Deposits of senior citizens soared about 150% to ₹34 lakh crore in 5 years: SBI report
Senior citizens are proving to be a great source of stable deposits for the banking system. The attraction of 50
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Category: Banking & Financial Services
Kotak Bank services hit due to server outage, users take to social media
Kotak Mahindra Bank’s technical servers experienced disruptions on Monday, with several customers taking to social media to complain about issues
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RBI asks lenders to provide ‘key fact statement’ to borrowers
The Reserve Bank of India has asked lenders to provide ‘key fact statement’ (KFS) to the borrowers of all new
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After AMC business, Jio and BlackRock in JV for wealth management, broking
Months after setting up the asset management joint venture, Jio Financial Services and BlackRock Group have entered into 50:50 JV
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IMGC ties up with Bank of India to offer mortgage guarantee-backed home loan products
India Mortgage Guarantee Corporation (IMGC) has announced its strategic partnership with Bank of India (BOI) to offer mortgage guarantee-backed home
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Reliance Capital case: NFRA debars two CAs to be appointed as Auditors, also imposed fine
Alleging misconduct, the National Financial Reporting Authority (NFRA) has debarred two Chartered Accountants (CAs) between 5-10 years. Also, these two
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Deals activity slows further in BFSI sector as investors turn cautious
The banking, financial services and insurance sector saw an accelerated fall in deals in the March quarter both in terms
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IIFL’s gold book could run down in next 2-3 quarters if RBI’s restrictions prolong: CARE Ratings
CARE Ratings has cautioned that if the Reserve Bank of India’s restrictions on IIFL Finance Ltd (IIFL) prolong, its gold
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RBI to bring POS players under license regime
It appears that a new category of licenses is soon to be added in the world of financial services. To
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Banks’ margins to shrink but loan growth, lower credit cost to aid PAT
Banks profitability in seen moderating in Q4 FY24 to around 10 per cent y-o-y, on the back of muted NII
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