Kotak Bank customers can now link their debit and/or credit card to Google Pay and then seamlessly transact using their mobile phones across different payment platforms.
Banks have headroom to raise Rs 3.75 lakh crore from the bond market as RBI increases SLR to 22%.
Banks could not generate new loans, except for refinance opportunities, as all branches remained closed in the first nationwide lockdown.
Bad loans in the banking system are pegged at Rs 9 trillion.
If dining, travel, and aviation were usually the major spends on credit cards, now it is insurance, e-commerce, electronics, online doctor consultation, medicines, bill payments, and retail purchases like grocery, vegetables, and fruits.
Swarup Kumar Saha lays out strategic roadmap to lift Punjab & Sind Bank’s total biz to Rs 4 lakh crore; plan includes branch expansions, organisational changes, productivity improvement and capacity building.
