"Embedded finance provides tremendous opportunities for innovation and expansion, but these ventures must be supported by banks, insurance companies, or brokerage firms," he says
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Retailers prefer to go the digital way, with UPI being their first choice due to the ease of transaction for a customer, and the speed of receiving payment for the retailer
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The case, initially investigated by the Central Bureau of Investigation (CBI), involves loans acquired from 24 different banks
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Its operating expenses surged 12.97 per cent to Rs 3,639.93 crore in the reviewed quarter, against Rs 3,221.85 crore in the corresponding period the previous year
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Net interest margins (NIM) for the reviewed quarter was 2.98 per cent, expanding by 13 bps from 2.75 per cent in the March quarter but down by 23 bps from 3.21 per cent in the third quarte
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Persistent inflationary pressures, volatility in global financial conditions, and a slowdown in major advanced trading partners continue to weigh on its growth, foreign currency reserves, and its currency Taka
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The latest hike was the same size as its previous rate increase in the March meeting and marked the tenth straight rate hike
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Currently, the recovery rate from written-off accounts is less than 15 per cent and public sector banks (PSBs) can recover only 14 per cent from the last five years, Rs 7.34 lakh crore as on March 2022
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The Public sector bank's net profit was Rs 310 crore in January-March 2021-22
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According to the official statement issued by the bank, the bonds were issued under SBI’s MTN Programme and will be listed on Singapore SGX and the India INX, Gift City
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