With banks facing low deposit growth, SBI MD Ashwini Tewari suggests exploration of various avenues, including cut in CRR; govt could also offer tax benefits to encourage individuals to keep more money in bank deposits.
RBI has found certain banks having lakhs of accounts used as conduit for fraudulent transactions and evergreening of loans, says Deputy Governor Swaminathan.
IDFC First Bank’s rural loan book of Rs 40,000 crore offers three benefits; CEO Vaidyanathan also believes that the bank is strategically well positioned for the future.
India’s benchmark interest rates remain unchanged at 6.5% for eighth consecutive time but more voices are growing within RBI’s rate-setting panel for easier money.
Unclaimed deposits with banks have jumped 26% year-on-year to Rs 78,213 crore at the end of March 2024, as per the RBI Annual Report.
RBI has many reasons to feel that project financing is fraught with risks; bankers say draft is hurriedly sewn and, if implemented, prices would go up all around.
Bank of Maharashtra posts highest growth rate last fiscal in terms of total business and deposit mobilisation among public sector lenders.
Microloans to be extended to SHGs and joint liability groups of women enrolled under Sustainable Livelihoods Initiative of HDFC Bank.
Reserve Bank of India approves appointment of Pradeep Natarajan as Whole Time Director on board of IDFC First Bank for a period of three years.
269 resolution plans approved by NCLT in FY24, up from 189 a year ago.
SBI will look to reprice infrastructure loans if RBI’s draft on project financing gets implemented, says chairman Dinesh Khara.
Indian Bank CEO Shanti Lal Jain sets stiff targets on recovery, loan growth and deposit expansion; aim is to cross Rs 1 lakh cr biz transactions through digital channels in FY25.
Kotak Mahindra Bank’s Q4 net interest income was at Rs 6,909 crore, up 13% from Rs 6,103 crore a year ago.
Only Rs 7,961 crore worth of the withdrawn Rs 2,000 banknotes are still with the public.
Bank credit to industry up 8.5% in March 2024 compared to 5.6% a year ago; personal loans see a moderation, as per RBI data.
