Union Finance Minister Nirmala Sitharaman will review the performance of regional rural banks (RRBs) after the Budget session of Parliament, according to two people familiar with the matter. The finance minister will review the performance of RRBs after August 13. The review will include discussions on enhancing the digital capabilities of RRBs, said a senior government official.
An invasion of wolves is keeping the forest authorities on their toes in Bahraich, where the animal is suspected to have killed at least six people and wounded several, all within a very short span.
Reliance Capital has two credit verticals -- Reliance Commercial Finance and Reliance Home Finance -- with a cumulative asset of over Rs 25,000 crore.
At the heart of Paytm's slide lies the abject failure of its Super App strategy, notes Indrajit Gupta.
Brinda examines some alarming aspects of religious fanaticism through the narrative engine of a well-oiled serial killer mystery, observes Arjun Menon.
Perhaps Kay Kay Menon should choose his projects carefully, instead of wasting his talent like this, observes Deepa Gahlot.
Households are likely to remain the primary net lenders to the economy in the coming decades.
Norman Pritchard: Colonised India's first athlete to win 2 medals in same Olympics
Experts say you should be certain of living in a city and locality for a long time before purchasing a home.
"In view of the festival season and extending the benefits to customers across all segments, we have reduced our MCLR by 10 bps across all tenures," the bank said in a statement.
'There has been a change in the advances mix, with the share of corporate loans decreasing.'
'The Casa ratio is at 33.4 per cent, which has to keep improving. Right now, there is a bit of liquidity pressure in the market.'
Markets regulator Sebi has barred industrialist Anil Ambani, 24 other entities, including former key officials of Reliance Home Finance from the securities market for five years for diversion of funds from the company. Sebi has imposed a penalty of Rs 25 crore on Ambani and restrained him from being associated with the securities market including as a director or Key Managerial Personnel (KMP) in any listed company, or any intermediary registered with the market regulator, for a period of 5 years.
Public sector banks (PSBs) posted 16.1 per cent year-on-year (Y-o-Y) growth in net profit at Rs 39,974 crore during the June 2024 quarter. While net interest income (NII) showed subdued growth of 7.1 per cent, provisions and contingencies declined by 10.5 per cent Y-o-Y. This aided the bottom line to show steady growth.
Loans up to Rs 20 million to companies involved in farming and allied activities will be treated as lending for direct agriculture under priority sector lending status.
Make time for this one, you will be in for a pleasant surprise like I was, endorses Mayur Sanap.
Indian fintechs and associated entities are hoping that the Union Budget 2024 will provide a boost and empower firms to extend their reach beyond Tier-II regions, with an emphasis on supporting enterprises led by women. The fintech industry, which has witnessed regulatory reforms over the last year, expects the Budget, scheduled to be presented by Finance Minister Nirmala Sitharaman on February 1, will further encourage financial inclusion, empower micro-small-medium enterprises (MSMEs) with lending solutions, and push for upskilling initiatives for the country's young workforce.
Lenders have become worried as some dealers were not using the money provided to them for car financing.
Once declared a dud stock, Suzlon has generated stellar returns for investors thus far this calendar year. On a year-to-date (YTD) basis, Suzlon's share price has doubled investor wealth by soaring 109.35 per cent on the bourses. By comparison, the benchmark BSE Sensex has gained just 11.2 per cent.
Sukanya Verma gives you some great options to choose from.
Public-sector banks, including Canara Bank and Bank of India, are tapping the infrastructure bond market. Canara Bank on Tuesday raised Rs 10,000 crore at a coupon rate of 7.40 per cent through 10-year infrastructure bonds. This comes after SBI on July 10 raised Rs 10,000 crore also through infrastructure bonds with a 15-year tenor at a coupon rate of 7.36 per cent.
The share of equity and investment funds in the total financial wealth of households increased by more than 50% between 2011-2012 and 2022-2023.
The bank kept cash reserve ratio unchanged at 6 per cent.
SBI is among the few lenders who have not increased their base rates after the Reserve Bank of India's mid quarter policy review on September 16.
In yet another move to close the regulatory gap between banks and shadow banks, the Reserve Bank of India (RBI) has mandated exposure limits to the non-banking finance companies, in line with commercial banks. In the large exposure framework released on Tuesday, the regulator capped aggregrate exposure of NBFCs which are in the upper layer toward one entity at 20 per cent of capital base. The limit can only be extended by another 5% with board's approval. For a particular borrower group, the cap is at 25 per cent, with additional 10 per cent if exposure is towards infrastructure.
Ajit Agarkar defended the selection of the under-fire Hardik Pandya
Riteish Deshmukh makes this medical drama watchable! exclaims Namrata Thakker.
RBI Governor Raghuram Rajan asked banks to follow suit and pass on the rate cuts.
FDs are not advisable for long-term wealth creation as their post-inflation, post-tax returns are not very attractive.
Feature for feature, bank FDs are indeed better than debt funds today, mainly thanks to Ms Sitharaman, notes Debashis Basu.
Popular YouTuber Khalid Al Ameri has a few confessions to make and Abhishek Mande Bhot is most willing to lend an ear.
Borrowing from a fraudulent loan app subjects the borrower to a variety of risks.
Reserve Bank of India Governor Urjit Patel on Saturday exhorted banks to reduce their lending rates to push credit demand in laggard segments, saying banks have benefited from influx of low-cost deposits and its previous repo rate cuts.
Nitish Kumar wants to assure the BJP leadership that he will continue to be a part of the NDA. But he also wants to secure a larger number of seats for his party in the 2025 assembly elections in Bihar.
'This is not just the IREDA's IPO. It is the success of the ministry of new and renewable energy and of the renewable energy industry.'
'Remember, if an app breaks the rules while giving you money, it will also break them while collecting.'
'We may see little softness in liquidity position after the stabilisation of the government.'
The new rates, effective Wednesday, is the third reduction by SBI in this financial year having cut the rates by 5 bps each in April and May, while its home loan rates has come down by 20 bps during this period.
'Wearing my mom's 35-year-old ghar chola. Thanks mama for lending me this sari and blouse, love raiding your closet...'
