Mutual Fund or Bank deposit ?
[ad_1] Public sector banks are fast adapting to digital means as they have cleared digital lending of Rs 83,091 crore in the financial year ending March 2022. As part of EASE 4.0 reforms, state-owned banks were asked to focus on digital lending, co-lending with non-banking firms, agriculture financing, and technological
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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] The Financial Services Institution Bureau (FSIB) has selected 14 candidates for the executive director (ED) post at the public sector banks, according to a notification issued by the bureau. The bureau interviewed 57 candidates, which included chief general managers and general managers of the PSU banks, between August 19
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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] State-run banks are proposing to create a central talent pool and finalise a three-year business strategy for individual banks, aiming to improve their performance and competitiveness. This talent pool will have senior-level domain experts from all public sector banks (PSBs) and will look to build peer-to-peer collaboration by sharing technology,
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[ad_1] Banks are rushing to raise funds in the short-term money market to meet increasing credit demand, which has lately outpaced deposit mobilisation amid a pronounced shrinkage in surplus liquidity. Lenders are issuing certificates of deposit (CD), a money market instrument of which mutual funds are emerging as primary buyers. Recent
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[ad_1] The Finance Ministry has asked public sector banks to explore fintech partnerships and co-lending opportunities to expand their business. In the recently concluded performance review of PSBs by the Finance Ministry, sources said, lenders were asked to focus on technology and data analytics to push their lending. The ministry
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[ad_1] The Delhi Commission For Women has issued a notice to the seeking withdrawal of its new recruitment guidelines which prevents a woman, who is three or more months pregnant, from joining service. An immediate reaction regarding the move, which has invited criticism from various quarters, was not available
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[ad_1] The Central Vigilance Commission (CVC) constituted panel -- Advisory Board for Banking and Financial Frauds (ABBFF) -- has given its advice after thorough examination of role of all levels of officials on 84 bank fraud cases involving amount of over Rs 3 crore in the last three years. Headed
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[ad_1] After , another public sector lender Indian Bank has made pregnant women with over three months pregnancy "temporarily unfit" to join the bank, inviting criticism from various organisations. As per the guidelines and criteria for physical fitness for pre-employment recently issued by Indian Bank, candidates would be re-examined six weeks
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