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Shriram Life Insurance faces margin pressure in rural business, says CEO

The life insurer’s 40 percent business comes from the rural market, said MD and CEO Casparus Kromhout. The insurer has been facing lower persistence among its customers in this region. To tackle this, Kromhout said that the insurer is looking at finding new solutions viz. introducing a quick disbursal and resolution mechanism among others.

PE, VC investments in payment, lending tech companies hit 2-year lows, shows RBI Innovation Hub report

The investment to these companies peaked in 2022 after which PEs and VCs have been shying away from investing more in these companies.

RBL Bank to continue co-branded credit card ties with Bajaj Finance

As of June 30, 2024, the bank had around 48 percent of its co-branded credit card book from Bajaj Finance. Going ahead, the bank will look at reducing the dependency on Bajaj Finance and focus on a branch led model with focus on its existing customers, said Bikram Yadav, Business Head, Credit Cards.

Can banks hit the jackpot as private capex heads for Goldilocks zone in FY25?

An article by RBI staff published in the August bulletin projects a significant pick-up in private investments in 2024-25 backed by rising demand and cleaner books of companies, banks. Will banks benefit from this growth?

Cheapest car loans: Banks that offer the best deals this festive season

This festive season, UCO Bank, Canara Bank and Bank of India offer best car loans at interest rates between 8.45 and 8.85 percent on loans of Rs 5 lakh with a five-year tenure.

Indian banking faces structural limitations in raising resources but there’s no threat to stability now

The real test, in terms of both funding and asset quality, will come when corporate investment revives or when infrastructure projects shift from government funding to banks

RBI’s new rules for P2P platforms: A net positive for lenders, borrowers, say experts

Tighter regulations may have put P2P lending platforms in a spot of bother, but the guidelines bring in better clarity and transparency.

Ask yourself these 5 questions to keep scammers at bay

Vigilance is key to avoiding fraud. Given that most payment scams follow similar patterns, it's possible to stay safe and not fall prey to such hustles.

IndusInd Bank gets RBI nod for undertaking mutual funds business via new subsidiary

In a regulatory filing, the lender said that a wholly owned subsidiary will undertake asset management business of Mutual Fund along with infusing equity capital in the said asset management subsidiary.

RBI Bulletin | Non-resident deposit doubles in Q1FY25 YoY

The inflows were higher in all three accounts such as Non-Resident (External) Rupee Accounts [NR(E)RA], Non-Resident Ordinary (NRO) and Foreign Currency Non-Resident [FCNR(B)] accounts.

RBI sold net $2.11 billion in spot market in June

In May, the central bank had bought a net of $4.222 billion in the spot market.

RBI Bulletin | Lagging deposit growth push banks to raise huge funds from CDs

CP issuances also increased to Rs 4.86 lakh crore during 2024-25 (up to July 31), surpassing Rs 4.72 lakh crore in the corresponding period of the previous year, driven by NBFCs’ higher borrowings in the CP market.

FM urges PSBs to carry out special drives to garner deposits; focus on efficient customer service

In the past few months, banks have been facing the highest deposit crunch with household savings going to other markets.

RBI Bulletin | Prices of cereals, pulses, edible oil moderates in August, shows high frequency food price data

Despite the moderation in headline inflation and overall food inflation, year-on-year inflation in cereal prices remains high at 8.1 per cent in July.

News Analysis | India may rightly be going the China way on P2P lending

In 2018, when the Chinese regulator clamped down on the P2P model, many businesses shut shop in a matter of months. Industry observers say norms introduced by the RBI recently may result in a similar situation in India.

Bank of India makes a pitch for Karnataka government deposits

The Karnataka government on August 12 ordered all departments to close their accounts in SBI and PNB but four days later, it decided to keep the circular in abeyance for 15 days on the request of the two lenders

Muthoot Microfin plans to raise around Rs 9,000 crore through different borrowing channels in FY25: CEO

In addition to the borrowing targets, Sadaf Sayeed said that the company will look at growing slowly in Bihar due to issues pertaining to stress on the portfolio and will focus on Telangana and Andhra Pradesh and other south-Indian states.

