Banking And Finance - Page 4 | Banking Finance News - Indian Banking News, Latest Finance News , Banking Finance News Today

Ransomware attack disrupts at least 150-200 cooperative banks, RRBs

August 1, 2024 07:36 IST

The attack has likely impacted 150-200 cooperative banks and RRBs.

Overall bank credit growth drops; sharp rise in gold, housing loans

Bank credit growth declines, gold loans rise 30.5%, credit card outstanding rises by Rs 51,000 crSubscriber Only

August 1, 2024 05:30 IST

The growth in credit card outstanding, meanwhile, declined during the 12-month period.

11 PSU banks charge Rs 2,331 crore from account holders for not maintaining minimum balance in FY24Subscriber Only

July 30, 2024 17:30 IST

These banks collected Rs 5,614 crore from account holders for not maintaining the minimum balance in the last three years, according to Ministry of Finance figures.

RBI: ‘Digitalisation can expose consumers to impulsive spending, data breaches’

Digitalisation can expose consumers to impulsive spending, data breaches: RBI reportSubscriber Only

July 30, 2024 07:18 IST

In the Report on Currency and Finance (RCF) for 2023-24, released on Monday, the RBI said digitalisation-induced changes in the behaviour of consumers and financial intermediaries can have implications for monetary policy.

payments, payment methods, high-value bills, Cashfree Payments, upi payments, Unified Payments Interface, digital payments, Indian express news, current affairs

Split & pay taking off: Combine payment methods for seamless high-value billsSubscriber Only

July 28, 2024 05:39 IST

In this system, all that the customers need to do is a single swipe using the split & pay option on the digital payment checkout page.

digital payments, Home loans, home loan digital payments, non-salaried persons, Finance Ministry, Indian express business, business news, business articles, business news stories

Banks to give home loans even to non-salaried on digital payments historySubscriber Only

July 27, 2024 07:05 IST

The move would be beneficial for individuals applying for home loans whose creditworthiness is not easy to determine.

General insurers report lower growth in premium underwritten in first quarterSubscriber Only

July 22, 2024 05:20 IST

The industry's demand will be sustained by robust growth in the health segment as well as in the motor segment.

HDFC Bank, HDFC Bank profit, HDFC Bank revenue, HDFC profit after tax, Indian express business, business news, business articles, business news stories

HDFC Bank’s Q1 net up 35%, interest income surges 26%Subscriber Only

July 21, 2024 03:33 IST

Net interest income (NII), which is interest earned less interest expended, grew by 26.4 per cent to Rs 29,840 crore in Q1 FY2025, as against Rs 23,600 crore in the same quarter of last fiscal.

RBI Governor Shaktikanta Das, banking license, business houses, Reserve Bank of India, RBI govt relationship, rural consumption, Indian express news

Not thinking of giving banking license to business houses at present: RBI Governor Shaktikanta DasSubscriber Only

July 20, 2024 07:01 IST

The Governor, however, said that the RBI was open to receiving new applications for setting up universal banks.

HDFC Bank, HDFC Bank revenue, HDFC Bank deposits, HDFC Ltd, credit to deposit (CD) ratio, Indian express business, business news, business articles, business news stories

HDFC Bank to grow advances a little slower than depositsSubscriber Only

July 19, 2024 05:19 IST

Prior to the merger with HDFC Ltd, the bank’s CD ratio was around 85 per cent. Post the merger, the CD ratio stood at 105 per cent (as on March 31, 2024).

SBI, BoB raise MCLR by 5-10 bpsSubscriber Only

July 16, 2024 05:30 IST

At the end of March 2024, the share of EBLR linked loans in total outstanding floating rate rupee loans of banks was 57.5 per cent while that of MCLR linked loans was 38.3 per cent.

Need tax breaks for skills training, loans: NSDC to Finance Ministry National Skill Development Corporation, Budget expectations, Finance Ministry, Indirect tax, skill development training, Income Tax Act, Goods and Services Tax, NSDC tax benefits, education services, education loans, skill development incentives, Indian express news

Need tax breaks for skills training, loans: NSDC to Finance MinistrySubscriber Only

July 15, 2024 07:17 IST

The government owns 49 per cent of NSDC and the remaining 51 per cent is held by the private sector.

infrastructure bonds, State Bank of India, sbi, SBI infrastructure bonds, Indian express business, business news, business articles, business news stories

SBI raises Rs 10,000 crore through long-term infrastructure bondsSubscriber Only

July 11, 2024 08:46 IST

The issue received bids in excess of Rs 18,145 crore and was oversubscribed by around 3.6 times against the base issue size of Rs 5,000 crore, the bank said.

