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] managing director Atul Kumar Goel is very optimistic about the banking sector credit growth on the back of improved consumption demand and higher government spending in the capital-intensive sectors. He said was capital ready to lap up the growth opportunities and has set a target of growing
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[ad_1] managing director Atul Kumar Goel is gung-ho about the banking sector credit growth on the back of improved consumption demand and higher government spending in the capital intensive sectors. He aims to grow ’s lending portfolio by 10-12% this fiscal despite hardening of interest rates. In an exclusive
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[ad_1] has failed to attract any firm bids at the auction of its Rs 2,077-crore debt exposure to thermal power company KSK Mahanadi Power, despite lowering its reserve price, said two people aware of the development. On August 17, Union Bank issued a tender inviting bids for the power company’s
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[ad_1] has raised the marginal cost of funds-based lending rate (MCLR) by 0.05 per cent across tenors from September 1, making most of the consumer loans costlier. The benchmark one-year tenor MCLR, which is used to price most consumer loans such as car, auto and personal, will be at
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[ad_1] State-owned () has put up for sale its NPA account Apollo Distilleries & Breweries with loan outstanding of nearly Rs 44 crore due against the company. Inviting asset reconstruction companies (ARCs) to put their bids for transferring the loan account of Apollo Distilleries & Breweries, the city-based lender
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[ad_1] State-owned () has decided to give its top management an annual allowance of Rs 2 lakh to buy mobile handsets. As per the revised Staff Welfare Benefits norms, top management of the bank -- Managing Director (MD) and executive directors -- would be entitled for Rs 2 lakh
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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] Indian banks have increased their fundraising activity through the issuance of certificates of deposits, as funding in the banking system continues to contract, analysts said. "Banks are not raising deposit rates, as they are able to get funds easily from money market by issuing CDs, and that too cheaply,
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