Banks are coming up with separate gold loan branches to woo customers away from NBFCs The Non Banking Financial Companies (NBFC) are facing tough competition from banks in the gold loan segment by offering low interest rates. Commercial Banks have been expanding their gold loan portfolio. Data by BFSI shows that the portfolio saw a […]
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While approving credit, experts say that banks can make use of Artificial Intelligence (AI) to analyze and reduce NPAs. Experts warn that there might be an increase in delinquency following the recent approval of credit through United Payments Interface (UPI) by banks. The credit delinquency rate in the Indian market is already higher than in […]
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The RBI governor said if the situation warrants the RBI will not hesitate to change the current stance. The borrowing costs that have been on the rise since 2022 are expected to moderate after the repo rate remained unchanged. Experts say that with the benchmark rate unchanged at 6.5 percent, the cost of borrowing will […]
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List of failed banks over the last 10 years By Janvi Goel Leading private sector banks across India based on market capitalization (in billion Indian rupees) By M.Surabhi India’s Non Performing Loans Ratio from 2011 to 2022 By Sai Aravindh Top 10 US Banks by assets in January 2023 By Anuja Mistry Foreign banks assets […]
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People are not opting for neo-banking services due to misconceptions and lack of awareness. Potential neo-banking users prefer not to use the service over the increasing risk of fraudulent transactions and misconceptions about lack of regulation for the industry. Users are hesitant to use the service, even though this means they will never have to […]
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As the popularity of “Buy Now, Pay Later” (BNPL) companies continues to rise, experts are concerned about their sustainability and impact on household debt. Ajay Kumaran, 21, said that he would never use the BNPL payment option again as he had suffered from a debt cycle before. He had taken loans from two BNPL companies […]
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Banks are working on facilitating inter-banking transactions to aid the new digital currency. Banks are in the process of updating their systems to facilitate transactions in the new digital currency. The banks have focused on enabling this system to current account holders like business people first, as their transaction volume is large. Pooja Chawla, Deputy […]
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Banks are filled with Rs 10 coins as customers want to exchange them for notes. Bengaluru: Bankers say that Rs. 10 coins do not get circulated because many traders and other commercial establishments do not accept them. This is despite ample minting and distribution of the coins. The Security Printing and Minting Corporation of India(SPMCIL) […]
Continue ReadingStreet vendors cannot access bank loans despite their inclusion in MSMEs. Urban street vendors now fall under the ambit of Ministry of Micro, Small, and Medium Enterprise (MSME) but they are unable to get loans because they fail to meet the eligibility criteria. Vijaylaxmi, a street vendor at Krishna Rajendra (K.R.) Market said that she […]
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Bank officials say that banks too many coins result in them exceeding their minimum balance. BENGALURU: Nagraj Yadav sits at his tea shack, looking despondently at the little cardboard box filled with Rs 10 coins, amounting to about Rs. 2000. He does not know what to do with them. Depositing them in a bank is […]
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