Digital payment plaints highest in RBI’s integrated ombudsman scheme The Integrated Ombudsman scheme of the Reserve Bank of India and Consumer Education Protection Cell (CEPC) received 418,184 complaints in 2021-22, which is 9.4% higher than the previous year. Complaints relating to digital modes of payment and transactions were the highest, constituting 42.12% during the year. The rate of disposal ...

Private banks to report healthy earnings in Q3, aided by robust credit growth Private sector banks are expected to report healthy growth in earnings during the October–December quarter of FY23. This would be aided by robust credit growth, margin expansion, benign credit costs, and lower provisioning burden. However, operational costs may remain high due to ...

Turnaround of PSBs: From Rs 85K-cr loss in 2017 to nearing Rs 1-trn profit Public sector Banks have travelled a long distance since 2017 when they posted a net loss of Rs 85,390 crore to a profit of Rs 66,539 crore in FY22 and are estimated to touch a milestone of Rs 1 lakh crore by the ...

Debunking common myths about health insurance in India [ad_1] India is set to overtake China as the most populous country by 2023, as per the UN’s World Population Prospects 2022 report. But despite rising population numbers and the importance of health of the population in fuelling the growth of a nation, India is among the countries with lowest health insurance ...

NARCL emerges as the top bidder for SREI twins with an NPV of Rs 5,555 cr National Asset Reconstruction Company Ltd (NARCL), or the government-backed bad bank to take over stressed assets of lenders, has emerged as the leading bidder in the auction for Srei Infrastructure Finance and Srei Equipment Finance. NARCL’s bid was the highest with ...

Senior citizens: Govt hikes Senior Citizen Savings Scheme, NSC, Post Office Time Deposit interest rates – Interest rate hike [ad_1] The Post Office Time Deposit Account is one of India Post’s most well-known savings plans (POTD). For Post Office Time Deposit deposits, there are four different tenure options: one, two, three, and five years. There is no maximum investment amount ...

Odisha-based Annapurna Finance applies for universal bank license Bhubaneswar-based Annapurna Finance Private Limited (AFPL) has applied to the Reserve Bank of India for a universal bank licence during the quarter ended on December 31, the regulator said in a statement on Wednesday. Established in 2009, the micro-finance institution has been promoted by People’s Forum (PF), ...

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Bajaj Finance loan booking up 5.5% in Q3FY23, hits lifetime high of 7.8 mn Consumer financier Bajaj Finance on Wednesday said that new loans booked by it in October–December quarter of FY23 were the highest ever at 7.8 million, up 5.4 per cent from the year-ago period. The company has also recorded its highest ever ...

How to activate contactless payments on SBI debit card [ad_1] How to activate contactless payments on SBI debit card [ad_2]