SBI launches nation-wide drive to re-activate inoperative a/cs, including PMJDY accounts
State Bank of India (SBI) has launched a nation-wide drive to re-activate inoperative accounts, including Pradhan Mantri Jan Dhan Yojana
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Category: Banking & Financial Services
Stricter adherence to Sa-Dhan guidelines leads to better discipline in microfinance sector
The overall microfinance portfolio of lenders who are part of Sa-Dhan (the Self-Regulatory Organization/ SRO for Microfinance Institutions) has dropped
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RBI devolves ₹3,497 crore of green bond auction on PDs due to limited investor interest
The Reserve Bank of India (RBI) devolved the auction of the new Sovereign Green Bond (SGrB) on primary dealers (PDs)
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RBI to keep repo rate unchanged at meeting next week, chances of rate cut in February increased: Report
The Reserve Bank of India (RBI) is expected to maintain its policy rate during its upcoming meeting next week, as
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Non-food credit growth slows down in October 2024
The economy seems to be witnessing a slowdown in credit demand, going by RBI’s data on Banks’ non-food credit growth
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RBL Bank to stop issuance of co-branded credit cards with Bajaj Finance
Private sector lender RBL Bank will stop issuance of new co-branded credit cards in partnership with non-banking finance company (NBFC)
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India plans to raise FDI limit to 100% in insurance, amend key provisions of 1938 Act
The finance ministry has proposed amending various provisions of the Insurance Act of 1938, including raising foreign direct investment (FDI)
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HDFC Bank’s SmartWealth achieves 3 lakh downloads
SmartWealth App, a wealth creation and management app from HDFC Bank, has achieved over 3 lakh downloads in just under
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Small-ticket loans, higher deposit limits can enhance payments bank viability: Fino PB MD
Allowing payments banks to offer small-ticket loans and enabling them to accept deposits of more than ₹2 lakh could help
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What prompted RBI’s warning against errant gold lending practises?
The Reserve Bank of India’s (RBI) stern warning of action against lenders who follow irregular gold loan practises was prompted
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