The FinTech Hub
Source: Live Mint India’s household savings as a proportion of our GDP is declining. In its latest Financial Stability Report (June 2024), the Reserve Bank of India has also noted that while net financial savings have declined in 2022-23, financial liabilities have gone up thanks to retail loans for consumption and investment. Rise of personal…
Source: Live Mint In 2024, despite the momentum in financialisation, the Nifty Bank index has underperformed, rising only 7% compared to the Nifty 50’s impressive 15.6% gain. This gap signals investor hesitation, with key banking stocks hovering around critical levels in both the public and private sectors. However, many banks maintain solid fundamentals and have…
Source: Business Standard Reserve Bank of India (RBI) Governor Shaktikanta Das (Photo: PTI) 2 min read Last Updated : Oct 14 2024 | 1:57 PM IST Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday cautioned banks on increasing penetration of artificial intelligence (AI) in the financial services globally, saying that it also poses…
Source: Business Standard 4 min read Last Updated : Oct 14 2024 | 1:35 PM IST Shares of Aptus Value Housing Finance India (Aptus) hit a record high of Rs 401.65, as they rallied 11 per cent on the National Stock Exchange (NSE) in Monday’s intra-day trade amid heavy volumes on expectations that the…
Source: Business Standard Reserve Bank of India governor Shaktikanta Das (Photo: Shutterstock) 4 min read Last Updated : Oct 14 2024 | 11:26 AM IST With India being one of the few large economies where there is a 24×7 real-time gross settlement system (RTGS), the feasibility of expanding RTGS to settle transactions in major…
Source: Live Mint The Government of India has announced the buyback of its securities through auction for an aggregate amount of ₹25,000 crore (face value), announced Reserve Bank of India (RBI) on Friday. The G-securities with coupon rate of 7.72 percent will mature on May 25 next year. The securities with coupon rate of 5.22…
Source: Business Standard Last month, Reserve Bank Deputy Governor Swaminathan J had asked SFBs to be vigilant and ensure that risks are mitigated in time. (Source: File Photo) 2 min read Last Updated : Oct 11 2024 | 4:52 PM IST The profitability of small finance banks, measured in terms of return of assets…
Source: Business Standard 2 min read Last Updated : Oct 10 2024 | 7:42 PM IST By Malavika Kaur Makol and Ronojoy Mazumdar India’s $1.3 trillion bond market is facing a peculiar issue: investors can’t get enough of sovereign bonds as the government buys back debt and cuts borrowings, resulting in a supply…
Source: Business Standard India’s retail inflation in September likely overshot the Reserve Bank of India’s (RBI) 4 per cent medium-term target. 3 min read Last Updated : Oct 10 2024 | 9:18 AM IST India’s retail inflation in September likely overshot the Reserve Bank of India’s (RBI) 4 per cent medium-term target for the…
Source: Business Standard 5 min read Last Updated : Oct 09 2024 | 1:35 PM IST RBI meeting today: The Reserve Bank of India’s (RBI) today, October 9, in its policy decision kept the repo rate unchanged at 6.5 per cent but changed its stance to ‘Neutral’ from ‘Accommodative’ which is largely assumed as…
