Mutual Fund or Bank deposit ?
[ad_1] Country's biggest lender SBI has moved the National Company Law Tribunal (NCLT) against Jaiprakash Associates Ltd for initiation of insolvency proceedings against the debt-ridden company. State Bank of India (SBI) in its plea filed before the Allahabad bench of NCLT has claimed a total default of Rs 6,893.15 crore
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[ad_1] There has been a consistent rise in income in India's semi-urban and rural markets and this provides a great opportunity to the banking industry to augment the size of the country's credit card market. Keeping a close eye on these developments, Axis Bank is aiming to capture a greater
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[ad_1] Private lender ICICI Bank on Thursday announced the launch of ‘Festive Bonanza’, a wide variety of offers for all its customers at the onset of the festive season. The customers can enjoy the benefit of discounts and cashbacks upto Rs. 25,000 which can be availed using the Bank’s credit cards,
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[ad_1] After setting it up and running it for six years since inception, Sujoy Bose, the managing director and chief executive officer of the National Investment and Infrastructure Fund (NIIF), has decided to move on, said multiple people aware of the development. His departure, however, comes at a time when
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[ad_1] At least five local banks including and are in talks with Singapore’s DBS Bank to begin a real-time remittance system with the city-state using the ubiquitous Unified Payments Interface (UPI) as the backbone, said people familiar with the matter. This will become a common remittance platform in collaboration
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[ad_1] India’s largest mortgage lender, Ltd, is aiming to raise up to Rs 10,000 crore by selling bonds to local investors, as higher residential sales is boosting demand for home loans. The home financier is in advanced talks with investors including and , said people familiar with the matter. The
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[ad_1] The recent increase in the demand for credit has pushed banks to actively solicit funds from CDs, bonds, and fixed deposits (FD). The surplus liquidity in the financial sector fell precipitously from its record level, necessitating aggressive capital raising. It has been estimated that banks have raised roughly Rs 42,000
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[ad_1] Two major banks -- and -- raised their lending rates after the RBI increased the benchmark interest rate by 0.50 per cent on Friday. The Reserve Bank of India (RBI) increased the key policy repo rate -- at which it lends short-term money to banks -- by
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[ad_1] Private sector banks have seen high slippages in their retail portfolio as per their fiscal first-quarter results, as loans restructured during the Covid period continued to slip into the bad loan category. Top banks including , and have reported higher slippages in retail books, contributed by micro
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