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Exposure of banks to realty zooms
Outstanding loans to this sector have risen to Rs 3.97 lakh crore at the end of the last financial year, when it expanded at a scorching pace of 23%
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Gold loans: RBI flags possible overvaluation by field agents
The primary concern of the RBI lies with the evaluation process by the banks and fintechs, especially for gold sourced through field agents of compani
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Paytm gets nod to operate in UPI network
YES Bank shall also be acting as merchant acquiring bank for existing and new UPI merchants for One97 Communications
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Fintechs in a tizzy after Paytm action
Several investors and people who founded fintech entities have expressed concern that the central bank’s step might have been too harsh which might
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Credits cards in use just short of 100 million
In the calendar year 2023, the country witnessed the inclusion of 16.71 million new credit cards, marking a significant upswing from the 12.24 million
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RBI, Govt working on CBDC for payments abroad
CBDC is being issued in the same denominations as the paper currency and coins and is being distributed through banks
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What’s ailing HDFC Bank’s interest margin?
While the bank's profit exceeded market expectations, the Net Interest Income (NII), representing the pure interest income figures, disappointed
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Finmin may go for 5.3% fiscal deficit in FY25: Economists
Eight of the projections by forecasting agencies expect the fiscal deficit goal to be 5.3% of the GDP
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UPI Autopay is the rising star
Some of the expenditure typically channelised through this feature is paying for newspaper bills, cable TV subscriptions and sundry regular payments
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Policy rates likely to remain unchanged in December MPC meet
The last time the central bank raised the repo rate was in February 2023. Before that, it raised the key policy rate by 2.5 percentage points from May
