Several priority sector areas not profitable for lending: Axis Bank MD Several sectors which banks are mandated to participate in do not turn out to be profitable, Axis Bank’s managing director and chief executive officer Amitabh Chaudhry said, adding that the private lender spends Rs 900 crore every buying priority sector lending certificates to meet its targets. ...

Union Bank of India, PNB, Indian Bank launch Rupay credit card on UPI [ad_1] Union Bank of India, Punjab National Bank (PNB) and Indian Bank have introduced credit card payments using UPI. This was announced on September 20, 2022 at a Global Fintech Fest in Mumbai by the RBI governor Shaktikanta Das. Union Bank of India As per the Union ...

Indian banks may see bad loans falling to decade low of 4% by end of FY24 Indian banks are likely to see a 90 basis points fall in gross non-performing assets (NPAs) to 5% in this fiscal year to March and further improve to 4% by end of March 2024, rating agency Crisil said on Wednesday. The ...

UPI Lite allows you to pay without PIN; Know how to use, transaction limit, other features [ad_1] To make low-value Unified Payments Interface (UPI) payments faster and simpler, the Reserve Bank of India (RBI) Governor Shaktikanta Das launched UPI Lite on September 20, 2022. UPI Lite is an on-device wallet feature that will allow users to make real-time small-value payments ...

Facts about travel now, pay later schemes [ad_1] [ad_2]

Travel now, pay later vs credit card vs personal loan: Which to opt for? [ad_1] What is travel now, pay later? TNPL is the travel version of ‘buy now, pay later’ scheme, wherein you purchase merchandise and pay for it through EMIs. It is essentially a loan or credit you are taking while booking or taking a trip and staggering ...

Rupee depreciates 8 paise to 79.82 against US dollar in early trade The rupee depreciated by 8 paise to 79.82 against the US dollar in opening trade on Wednesday as investors await the US Fed’s policy decision on interest rates for further cues. Forex traders said the strength of the American currency in the overseas ...

India's banking system liquidity slips into deficit after 40 months: RBI India’s banking system liquidity has slipped into deficit for the first time in nearly 40 months, according to the Reserve Bank of India

RBI wants fintech operators to follow rules of game: Shaktikanta Das Governor Shaktikanta Das on Tuesday said the RBI will not stifle or penalise fintech companies, but wants them to follow the “traffic rules” where their innovations adhere to certain expectations from the regulator. The innovations that come out have to enhance the efficiency and ...

RBI removes Central Bank of India from PCA framework after more than 5 yrs Reserve Bank of India today removed the Central Bank of India from the Prompt Corrective Action (PCA) framework on complying with parameters like net non-performing assets (net NPAs) and capital ratios. While removal paves way for normal functioning for business growth, ...