RBI has ordered Paytm Payments Bank to halt most of its business, including taking further deposits, due to money laundering concerns and questionable dealings....
In the financial world, every detail matters, even the extra day in a leap year. As 2024 embraces the phenomenon of an extra day in February, curious minds wonder how this leap year affects the calculation of fixed deposit interest rates. ...
For the Q3FY24 preview, the major focus will be on solid credit offtake led by favourable holiday sentiments, which may stimulate healthy credit growth across the banking sector. Asset quality is projected to remain good in Q3FY24E, and banks are expected ...
The Reserve Bank of India has increased the minimum capital requirement for small finance banks to Rs 200 crore and allowed Payments Banks to upgrade as SFBs....
Banks performed more or less in line with our expectations in Q2FY24, and there were no major surprising results for any of the banks in our coverage. As expected, the banks faced the brunt of a high-interest rate environment, and NIMs ...
The Reserve Bank of India (RBI) has issued a circular outlining fresh instructions pertaining to inoperative accounts to enhance customer awareness and streamline banking operations. The circular, effective from April 1, 2024, emphasizes the need for proactive measures by banks regarding ...
The Reserve Bank of India (RBI) has extended the deadline for the introduction of a new penal charges regime by three months to ensure a seamless transition for borrowers. Originally scheduled to take effect on January 1, 2024, the implementation will ...
In the dynamics of banking, where depositors weigh their options based on interest rates, customer service, and recommendations, small finance banks are emerging as lucrative choices for those seeking high returns on fixed deposits. Beyond the giant commercial institutions, smaller players ...
The first half of 2023 saw an outstanding performance from banks, with NIMs rising and return ratios above historical averages-with PSU banks taking the stage. The banks saw the worst effects of a high-interest rate scenario in Q2FY24, as was to ...
The Indian non-banking financial sector, characterized by a multitude of diverse entities, is experiencing significant transformation. The Reserve Bank of India (RBI) has classified Non-Banking Financial Companies (NBFCs) into four distinct layers, each defined by their size, activities, and associated risk ...
AICTE, NSDC, and Bajaj Finserv have come together to introduce a certificate program aimed at training young graduates in the banking, finance, and insurance sectors. The program will initially be offered in 10 districts of Odisha, with students receiving joint certification from Bajaj Finserv and Skill India....