Bank lending to NBFCs rose 31% in September 2022. Rating agency India Ratings has said that with the sharp rise in banks’ lending rates and […]
Tag: banks
Banks told to have nodal officers to assist trade settlement in Rupee
The government has asked banks to designate nodal officers who can act as a single point of contact to facilitate and promote ‘international trade settlement […]
Here’s what a Paytm report tells us about India’s UPI journey in 2022
With India’s digitalisation picking up pace, the UPI transactions in the nation registered a robust growth. A growth of nearly 25 per cent and 14 […]
Credit card spends fall for the first time in six months
Mumbai: Consumer spending on credit cards fell for the first time since July, signalling an end to the festive season that had begun with Onam. […]
Credit growth far away from being considered ‘exuberant’, says RBI Governor Shakitkanta Das
The present credit growth in India is far away from being considered ‘exuberant’ and there is no ‘big gap’ between the credit growth and deposit […]
Need similar regulations for banks and fintechs if underlying activity is same: RBI DG
Reserve Bank Deputy Governor T Rabi Sankar on Wednesday pitched for similar regulation for both banks and non-bank entities like fintechs if they are undertaking […]
Banks write off loans worth Rs 11.17 lakh crore in last 6 years
Banks have written off Rs 11.17 lakh crore bad loans from their books in the last six years till financial year 2021-22, Parliament was informed […]
Indian banks may set new credit growth record at Rs 19 lakh crore
Indian lenders are set to see life high credit growth, surpassing the Rs 19 lakh crore mark in the current fiscal year, domestic rating agency […]
Decision on privatisation of PSBs after consultation: Govt
The government on Monday said it will take a view on privatisation of public sector banks (PSBs) after consultation with the department and the regulator […]
Coordinated efforts taken to contain Chinese loan apps: FM in Rajya Sabha
Government departments and the Reserve Bank of India (RBI) are taking coordinated steps to check Chinese mobile apps offering easy loans and cheating people, Finance […]