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47.8 cr Jan Dhan accounts opened, says FM Sitharaman
  • BFSI
  • Enterprise

47.8 cr Jan Dhan accounts opened, says FM Sitharaman

  • 02/02/2023
  • 0

As many as 47.8 crore Jan Dhan accounts have been opened so far, a scheme which was launched in 2014 as a national mission for […]

Govt unveils new savings scheme for women with 7.5% fixed interest rate for 2 years
  • BFSI
  • Enterprise

Govt unveils new savings scheme for women with 7.5% fixed interest rate for 2 years

  • 02/02/2023
  • 0

A ‘Mahila Samman Saving Certificate’ with a fixed interest rate of 7.5 per cent for two years was announced on Wednesday by Finance Minister Nirmala […]

Govt proposes changes in Banking Regulation Act, other laws to enhance investors’ protection
  • BFSI

Govt proposes changes in Banking Regulation Act, other laws to enhance investors’ protection

  • 02/02/2023
  • 0

To improve bank governance and enhance investors’ protection, Finance Minister Nirmala Sitharaman on Wednesday proposed certain amendments to the Banking Regulation Act, the Banking Companies […]

No bad news is good news; pvt capex will take one more year to revive: Bankers
  • BFSI

No bad news is good news; pvt capex will take one more year to revive: Bankers

  • 02/02/2023
  • 0

Bankers welcomed Finance Minister Nirmala Sitharaman’s budget proposals as being growth accretive, and hailed the focus on capital expenditure while continuing with fiscal consolidation. On […]

RBI relaxes restrictions on SBM Bank India until March 15
  • BFSI

RBI relaxes restrictions on SBM Bank India until March 15

  • 01/02/2023
  • 0

The Reserve Bank on Tuesday relaxed the restrictions on SBM Bank (India) and allowed ATM/POS transactions under Liberalised Remittance Scheme (LRS) till March 15. The […]

Gold loan NBFCs seek ‘priority’ sector status
  • BFSI
  • Enterprise

Gold loan NBFCs seek ‘priority’ sector status

  • 31/01/2023
  • 0

Gold loan non-banking finance companies (NBFCs) have sought ‘priority’ sector status for eligible gold loans, including microloans, loans to farmers and micro businesses in the […]

Union Bank takes second shot at selling KSK Mahanadi loan account
  • BFSI

Union Bank takes second shot at selling KSK Mahanadi loan account

  • 30/01/2023
  • 0

Union Bank of India (UBI) has put its Rs 2,077 crore loan to KSK Mahanadi Power on sale for the second time in less than […]

Punjab & Sind Bank aims at Rs 500 cr recovery from NPAs in Q4: MD
  • BFSI
  • Enterprise

Punjab & Sind Bank aims at Rs 500 cr recovery from NPAs in Q4: MD

  • 30/01/2023
  • 0

Punjab & Sind Bank managing director Swarup Kumar Saha has said the bank is expecting a Rs 500 crore recovery in the fourth quarter, as […]

Banks on branch addition spree to cash in on credit growth
  • BFSI
  • Enterprise

Banks on branch addition spree to cash in on credit growth

  • 27/01/2023
  • 0

Indian banks are on a branch addition spree as they look to capitalise on the purple patch in credit growth. While digital banking is growing […]

No significant risk to Indian banking system from Adani Group: CLSA
  • BFSI
  • Enterprise

No significant risk to Indian banking system from Adani Group: CLSA

  • 27/01/2023
  • 0

Global broking and research firm CLSA on Thursday said it sees no significant downside risk to Indian banks from Adani group debt, in which the […]

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