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Multinational banks, RBI discuss changes needed in banking and forex regulations for T+1 norms
Custodians ask the central bank to open a dollar placement window and extend forex trading hours
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Banks core earnings shrink amid multiple headwinds
Gross interest income declined for a second consecutive quarter in FY22
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9 ways you can build your credit score
The majority of lenders and credit card firms are reluctant to offer money to persons who lack a history of debt
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India ahead of China in terms of financial inclusion
In 2020, there were 14.7 bank branches for every 100,000 adults, which is more than Germany, China, and South Africa
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Credit card swipes surge to new peaks
Kotak Mahindra Bank showed the highest growth in credit card spends for September at 27%, followed by ICICI Bank and IndusInd Bank at 13% each
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These banks revised FD rates in November; check new rates
In the first week of November 2021 Indian Bank, Yes Bank, Axis Bank and DCB Bank have revised their fixed deposit interest rates.
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HFCs likely to grow at 8-10% in FY22: Icra
The disruptions caused by Covid-19 moderated the portfolio growth to 6% in FY 2021
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Common Service Centre plans to raise funds via IPO
CSC units are increasingly being accessed by banks and insurance companies, FMCG firms and auto makers, said the report.
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Banks looking for a common social, climate framework
Last month, SBI had said the bank was also in the process of identifying climate risks that have the potential to generate a substantive business
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Fear of prosecution haunts bankers again after Chaudhuri’s arrest
Loan sanctioning and debt recovery may move at slow pace now