Reserve Bank of India, RBI cautioned banks, RBI fraudulent transactions, loan accounts, High risk Internal accounts, RBI Deputy Governor Swaminathan J, commercial banks, financial institutions, Indian express news

RBI cautions banks against ‘lakhs of accounts’ used for fraudulent transactions, evergreeningSubscriber Only

July 10, 2024 07:48 IST

“CFOs to maintain open and honest communication channels with auditors and bank supervisors", BI Deputy Governor said.

Indias employment rate, Employment rate rises, RBI data, Reserve Bank of India, Female unemployment rate, Labour Force Participation Rate, Female Worker Population Ratio, agriculture, manufacturing sector, Indian express news

Employment rate rises 6% provisionally in FY24 from 3.2% in FY23: RBI dataSubscriber Only

July 9, 2024 05:00 IST

Female unemployment rate declined from 9.2 per cent in January–March 2023 to 8.5 per cent in January–March 2024.

Shaktikanta Das, Reserve Bank of India, public sector banks, private banks, Indian express news, current affairs

RBI governor Shaktikanta Das asks banks to strengthen governance, risk management

July 3, 2024 22:21 IST

The governor in his opening remarks noted the continued improvement in banks' asset quality, loan provisioning, capital adequacy, and profitability, the RBI said in a statement.

credit card, credit card payment, credit cards, Credit card spends, Indian express business, business news, business articles, business news stories

Credit card spends treble in three years to Rs 18.31 lakh croreSubscriber Only

July 3, 2024 04:37 IST

The number of credit cards issued by banks also rose rapidly to 10.18 crore as of March 2024 from 8.53 crore in March 2023, 7.36 crore in March 2022 and 6.20 crore in March 2021, RBI data shows.

incident mahayuti private corporate sector, RBI data, Annual sales growth rate, Reserve Bank of Indi, RBI data usage, Indian express news

Growth in private corporate sector sales moderates to 4.7% in FY24: RBI dataSubscriber Only

June 30, 2024 04:48 IST

In the fiscal ended March 31, 2024, operating profit margin improved across major sectors during 2023-24; it stood at 14.4 per cent, 22.4 per cent and 22.7 per cent for manufacturing, non-IT services and IT companies, respectively.

Financial Services Institutions Bureau, FSIB Chairman announcement, public sector banks, insurance companies, who is Challa Sreenivasulu Setty, state bank of india, Indian express news

FSIB recommends Setty for SBI Chairman postSubscriber Only

July 1, 2024 09:54 IST

SBI’s current Chairman Dinesh Kumar Khara is retiring on August 28, when he turns 63.

home loan rates, Home loans, Reserve Bank of India, RBI, personal loan segment, Indian express business, business news, business articles, business news stories

Home loan outstanding grows by Rs 3.4 lakh crore in 12 months: RBISubscriber Only

June 29, 2024 04:15 IST

Credit card outstanding rose by 26.2 per cent, or around Rs 55,000 crore, to Rs 2.67 lakh crore in May this year as against a growth of 31.5 per cent at Rs 2.12 lakh crore a year ago, RBI data shows.

RBI raises concern over higher delinquency levels in sub-Rs 50,000 personal loansSubscriber Only

June 28, 2024 04:37 IST

The RBI said in the consumer credit segment more than half of the borrowers have three live loans running at the same time.

Revisions to HDFC Bank Credit Card terms from August 1: Know new charges, late payment fees

June 27, 2024 23:06 IST

HDFC Bank has introduced significant changes for its credit card holders regarding terms, payments and charges

General insurance sector gets Rs 18K-cr GST bonanza

General insurance sector gets Rs 18,000 crore GST bonanzaSubscriber Only

June 26, 2024 05:15 IST

The GST demand was on co-insurance and reinsurance commissions and taxing of reinsurance on crop schemes.

Unambiguous commitment needed to bring down inflation to 4% target: RBI Governor DasSubscriber Only

June 26, 2024 07:25 IST

The Governor said that inflation has been easing but the pace of moderation is slow. In May, the consumer price-based inflation (CPI) softened to 4.7 per cent from 4.8 per cent in April.

Seek approvals for open offer by Burmans: Sebi to Religare

SEBI orders Religare to apply for approvals for open offer by BurmansSubscriber Only

June 21, 2024 05:30 IST

The Burmans attempted to seek the approval of the RBI for change in control / management of REL.

BANKING AND FINANCE NEWS - Page 4