Seamless reading experience. Save your favourite.
Amid questions on the depleting loan-to-deposit ratio in Indian banks, a recent report by Motilal Oswal, a financial service company suggests that the loan-to-deposit (LD) ratio is likely to subside on its own in the coming months.
The Indian government has introduced numerous initiatives to empower women. In the 2024 Budget, the Mahila Samman Scheme was introduced to support female investors. Sukanya Samriddhi, established in 2015, is part of the Beti Bachao Beti Padhao campaign and is specifically designed for girls.
The number of credit cards in India is expected to reach 200 million with a CAGR of 15 per cent, highlighted a report by PwC.
Of the total 7,813 cases admitted into CIRP at the end of June 2024, only 12.9% have ended in approval of resolution plans, while 25.3% remain in the resolution process versus 25.4% as of the end of March 2024.
AU Small Finance Bank has applied to the Reserve Bank of India for voluntary transition to a universal bank. This change would ease regulatory norms, including lower capital adequacy requirements and reduced priority sector lending obligations. Only AU and Ujjivan Small Finance Bank meet the eligibility criteria set by RBI in April.
"The issue was discussed at a meeting (last month) with the Advisory Board for Banking and Financial Frauds (ABBFF), and it was decided that it will be made mandatory for the lenders to check this list before dealing with such entities and further update it on a real-time basis," a senior bank executive told ET.
The aggregate loan loss provisioning by publicly listed banks in the June quarter increased to a four-quarter high led by a select banks including public sector banks (PSBs) such as State Bank of India (SBI) and Central Bank of India and private sector banks such as Axis Bank, Kotak Mahindra Bank, and Bandhan Bank.
AU Small Finance Bank has applied to the Reserve Bank of India for voluntary transition to a universal bank. This change would ease regulatory norms, including lower capital adequacy requirements and reduced priority sector lending obligations. Only AU and Ujjivan Small Finance Bank meet the eligibility criteria set by RBI in April.
AU-SMALL-FINANCE-UNIVERSAL-India's AU Small Finance Bank seeks cenbank nod for universal bank license
The Pradhan Mantri Mudra Yojana is benefitting a large chunk of people in Uttar Pradesh, as more than 11 lakh residents have received loans to the tune of Rs 11,000 crore in the financial year 2024-25 alone.
The Reserve Bank of India (RBI) has released a list of holidays for September 2024, indicating that banks will be closed for up to 16 days during the month.
