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Finance

Citi, JICA announce co-finance loan to IndusInd Bank for agriculture sector

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Axis Bank-Citi deal: Synergies seen FY25 onwards on deposit, AUM attritionAnalysts cautious on IndusInd Bank despite all-round beat in Q3; here's whyIndusInd Bank...
Finance

Debit card usage declines 20% YoY as UPI becomes the first preference

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The utility of debit cards is expected take a hit as more and more people across the country prefer the Unified Payments Interface...
Finance

Mutual funds invest Rs 1.82 trn in FY23 on push from retail investors

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Mutual funds remained bullish on the Indian equities in 2022-23 and invested Rs 1.82 lakh crore largely due to a strong interest from...
Finance

IT service outsource norms to kick in from October this year, says RBI

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The Reserve Bank of India (RBI) on Monday released the final norms for outsourcing of information technology- (IT-) related services by financial sector...
Finance

State Bank of India to consider raising $2 billion via offshore bonds

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SBI board approves Rs 10,000-cr AT1 bonds offering to support biz growthBanks tier II bond issuance surges 3.5 times in FY23, shows dataSBI...
Finance

Punjab & Sind Bank opens 25 branches across India

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State-owned Punjab & Sind Bank on Monday announced the opening of 25 new branches across the country. With the opening of the new branches,...
Finance

RBI simplifies CIC application form, prunes list of documents required

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RBI has also reduced the number of documents an entity has to furnish along with the application form to register as a CIC...
Finance

Indian Overseas Bank raises FD rates; senior citizens to get 7.75% interest

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Indian Overseas Bank (IOB), a public sector lender, has raised the interest rates on its fixed deposits (FDs). The new interest rates would...
Finance

Rupee appreciates 24 paise to 81.78 against US dollar in early trade

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The rupee gained 24 paise to 81.78 against the US dollar in early trade on Monday tracking a positive trend in domestic equities...
Finance

Post office saving schemes compete with bank FDs after 3 rate hikes by govt

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Post office term deposits, which were fetching lesser returns than bank FDs in the recent past, have again become competitive with the government...
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