The FinTech Hub
Source: Live Mint Mumbai (Maharashtra) [India], October 6 (ANI): After starting the current month on a tragic note, investors in the stock market will be closely monitoring the global geopolitical situations, outcomes of RBI’s Monetary Policy Committee (MPC), and second quarter results of the companies, as per the market experts. The market watchers say that…
Source: Business Standard 2 min read Last Updated : Oct 04 2024 | 7:56 PM IST Private sector banks offloaded loans worth Rs 21,000 crore through securitisation deals in the second quarter ended September 2024 (Q2 FY25) to generate funds amid intense competition for deposits. This will also help to improve the credit-deposit (C/D)…
Source: Business Standard Yes Bank’s overall deposit growth rate of 18.3 per cent Y-o-Y was higher than the 11.6 per cent Y-o-Y growth 2 min read Last Updated : Oct 03 2024 | 1:39 PM IST Private sector lender Yes Bank increased the share of low-cost money—current account and savings account (CASA)—in total deposits…
Source: Business Standard It is widely anticipated that the MPC will keep interest rate unchanged despite change in composition of external members. | Photo: Shutterstock 2 min read Last Updated : Oct 02 2024 | 11:15 PM IST Newly reconstituted Monetary Policy Committee of the Reserve Bank of India with three new appointed external…
Source: Business Standard 4 min read Last Updated : Sep 30 2024 | 8:33 PM IST The Reserve Bank of India (RBI) on Monday directed banks and non-banking finance companies (NBFCs) offering gold loans to thoroughly review their policies, processes, and practices to identify any gaps, while closely monitoring their gold loan portfolios amid…
Source: Business Standard Reserve Bank of India (RBI) is expected to cut interest rates by a modest 50 bps over the next six months. (Photo: Shutterstock) 3 min read Last Updated : Sep 27 2024 | 8:49 AM IST The Reserve Bank of India (RBI) is expected to cut interest rates by a modest…
Source: Business Standard 2 min read Last Updated : Sep 27 2024 | 5:46 PM IST India’s foreign exchange reserves continued to rise for a sixth straight week to a record high of $692.3 billion as of Sept. 20, data from the central bank showed on Friday. The reserves rose by $2.84 billion…
Source: Business Standard 1 min read Last Updated : Sep 27 2024 | 7:43 PM IST The Reserve Bank of India’s Deputy Governor Swaminathan J on Friday instructed the directors of small finance banks (SFBs) to be vigilant and proactive in identifying emerging risks in the sector. Speaking at a conference for directors…
Source: Business Standard India’s central bank watchers are getting anxious about who will decide interest rates. Image: Bloomberg 5 min read Last Updated : Sep 27 2024 | 10:15 AM IST By Anup Roy India’s central bank watchers are getting anxious about who will decide interest rates in two week’s time, a crucial meeting as…
Source: Business Standard Shaktikanta Das, RBI Governor | (Photo: Shutterstock) 3 min read Last Updated : Sep 24 2024 | 10:46 PM IST Strengthening core fundamentals is the best defence against global uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday amid heightened tension in West Asia. Das said that…
