RBI bars Paytm Payments Bank from offering services effective March 2024
Reserve Bank of India has imposed restrictions on Paytm Payments Bank and barred the entity from offering incremental banking services
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Reserve Bank of India has imposed restrictions on Paytm Payments Bank and barred the entity from offering incremental banking services
Continue readingSmall finance banks’ advances and deposits are expected to grow 22-25 per cent in FY24 and report stable profitability with
Continue readingThe proposed cap on the quantum of public deposits that deposit-taking housing finance companies (HFCs) can hold is unlikely to
Continue readingEarnings of banks are seen moderating to 15-18 per cent in Q3 of the current financial year on the back
Continue readingUnion Bank of India (UBI) has reported a 11.44 per cent year-on-year (y-o-y) growth in gross global advances and 10.09 per
Continue readingHDFC Bank’s gross advances rose 62.4 per cent y-o-y to ₹24.7 lakh crore as of December 31, 2023. Sequentially, the
Continue readingCentral Bank of India (CBoI) has reported a 14.91 per cent year-on-year (y-o-y) growth in gross advances and 9.52 per
Continue readingDeposits and advances of all scheduled banks soared by over ₹2-lakh crore each in the reporting fortnight ended December 1,
Continue readingDeposit rates could peak over the next two quarters as the re-pricing cycle is still not fully complete, according to a
Continue readingWe probably overestimated the speed at which the change from physical to digital would happen, says Prashant Joshi, Managing Director
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