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Airtel, Axis Bank partner for financial services; launch co-branded credit card

Credit penetration to women low despite better repayment rates: Report

It added that 53 per cent of the women fall under the prime credit score range as against 47 per…

By PTI

Updated: March 7, 2022 8:30 pm

Never share confidential banking info, observe digital hygiene: RBI to public

The RBI has also asked the public not to fall prey to unbelievable lottery offers or abnormally high returns as…

By PTI

Updated: March 7, 2022 6:41 pm

Board acted quickly, decisively: BharatPe co-founder Shashvat Nakrani on unseating Ashneer Grover

BharatPe, which allows shop owners to make digital payments through QR codes, last week stripped Grover of all titles and…

By PTI

Updated: March 7, 2022 2:59 pm

Awaiting govt, RBI guidelines on SWIFT transactions with Russian entities: PNB

Bilateral trade between India and Russia stood at USD 9.4 billion so far this fiscal year, against USD 8.1 billion…

By PTI

Updated: March 6, 2022 2:28 pm

RBI governor Shaktikanta Das met finance minister Nirmala Sitharaman here on Friday.

Ukraine-Russia war: Govt, bankers mull ways to avert payments crisis

Banks have put on hold fresh transactions with the sanctioned Russian banks and are awaiting direction from the Reserve Bank…

By Banikinkar Pattanayak

Updated: March 5, 2022 11:54 pm

Banks huddle with RBI on Russia trade transactions

According to sources, the meeting was meant to take stock of the current situation and no alternative mechanism for processing…

By Shritama Bose

Updated: March 4, 2022 11:24 pm

The plan will not only fast-track the process of financial inclusion, but also will make it possible at lower cost to the exchequer. It will be a win-win situation for all stakeholders as it could help India Post have a self-sustainable model over a few years.

India Post may team up with a bank to start lending

Core banking solutions at post offices to aid financial inclusion

By Prasanta Sahu

Updated: March 4, 2022 6:59 pm

“Rates on existing loans cannot increase suddenly because they are linked to the repo, unless the credit ratings change. So higher rates are being seen on new loans where there is more room for better pricing,” he said.

Lending rates on fresh loans rise 10 bps month-on-month in January

At 12 bps, the WALR hike was most pronounced at private banks, while public sector banks’ (PSBs) WALR on fresh…

By Shritama Bose

Updated: March 4, 2022 12:50 am

It leverages philanthropic capital and public sector resources, to offset barriers for commercial investments in small and medium health enterprises.

Axis Bank commits USD 150 mn loan to healthcare sector

“Under this partnership, Axis Bank will provide affordable finance of up to USD 150 million through SAMRIDH, to support health…

By PTI

Updated: March 3, 2022 6:11 pm

SBI stops transactions related to Russian entities under sanctions

To effect this, SBI has issued a circular as it fears that any transaction with entities or sectors under sanction…

By PTI

Updated: March 3, 2022 3:40 pm

The rate of growth in fresh gold loans at banks has been stronger than at non-bank lenders over the same period, industry experts said.

Safer avenues of credit growth: Banks turn big players in gold loan

Prakash Agarwal, director and head – financial institutions, India Ratings, said, “Within the organised segment, growth in the banking sector…

By Shritama Bose

Updated: March 2, 2022 11:57 pm

UCO Bank customers will now be able to learn about, invest in, track the performance of and redeem from a variety of instruments, it said.

UCO Bank extends partnership with Fisdom; to offer demat account, stockbroking services

The extension suite will be offered through UCO Bank’s mobile banking application, UCO mBanking Plus, and will gradually be accessible…

By PTI

Updated: March 2, 2022 5:49 pm

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