As banks’ chase for customers to collect cheap deposits is not fructifying, they are forced to offer inflation-beating real interest rates on fixed deposits now, […]
Tag: rbi
PNB buries ghost of 2018 to fund lab diamonds
On a wintry morning in 2018, one of India’s largest high-street lenders, Punjab National Bank (PNB), had woken up to the horrors of huge losses […]
Assets worth Rs 26,000 crore monetised in FY23: NITI Aayog
The government has monetised assets worth ₹26,000 crore during FY23 against the target of ₹1.6 lakh crore for the current fiscal while proposal pipeline aggregating […]
Higher cash, quicker resolution help improve redemption ratio for ARCs
The cumulative redemption ratio for security receipts (SRs) issued by asset reconstruction companies (ARCs) has improved to 44% in 2019 from a mere 3% in […]
Indian banks may face rise in bad loans from retail, small businesses: SBI official
Indian banks could see an increase in bad loans in the retail and small business segments from its recent low levels, an official with the […]
PSU banks now offer inflation-beating FD rates
Those believing in safety first are outrunning the glory chasers these days, with stock returns trailing yields on plain-vanilla fixed deposits by a long shot, […]
With UPI-PayNow linkage Modi government makes a grab at the India outside India
Whenever Prime Minister Narendra Modi visits a foreign country, especially a developed one, his signature move is to galvanise the non-resident Indians (NRIs) there. Modi […]
HDFC Bank, Lulu Exchange ink deal to enhance cross-border payments between India-Gulf region
HDFC Bank, a major private sector bank, and UAE-based Lulu Exchange have signed an MoU to strengthen cross-border payments between India and the Gulf Cooperation […]
Banks’ asset quality likely to improve further, say analysts
Indian banks’ asset quality improved over the last couple of years and is soon expected to be better than what it was in 2015 before […]
SBI allows Bhim-based real-time payment with Singapore
A day after a real-time payments system linkage was established between India and Singapore using the UPI platform, State Bank of India on Wednesday announced […]