Rate hikes, base effect may temper credit growth in medium term: Analysts Even as an economic upturn may keep the demand for loans robust in the next few quarters, multiple interest-rate hikes and the base effect may moderate credit growth year-on-year in the medium term. Soumya Kanti Ghosh, group chief economic advisor of SBI, said the analysis indicates that ...

Bank of Maharashtra raises Rs 348 cr from bonds to fund business growth State-owned Bank of Maharashtra (BoM) on Wednesday said it has raised Rs 348 crore from bonds to fund business growth. The lender raised the funds through private placement of Basel-III compliant tier II bonds, BoM said in a regulatory filing. The paper of ...

Despite smaller rate hike, bond market sees no let-up in RBI tightening Reserve Bank of India (RBI) Deputy Governor Michael Patra on Wednesday said the central bank moderating the size of rate hikes was a fundamental guidance given to the markets. The RBI’s Monetary Policy Committee (MPC) announced a 35-basis point increase in the repo rate to 6.25 per cent ...

repo rate hike: RBI repo rate hike: Pay up to 23% higher EMI on your home loan than in April [ad_1] The Reserve Bank of India (RBI) in its monetary policy meeting held on December 7, 2022 has yet again hiked the repo rate by 0.35%. This is the fifth consecutive repo rate hike since May of this year. As ...

FinMin allows PSUs to invest in debt schemes of all mutual funds The finance ministry — in an office memorandum on Wednesday —allowed public sector undertakings (PSUs) to invest in debt schemes of all mutual funds. Earlier, provisions limited central public sector enterprises (CPSEs) to investment in public sector mutual funds only, in which the government held ...

hdfc loan interest rates: HDFC Bank hikes loan interest rates by up to 10 bps: Check latest loan rates [ad_1] Private sector lender HDFC Bank has hiked its marginal cost of funds-based lending rate (MCLR). The new loan interest rates are effective from December 7, 2022. According to the HDFC Bank website, effective from December 7, 2022, the overnight MCLR ...

FSIB invites applications from candidates for Bank of Baroda’s CEO post The Financial Services Institutions Bureau on Wednesday invited applications from eligible candidates for the post of Managing Director & Chief Executive Officer (MD & CEO) of Bank of Baroda (BoB). Last month the headhunter for directors of state-owned banks and financial institutions had invited applications for ...

rbi upi payments: RBI makes UPI payments easier for investments, online shopping, hotel bookings [ad_1] The Reserve Bank of India (RBI) has announced that it will enhance the mandate for UPI payments. According to the announcement made by the RBI governor on December 7, 2022, once the UPI customer has given consent to block the money in their bank account, ...

Mix of PSBs aided in boosting customer services, creating strong banks: MoS The amalgamation of public sector banks has helped in improving customer services and creating strong banks, Minister of State for Commerce and Industry Som Parkash said on Wednesday. In a written reply to a question in the Lok Sabha, the minister said the objective of ...

bharat bill payment system: How to make payment using Bharat Bill Payments System [ad_1] Recurring payments that can be done Consumer can do all recurring payments like electricity, telecom, DTH, Gas, water bills, Insurance, Loan repayments, Education fees, FasTag Recharge, Municipal taxes, Housing society, Subscription fees etc. at one single window through any of the Bharat BillPay enabled channels. [ad_2]