The FinTech Hub
Source: Business Standard Illustration: Ajay Mohanty 4 min read Last Updated : Sep 21 2024 | 8:35 PM IST The Union Finance Ministry has advised the Debt Recovery Tribunals (DRTs) and banks to engage with borrowers outside the tribunals to reduce the pendency of cases, according to a senior finance ministry official speaking to…
Source: Business Standard 2 min read Last Updated : Sep 19 2024 | 8:05 PM IST Jana Small Finance Bank on Thursday announced a new deposit scheme offering 6.75 per cent for tenures ranging from seven to 180 days. The rate is applicable for the minimum deposit amount of Rs 10 lakh for retail…
Source: Business Standard 3 min read Last Updated : Sep 16 2024 | 5:37 PM IST The Account Aggregator (AA) framework has facilitated loans amounting to Rs 42,300 crore since its launch three years back, said Sahamati, the industry alliance for the ecosystem. During the same period till March 2024, about 4.22 million…
Source: Business Standard Photo Credit: Ruby Sharma 1 min read Last Updated : Sep 13 2024 | 10:34 PM IST State-run Indian Bank has raised Rs 5,000 crore through the issuance of long-term infrastructure bonds. The bank received a total of 88 bids amounting to Rs 13,680 crore against the total issue size…
Source: Business Standard 4 min read Last Updated : Sep 10 2024 | 7:11 PM IST The Reserve Bank of India (RBI) has been repeatedly raising alarm about the widening gap between non-food credit growth and deposit growth in the banking sector, which raised the credit-deposit (CD) ratio to 78.1 per cent (80.3 per…
Source: Business Standard 2 min read Last Updated : Sep 06 2024 | 8:43 PM IST Eying benefits from digital banking, banks are now looking at building Unified Recovery Interface (UPI) for enhancing efficiency, reducing costs and getting good prices for properties of defaulters. This would be managed by PSB Alliance Ltd, a company…
