Governor Shaktikanta Das received the award for A+ grade in the Central Bank Report Card 2024. The award was presented on 26 October at an event organised by Global Finance in Washington DC, USA. Das has been ranked at the top of the list of three central bank governors who have been g...
Bank credit in FY25 is likely to be between 13-15%, suggest a rise economic activity: SBI Capital Markets 10 July 2024Source: Zee Business Credit growth in India expected to exceed nominal GDP this fiscal: SBI Capital Markets 07 July 2024Source: The Hindu Businessline More than 100 repr...
A host member agreement was signed by Asian Infrastructure Investment Bank (AIIB) and the United Arab Emirates (UAE) to officially open the bank's first overseas office, an Interim Operational Hub (the Hub), in Abu Dhabi. The establishment of the hub in UAE will provide the Bank with a ...
“Since its launch, SBI Card’s chatbot has effectively resolved over 14 million queries with over ninety-seven in keeping with cent accuracy,” he said. SBI Card had ninety lakh clients in July with amarketplace shareof 17.Nine in line with cent. According to Prasad, the company has been...
Is there any limit of the number of enquiries that can be made in a day/month? As of now there is no such restriction. Unlimited. What are the Charges for this service? 1. The service is currently free of charge from the Bank. ...
Karnataka Bank: It is a Scheduled Commercial Bank based in Mangaluru, Karnataka. It is a private sector bank. It was founded in 1924. Its tagline is “Your Family Bank Across India”. Topic: Infrastructure and Energy 5. Gujarat is now ranked at first place in terms of installed wind pow...
4. Punjab National Bank (PNB) and India Infrastructure Finance Company Ltd (IIFCL) have signed MoU. PNB and IIFCL have signed MoU to collaborate in financing of infrastructure projects. Under the partnership, the parties can mutually take part under consortium/multiple lending arrangement to provide...
The amount written off increased to be about ₹1 lakh crore in FY23, while it was only approximately ₹71,000 crore in FY24. NPAs, including those for which complete provisioning has been made after four years, are written off from the balance sheet of the bank in accordance with RBI...
UAE Exchange and Financial Services Repatriates Cooperative Finance and Development (REPCO) Bank Chaitanya India Fin Credit Pvt Ltd Pankaj Vaish and others RBI last time permitted IDFC Bank and Bandhan Bank to set up universal banks in 2014. ...
Cash transfers to India from high-income countries increased to more than 36% in 2020-21 from 26% in 2016-17. The World Bank said that the share from five Gulf nations, including Saudi Arabia and the UAE, declined from 54% to 28%. ...