RBI’s mega bond purchase program is going to subdue credit growth. Banks will have little room to hike interest rates. Small savers will face negative returns.
Top bosses of banks ask RBI to extend one-time restructuring scheme for MSMEs and retail loans in wake of resurgence of Covid-19 infections and concerns about rise in NPAs.
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Govt's debt monetisation program weighs heavy on RBI's monetary policy
IDBI Bank looking to sell entire 25% stake in insurance biz to JV partner Ageas; also on hunt to sell mutual fund biz after RBI did not clear Muthoot's acquisition proposal.
SBI ups minimum interest rate on home loans by 25 basis points to 6.95%; rates could stiffen as other banks are expected to follow SBI’s footsteps.
HDFC Bank sees 17-quarter low in its loan growth in FY21 over the previous fiscal while deposit growth was at a 13-quarter low. Here is how other banks fared.
SBI Card sees over 50% of its transactions from online payments such as on groceries, utility bills and insurance premium.
This is what banks are offering as interest rates on Fixed Deposits.
Banks could see impact of Rs 7,500 cr as SC orders waiver of compound interest for all borrowers who availed loan moratorium.
