins read

Jewellery demand is now back to pre-pandemic levels: World Gold Council

Jewellery demand is now back to pre-pandemic levels: World Gold Council

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4 mins read

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…

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3 mins read

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…

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3 mins read

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…