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Articles for Banking & Finance

Paytm To Expand Partnerships For Banking, Financial Services Distribution

The company has been informed that this does not impact user deposits in their savings accounts, Wallets, FASTags, and NCMC accounts, where they can continue to use the existing balances

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US Fed Leaves Policy Rate Unchanged For Fourth Straight Time

The US monetary policy committee in its statement said that the recent indicators suggested that economic activity has been expanding at a solid pace

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Fiscal Deficit Narrows 55% For April-December At Rs 9.82 Lakh Cr

India's fiscal deficit in the first nine months of this fiscal year, was at 9.82 lakh crore rupees, equivalent to 55% of annual estimates

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Nabard Estimates Priority Sector Lending Target Of Rs 3.97 Lakh Cr For Karnataka In FY25

Of the total, the share of the agriculture sector including agri-infrastructure and ancillary activities is Rs1.85 lakh crore, the MSME sector is Rs1.58 lakh crore and other priority sector activities is Rs.0.54 lakh crore

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UCB Are Also Systemically Important: RBI Dy Guv Swaminathan

UCBs play a critical role in the financial system, serving various sectors of society

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Primary Dealers To Get Additional Amount Under Liquidity Facility: RBI

At present, the repo rate - the rate at which the RBI lends funds to banks is at 6.50 per cent

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BoB Profit Jumps 18% YoY, NII Rises 57% 9M FY24

The capital risk adequacy ratio (CRAR) of the bank stands at 14.72 per cent in Q3 FY24

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RBI Directs Paytm Payments Bank Not To Onboard New Customers After 29 February

On March 11, 2022, the Reserve Bank of India, under Section 35A, directs Paytm Payments Bank (PPBL) to immediately halt onboarding new customers

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