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Articles for Banking & Finance

SBI To Issue And Encash Electoral Bonds Through 29 Branches

As per provisions of the scheme, electoral bonds may be purchased by a person who is a citizen of India or incorporated or established in India

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Dhanlaxmi Bank Sees 11.5% Growth In Total Business, 10.6% Rise In Deposits

During October-December, deposits surged to Rs 14,310 crore, marking a 10.6 per cent yearly increase, while advances grew by 11.9 per cent to Rs 10,347. CASA reached Rs 4,459 crore, up from Rs 4,219 crore

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97.38% Of Rs 2000 Banknotes Returned To RBI Since Withdrawal

The latest data reveals that the total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crore as of 19 May 2023, when the withdrawal was announced, has significantly declined

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Regulator Adopts Risk-based Capital Regime To Enhanced Risk Management: Dhiren Salian, ICICI Pru Life

In an interview with BW Businessworld, Dhiren Salian, Chief Financial Officer at ICICI Prudential Life Insurance, discusses new regulatory changes, the right coverage amount, technology in the financial sector, benefits, and more

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Whopping 71% Of Indians Aspire For ‘Tiny Loans’: Survey

46 per cent of those intending to take a loan have increased within the last two months, indicating dynamic financial planning

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Indian Overseas Bank Introduces Savings Account Portability Option

This online facility aims to streamline the process, eliminating the tedious manual paperwork and reducing the waiting period for account transfers

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FM Nirmala Sitharaman Chairs Meeting To Review Performance Of Public Sector Banks

The progress on the acquisition of accounts by the National Asset Reconstruction Company (NARCL) was also deliberated

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Small Savings Schemes' Rates Up By 20 bps In Q4FY24: Sukanya Samriddhi, PPF, Others

The Union finance ministry announced that while most scheme rates remained unchanged, slight adjustments were made to the Sukanya Samriddhi Scheme and the 3-year time deposit scheme, as per the notification

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