https://www.thehindubusinessline.com/incoming/credit-card-spends-fall-5-in-april-pace-of-new-card-additions-slower/article68218971.ece Clipped from: https://www.thehindubusinessline.com/incoming/credit-card-spends-fall-5-in-april-pace-of-new-card-additions-slower/article68218971.ece Spends in March 2024 were at ₹1.64-lakh crore, also lower than the peak of ₹1.79-lakh crore seen in October 2023 due to
Category: RBI–Banks
India to get rating support if it uses RBI dividend to reduce deficit: S&P | Economy & Policy News – Business Standard
https://www.business-standard.com/economy/news/india-to-get-rating-support-if-it-uses-rbi-dividend-to-reduce-deficit-s-p-124052301178_1.html Clipped from: https://www.business-standard.com/economy/news/india-to-get-rating-support-if-it-uses-rbi-dividend-to-reduce-deficit-s-p-124052301178_1.html The interim budget presented in Parliament earlier in the year targets a fiscal deficit of 5.1 per cent of the GDP Listen
What will be the impact of the RBI’s cash disbursal limit on gold loan? | Personal Finance – Business Standard
https://www.business-standard.com/finance/personal-finance/what-will-be-the-impact-of-the-rbi-s-cash-disbursal-limit-on-gold-loan-124052301204_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/what-will-be-the-impact-of-the-rbi-s-cash-disbursal-limit-on-gold-loan-124052301204_1.html The push for increased transparency and reduced cash transactions aligns well with the RBI’s objectives, promoting a more secure and compliant lending
RBI approves record ₹2.1 lakh crore surplus transfer to government – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/rbi-approves-record-21-lakh-crore-surplus-transfer-to-government/article68203416.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-approves-record-21-lakh-crore-surplus-transfer-to-government/article68203416.ece This significant transfer is expected to reduce the government’s borrowing requirements and positively impact G-Sec yields The Central Board of Directors of
The nomadic life of a PSU banker | Expert Views – Business Standard
https://www.business-standard.com/opinion/columns/the-nomadic-life-of-a-psu-banker-124051900340_1.html Clipped from: https://www.business-standard.com/opinion/columns/the-nomadic-life-of-a-psu-banker-124051900340_1.html Here’s a peek into the life of a public sector banker who did well professionally, but paid a price for it Representative
Gold loan business is shining as regulatory scrutiny of sector grows | Finance News – Business Standard
https://www.business-standard.com/finance/news/gold-loan-business-is-shining-as-regulatory-scrutiny-of-sector-grows-124051900584_1.html Clipped from: https://www.business-standard.com/finance/news/gold-loan-business-is-shining-as-regulatory-scrutiny-of-sector-grows-124051900584_1.html Recent RBI actions many increase companies’ operational cost for but there is enough headroom for growth, say experts In mid-March this year,
A higher interchange is critical for ATM biz: India1 MD & CEO K Srinivas | Interviews – Business Standard
https://www.business-standard.com/finance/interviews/a-higher-interchange-is-critical-for-atm-biz-india1-md-ceo-k-srinivas-124051900586_1.html Clipped from: https://www.business-standard.com/finance/interviews/a-higher-interchange-is-critical-for-atm-biz-india1-md-ceo-k-srinivas-124051900586_1.html The country’s largest WLAO, India1, with a tad over 13,000 units, feels it can double deployments by FY28 K Srinivas, managing director
Getting a credit card is easy but closing it needs a checklist of tasks | Personal Finance – Business Standard
https://www.business-standard.com/finance/personal-finance/getting-a-credit-card-is-easy-but-closing-it-needs-a-checklist-of-tasks-124051601547_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/getting-a-credit-card-is-easy-but-closing-it-needs-a-checklist-of-tasks-124051601547_1.html Get a confirmation letter from issuer confirming closure, ensure it says you have no dues A credit card’s value and rewards change
Govt will receive 30% more dividend from public sector banks in FY24 – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/govt-will-receive-30-more-dividend-from-public-sector-banks-in-fy24/article68193528.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/govt-will-receive-30-more-dividend-from-public-sector-banks-in-fy24/article68193528.ece PSBs will pay dividends aggregating ₹18,013 crore to the government in FY24 against ₹13,804 crore in the preceding financial year The government
Why rate cuts remain elusive – The Hindu BusinessLine
https://www.thehindubusinessline.com/specials/current-account/why-rate-cuts-remain-elusive/article68193346.ece lipped from: https://www.thehindubusinessline.com/specials/current-account/why-rate-cuts-remain-elusive/article68193346.ece From elections to monsoons, a host of uncertainties impinge on the monetary policy committee’s next moves The monetary policy committee (MPC) of
Banks, NBFCs expand sales team amid digital clampdown – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/banks-nbfcs-expand-sales-team-amid-digital-clampdown/article68193471.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-nbfcs-expand-sales-team-amid-digital-clampdown/article68193471.ece Focus shifts to Tier-2 and Tier-3 cities in retail lending and microfinance TeamLease Services, a staffing firm, has 10,000-13,000 such open positions
Banks’ CASA share slips up to 700 bps in FY24 amid deposit stress, term deposits surge – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/banks-casa-share-slips-up-to-700-bps-in-fy24-amid-deposit-stress-term-deposits-surge/article68146588.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-casa-share-slips-up-to-700-bps-in-fy24-amid-deposit-stress-term-deposits-surge/article68146588.ece This is despite the fact that deposit rates have remained elevated through FY24 The share of current account (CA) and saving account
Only 3% women have access to external funding in small cities, finds study | Investment – Business Standard
https://www.business-standard.com/finance/investment/only-3-women-have-access-to-external-funding-in-small-cities-finds-study-124050201128_1.html Clipped from: https://www.business-standard.com/finance/investment/only-3-women-have-access-to-external-funding-in-small-cities-finds-study-124050201128_1.html The white paper was released at an event organised by Federation of Indian Chambers of Commerce & Industry (FICCI) here on Thursday
Bonds rally as US Federal Reserve says no plans for further rate hike | Economy & Policy News – Business Standard
https://www.business-standard.com/economy/news/bonds-rally-as-us-federal-reserve-says-no-plans-for-further-rate-hike-124050201041_1.html Clipped from: https://www.business-standard.com/economy/news/bonds-rally-as-us-federal-reserve-says-no-plans-for-further-rate-hike-124050201041_1.html The yield on the benchmark 10-year government bond fell by three basis points to settle at 7.16 per cent, against 7.19 per
Top 4 credit card issuers lose market share in FY24 – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/top-4-credit-card-issuers-lose-market-share-in-fy24/article68128902.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/top-4-credit-card-issuers-lose-market-share-in-fy24/article68128902.ece Net card additions at 1.6 crore during FY24 MUMBAI The top 4 credit card issuers of the country saw a decline in
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