CP, CD yields ease 25-30 bps in a month as banking system sees surplus liquidity

The liquidity in the banking system, which was in the deficit mode for the so long has started getting in to surplus mode since June 27 due to government spending.

Banking Central | Are banks going overboard in lending to commercial real estate?

Commercial real estate loans are attractive bets for banks but can turn risky in a downturn when vacancies soar

Muthoot Finance to add 400 branches this fiscal, says Alexander George Muthoot

The gold loan lender reported higher expected credit loss (ECL) provisioning in the quarter which affected the asset quality.

Indian P2P players should learn from Chinese debacle, RBI has just pressed a warning button

Typically, the banking regulator issues mild warnings to the industry before actual clampdown. P2P lenders need to read the signals now

This Raksha Bandhan, give more than cash: Gift your sister financial wisdom and investments

Gift your sister a term deposit, a SIP in mutual funds, enrol her for a financial planning workshop or book an appointment with a financial adviser to make a personalised investment plan.

FM Sitharaman likely to review PSB, RRB performance; focus on deposits, asset quality: Report

The meeting is also expected to cover the potential rollout of the Viksit Bharat card, aimed at enhancing digital payment systems. Additionally, an update on the accounts being transferred to the National Asset Reconstruction Company Limited (NARCL), commonly referred to as the 'bad bank,' will be provided

RBI tightens rules for NBFC-P2P lending platforms

The banking regulator said the platforms shall not assume any credit risk, provide credit enhancement or guarantee, shall not cross sell any product except for loan specific insurance products

Former Axis Bank executive Sumit Bali joins Yes Bank as Head of Retail Assets

Bali had on June 13 this year had stepped down from his position of group executive of retail lending at Axis Bank after a stint of four years.

Microfinance regulatory bodies lay out guidelines to lower interest rates

The MFI sector has been facing issues concerning charging high interest rates in some pockets. The regulator recently highlighted this. The self-regulatory organisations for the sector bring in norms like a cut in lending rates, extra layer of underwriting, etc. Will this hurt the sector?

Chart of the Day: Factors that could tighten liquidity in coming weeks

Government spending has been a harder variable to predict

Last mile of disinflation is an unfinished job for near expiry MPC

While the MPC has managed to bring inflation within the 6% upper band, comfortably landing at the 4% medium-target remains a work in progress

Should young earners repay loans first before they start investing?

If you have no savings yet but have some surplus income, start by gradually building up an emergency fund.

CD ratio of Indian banks was over 100% in 6 states and union territories in FY24

In the financial year 2023-24, bank credit rose 19.12 percent in the FY24 to Rs 169.14 lakh crore, as compared to Rs 142 lakh crore in the year ago period. On the other hand, deposit grew 13.4 percent on-year to Rs 212.54 lakh crore by the end of FY24.

Applying for a personal loan from a fintech lender? Here are five parameters to consider

Borrowers are applying for small-ticket personal loans to meet immediate financial needs, such as medical expenses, debt consolidation, home renovations, holidays, education costs, and the like. Before applying for a loan, it is important to evaluate the key fact statement and other parameters.

Financial Freedom: 7 easy steps to build a secure future

This Independence Day, we urge everyone to take concrete steps towards achieving financial freedom systematically by setting life goals, analysing cash flows, investing wisely and more.

Citigroup’s global head of markets digital assets Maini leaves

Maini spent more than 14 years at Citigroup, according to a profile on Linkedin, and most recently led the digital assets team under the markets division.

For banks, cheaper deposits are not easy to come by

Declining CASA ratios are adding to the cost of funds for many banks, thereby forcing them to up lending rates as well to manage margins. The problem may persist going ahead as interest rate differentials persist

Sumitomo Mitsui CEO weighs picking up 51% in Yes Bank for $5 billion: Report

This potential acquisition could mirror a precedent set in 2018 when the RBI allowed Canada's Fairfax Holdings Ltd to acquire a 51% stake in Kerala-based Catholic Syrian Bank, marking the first time a foreign investor gained majority ownership in an Indian bank.

Decoded: What RBI’s new credit information updates mean for borrowers and lenders

India Needs 8 Growth To Progress Current Slowdown Just A Blip Sbi Chairman Article 12963783.html/O