The infusion of technology will help IEPF meet its target of clearing refund claims within 60 days of receiving a verification report on the investor’s claim and the relevant documents from the company concerned
3 min read11 Nov 2024In September, the weighted average domestic term deposit rate for public sector banks (PSBs) touched 7%, the first time since March 2017
4 min read6 Nov 2024The sharp decline in bank deposits signals shifts in customer behaviour, driven by changing saving habits and alternative investments. Reversing this trend will require banks to innovate deposit products and enhance customer engagement.
3 min read26 Sep 2024As banks face an asset-liability mismatch, data reveal a concerning trend: individuals are shifting their savings to riskier investments. With RBI’s monetary policy influencing this shift, what does it mean for the future of banking in India?
16 min read25 Sep 2024Lenders are not just competing with one other but also equities, mutual funds and insurance products that have been drawing household savings.
5 min read24 Sep 2024SBI’s Casa ratio stood at 40.7% as on 30 June, down from 42.9% from the same period last year. Its loan book expanded by a robust 15.4% year-on-year, outpacing deposit growth of 8.2% in the June quarter.
2 min read18 Sep 2024Experts said that regulatory actions for higher outflow rates on retail deposits, higher risk weights for certain loan segments will continue to drive slower growth for the rest of the period in this financial year.
3 min read16 Sep 2024The smaller economy is emulating its larger rival’s post-2001 tight money policy. But illiquid banks are a hurdle to credit-fueled growth.
5 min read3 Sep 2024But Setty does not rule out tweaking in rates for one- to two-year deposit buckets
3 min read30 Aug 2024State Bank of India is now also focussing on granular, small-ticket deposits to aid deposit growth.
2 min read28 Aug 2024The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
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