This growth indicates a decline in non-banking finance firms' reliance on international borrowing, resulting in a noteworthy boost in the share of NBFCs in the overall credit landscape
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The new fund will provide investors with a convenient, cost-effective route to benefit from the vast opportunities in this sector over the long term. It will open on 18 August, and close on 28 August
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These strategic moves to adjust interest rates for fixed deposit products valued at less than Rs 2 crore come in the wake of the RBI recent decision to maintain the repo rate at a consistent 6.5 per cent
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Multiple banks have recently raised their Fixed Deposit interest rates for both senior citizens and general customers during this month
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This translates to a dollar equivalent of USD 12,400 in FY47, a substantial increase from around USD 2,500 in FY23
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This initiative is being spearheaded by the Reserve Bank Innovation Hub (RBIH), a fully-owned subsidiary of RBI
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The Joint President – Alternate Channel at Kotak Mahindra Life Insurance, Piyush Trivedi, shares insights on transforming customer engagement
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During this period, the bank observed a growth of 14.64 per cent in deposits, resulting in a total of Rs 7,064 crore
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