Banking & Finance

Private sector lender Kotak Mahindra Bank on Friday said it has acquired agriculture and healthcare equipment financing portfolio of the Indian subsidiary of global asset finance company De Lage Landen International BV (DLL). With this,…

Finance Minister Nirmala Sitharaman is going to hold a review meeting with the heads of public sector lenders later on Thursday to discuss various issues and to review the progress of various government schemes related to agriculture and…

The Deposit Insurance and Credit Guarantee Corporation (DICGC) will pay the eligible depositors of Shankarrao Pujari Nutan Sahakari Bank, Ichalkaranji, and Harihareshwar Sahakari Bank, Wai next month. DICGC, a wholly-owned subsidiary of…

The Financial Services Institutions Bureau (FSIB), which will replace the Banks Board Bureau (BBB), will be much more than a mere headhunter to fill in key posts at state-run banks, insurers and other financial institutions (FIs).…

India has made significant progress and moved to a leadership position in large-value digital payment systems, though it is still weak in certain parameters relating to ATMs and card payments, a RBI report said on Friday. India was…

Loans taken against gold jewellery witnessed a decline in May, indicating an improvement in the overall economy. Personal loans taken by keeping gold as collateral declined 2.9% in May   even as all other categories of personal loan…

As large technology companies, often termed as ‘BigTech’, scale up and turn into “too-critical to fail” institutions, regulators must be mindful of their interlinkages with the financial system, the Reserve Bank of India (RBI) said in…

Credit growth to industry accelerated to 8.7 per cent in May 2022, while for agriculture and allied activities, the off-take increased by 11.8 per cent, according to RBI data released on Thursday. Data on sectoral deployment of bank…

The acquisition of Citi India’s consumer businesses is on track and Axis Bank has no concerns around attrition of card customers or the asset quality of the card portfolio, a senior bank executive said on Wednesday. Sanjeev Moghe,…

The growth in Scheduled Commercial Banks (SCBs) deposits moderated to 10 per cent year-on-year in March 2022, compared to an increase of 11.9 per cent a year ago, RBI data showed. During 2021-2022, current, savings and term deposits rose…