Healthy economic growth and rising urban consumption has boosted loan demand but deposit growth has lagged. (Photo: PTI) 1 min read Last Updated : Aug 20 2024 | 5:51 PM IST Indian banks need to carefully monitor the gap between credit and deposit growth to avoid a potential structural liquidity issue, the governor of …
Bank Holidays in August 2024: This being the last week of July, we take a look at the holiday list in the upcoming month. Here is a list of bank holidays you can expect in August 2024. Apart from festivals and national holidays, the year will also have a total of two Saturdays and four …
Wipro Ltd has secured a major information technology (IT) outsourcing contract from London-based Standard Chartered Plc., according to two people familiar with the matter. This is the second contract win under new chief executive officer (CEO) Srinivas Pallia. Wipro Ltd has secured a major information technology (IT) outsourcing contract from London-based Standard Chartered Plc., according …
Wells Fargo fired more than a dozen employees last month after finding out they were faking work, Bloomberg reported. Wells Fargo & Co, America’s third-largest bank, continues to reel from a sales scandal that erupted in 2016.(Reuters) {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} The employees were all part of the wealth and investment management unit. Now catch …
The corporate earnings for the fourth quarter of FY24 were strong, with widespread outperformance across aggregates. The earnings beat was driven by domestic cyclicals, such as Autos and Financials, along with Healthcare, Capital Goods, and Cement, while global cyclicals like Metals and Oil & Gas dragged down overall profitability. Nifty 50 delivered a strong beat …
Since the number of air travelers has grown by leaps and bounds over the last few years, airlines, banks and credit card companies have been busy planning and executing products to gain customers in this space. Banks and credit card issuing companies could be seen competing with each other by launching innovative features on existing …
Bank Holidays this week in May 2024: Bank customers across states will have to plan around a possible four-day holiday this week, from May 23-26, on account of Buddha Purnima, Nazrul Jayanti/2024 General Elections and the Saturday-Sunday weekend leaves. All public banks, including the largest lender, State Bank of India (SBI), have at least ten …
The Reserve Bank of India (RBI) has come across instances of lenders resorting to certain unfair practices in charging of excess interest from borrowers. The RBI, through its supervisory teams, has advised banks to refund such excess interest and other charges to customers. During the course of the onsite examination of banks and Non-Banking Financial …
The central bank on March 4 had imposed an embargo on IIFL Finance’s gold loan business and then on JM Financial Products’ loan against shares & IPO financing business the next day, citing persistent regulatory non-compliance and governance issues. Earlier on January 31, RBI had barred Paytm Payments Bank from accepting fresh deposits and doing …
MUMBAI: State-owned banks were among the 25 most actively traded counters on NSE on Wednesday after Prime Minister Narendra Modi commended the performance of public sector enterprises in his speech in the Rajya Sabha. Seven PSU banks posted a combined turnover of ₹11,536.67 crore , accounting for 8.7% of the NSE’s total turnover of ₹1.33 …