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Axis Bank to tap into rural, semi-urban markets to expand credit card business
Tue, Sep 27, 2022     Source : Economic Times
There has been a consistent rise in income in India's semi-urban and rural markets and this provides a great opportunity to the banking industry to augment the size of the country's credit card market.
NEWS
High NPAs in education loan segment turn banks cautious
Mon, Sep 26, 2022     Source : Economic Times
High defaults of about 8 per cent in the education loan portfolio have made banks cautious and go slow on the sanction of such credit.
NEWS
After Fed, RBI could raise rates by 50 basis points to tame inflation
Fri, Sep 23, 2022     Source : Mint
The global economy has been rattled by scorching inflation and geo-political tensions, forcing more central banks to join the US Federal Reserve in raising interest rates.
NEWS
Liquidity in India's banking system likely to remain in deficit in second half of FY23
Thu, Sep 22, 2022     Source : Mint
India's banking system liquidity is expected to remain in deficit in the second half of 2022-23 as credit growth has picked up and the volume of banknotes in circulation has increased, believe analysts.
NEWS
India spending forex reserves at quicker pace than during taper tantrum
Tue, Sep 20, 2022     Source : Economic Times
India's central bank is using up its foreign exchange reserves at a quicker pace than during the taper-tantrum period in 2013 as it tries to prevent an overshoot in the rupee, but a larger pool of reserves...
NEWS
RBI policy: MPC may raise repo rate 35-50 bps, shows Business Standard poll
Mon, Sep 19, 2022     Source : Business Standard
Many expect the RBI to lower the GDP?growth estimate to 7%
NEWS
Demand to expand in festival season: RBI
Sat, Sep 17, 2022     Source : Financial Express
In the chapter on the state of the economy, the article says the economy is ‘poised to shrug off’ the weakening of momentum in April-June when gross domestic product growth surged to 13.5%, although due to...
NEWS
Growth on strong footing, further tightening needed: RBI report
Sat, Sep 17, 2022     Source : Business Standard
On the exchange rate, the report said the rupee was holding its poise, with adequate supplies of dollars
NEWS
SBI says it's not a nodal bank for Russia-related transactions
Fri, Sep 16, 2022     Source : Economic Times
State Bank of India (SBI), India's largest lender, on Thursday clarified that it has not been identified as a nodal bank for handling Russia-related transactions.
NEWS
To break the inflation fever, both US Fed and RBI have more work to do
Thu, Sep 15, 2022     Source : Mint
Be it India or the US, retail inflation has remained red hot, dashing hopes of a slowdown in the pace of interest rate hikes by central banks.
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