[ad_1] Debates on the significant decline in India’s GDP growth rate in the second quarter of 2024-25 and the revised estimates of growth for the year have been all over the media. The narratives have ranged from it being a secular decline to just a quarterly blip. Pundits have volunteered diagnoses and prescriptions accordingly. However,…
[ad_1] Banking is at the heart of any nation’s growth. When democratised, it becomes a financial engine capable of uplifting the masses on a large scale. The Indian banking industry is currently at a significant crossroads. It’s struggling to reinvent itself in the face of rapidly scaling fintechs, who are fast capturing the untapped customer…
[ad_1] This statistic highlights a significant financial challenge facing the banking sector. In the face of loan write-offs and non-performing assets (NPAs), effective collateral management stands out as the only remedy. In this context, the importance of a thorough legal audit of guarantees becomes crucial for banks, helping them protect against costly legal and financial…
[ad_1] Mumbai: Deposit growth has been lagging advances lately, sparking a vigorous debate among bankers, including the RBI, over the reasons for this divergence and how to boost savings. On Thursday, the country’s top bankers differed sharply over what was causing the deposit-credit mismatch. Some of them blamed mutual funds, which fetched superior returns, and…
[ad_1] Finance minister Nirmala Sitharaman on Saturday urged banks to return to their core focus of deposit mobilization and lending, emphasizing the need to balance these two critical elements of the banking business. Addressing the media after attending the 609th meeting of the Reserve Bank of India’s central board of directors, Sitharaman likened deposits and…
[ad_1] Bank Holiday today: Today, August 3, is a Saturday. But is it a bank holiday? The answer is no. That is because banks in India have the second and fourth Saturdays off during any given month. Today is the first Saturday of August and is hence a working day for banks across the country….
