Economic

BoB to launch 7 phygital branches as a pilot project

These branches integrate self-service and assisted service models

SBI plans to increase headcount by 10,000 this fiscal

We are strengthening our workforce, both on the technology side as well as on th...

UPI transaction value surges to ₹1,669 lakh crore in fi...

The value of UPI transactions has grown from ₹1 lakh crore to ₹200 lakh crore at...

Shriram Life to focus on lower-sum policy sales & marke...

The company, a joint venture between Shriram Capital Ltd — the holding company o...

Government securities yield curve set for bull-steepeni...

Bull steepening occurs when short-term interest rates decline faster than long-t...

RBI asks banks to ringfence core business

Banks have to ensure that there is no overlap in lending activities undertaken b...

RBI lifts restriction on gold loan business of IIFL Fin...

The regulator in March barred the NBFC from offering gold loan due to serious vi...

Ind-Ra reports rising delinquency levels among traditio...

Growth in AUM has slowed down in the UBL space because of the caution exercised ...

Federal Reserve lowers rates to 4.75%-5%, signals furth...

The Fed stated that inflation is nearing its 2% target but noted ongoing concern...

Lenders to recover about 19% of principal outstanding e...

Over and above this, a portion of the bad debt that has been converted into equi...

Ram Singh, Saugata Bhattacharya, Nagesh Kumar appointed...

The new members are expected to attend the MPC meeting scheduled to be held next...

Lenders used Account Aggregator Framework to facilitate...

The growth in facilitating loans is indicated by the number of loans disbursed a...

Cred’s FY24 revenue surges 66% to ₹2,473 cr, operationa...

Platform increases its monetised user base by 58 per cent, slashes marketing exp...

Banks need to adapt to changing customer preferences to...

He highlighted the crucial role of agriculture in driving economic growth at an ...

MFIs may grapple with muted growth, higher stress in FY25

The MFI SRO will meet RBI officials on September 23 to discuss sector updates an...

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