A savings bank account allows you to maximise your hard-earned money while also earning a consistent interest rate on the balance you keep along with withdrawal flexibility.Today, banks provide a variety of savings bank accounts to meet the demands and financial habits of a wide range of customers. A standard savings account, a salary account,…Continue Reading
Kotak Mahindra Bank has sent an email to its customers informing them that Mastercard & Visa have decided to suspend all the network services in Russia due to the ongoing situation in Ukraine. As a result, any ATM, POS, or online transaction conducted in/to Russia using Kotak Bank Debit Cards that uses the Mastercard/ Visa…Continue Reading
The gross non-performing asset ratio of scheduled commercial banks is likely to increase to 9.5 per cent in September 2022 from 6.9 per cent in September 2021 in a severe stress scenario Topics NPAs | RBI ANI Last Updated at December 29, 2021 20:03 IST The gross non-performing asset (GNPA) ratio of scheduled commercial banks is likely…Continue Reading
Call options for instruments raised last year and worth Rs 28,430 crore are due in the next financial year. Topics at1 bonds | Indian Banks | private sector banks Abhijit Lele | Mumbai Last Updated at December 22, 2021 15:23 IST Indian banks have raised more than Rs 37,000 crore by issuing new Additional Tier 1 bonds (AT1) this…Continue Reading
Country’s largest private sector lender HDFC Bank on Friday said its MSME book witnessed a 17 per cent year-on-year growth to over Rs 13,000 crore as of September-end in Uttar Pradesh. As of September 30, 2021, the Micro, Small, and Medium Enterprises (MSME) loan book for Uttar Pradesh stood at Rs 13,154 crore, HDFC Bank…Continue Reading