[ad_1] 1 min read Last Updated : Apr 16 2024 | 12:11 AM IST The pass-through to weighted average lending rates (WALRs) on fresh rupee loans between May 2022 and January 2024 was higher for public sector banks (PSBs) compared to private banks (PVBs). The transmission to WALRs on outstanding rupee loans was higher … Read more
[ad_1] 2 min read Last Updated : Apr 13 2024 | 12:46 AM IST The Reserve Bank of India has rejected the names of the candidates proposed by Tamilnad Mercantile Bank (TMB) for the position of managing director (MD) and chief executive officer (CEO). “We would like to inform you that we have … Read more
[ad_1] Illustration: Binay Sinha 2 min read Last Updated : Apr 12 2024 | 10:35 PM IST A study by Bank of Baroda analysing the past data shows economic variables like government capital expenditure (capex) or foreign direct investment (FDI) inflows could be impacted by the election season. However, it said for most economic … Read more
[ad_1] 2 min read Last Updated : Apr 12 2024 | 8:20 PM IST The Reserve Bank of India (RBI) has rejected two more applications for setting up small finance banks: Dvara Kshetriya Gramin Financial Services Private Limited and Tally Solutions Private Limited. So far, the regulator has received 13 applications to set … Read more
[ad_1] The Centre on March 18 directed Public-Sector Banks (PSBs) to submit their business plans till 2026-2027 (FY27) by the end of March, The Economic Times reported. The proposed plans will then be assessed on a quarterly basis by government-nominated directors on the banks’ boards, the report said, citing an official. The business plans … Read more
[ad_1] Both existing and new customers of Bank of Baroda can avail themselves of the Green Deposits at any of its branches across India. Bank of Baroda (BoB) has announced the launch of the bob Earth Green Term Deposit Scheme, aimed at raising deposits for financing eligible environment-friendly projects and sectors, the bank said in … Read more
[ad_1] AU Small Finance Bank (AU SFB), the largest lender in the small finance bank space, has ruled out any further increase in interest rates on deposits given the complete pass-through of the Repo rate hike. Also, the lending rates on the microfinance portfolio of Fincare Small Finance Bank (Fincare SFB) at 25 … Read more
[ad_1] Premium Rakesh Singh, MD & CEO, Aditya Birla Finance; Umesh Revankar, executive vice-chairman of Shriram Finance; and Rajiv Sabharwal, MD & CEO, Tata Capital Non-banking finance companies (NBFCs) reported high growth in the post-pandemic period. While they continue to work for growth, they are also mindful of challenges like risk from expansion of … Read more
[ad_1] Premium Sanjay Agarwal, managing director (MD) & chief executive officer (CEO), AU SFB; Ittira Davis, MD & CEO, Ujjivan SFB; Ajay Kanwal, MD & CEO, Jana SFB; and Inderjit Camotra, MD & CEO, Unity SFB While the Reserve Bank of India (RBI) allows small finance banks (SFBs) to apply to be universal banks … Read more