India’s lower-middle class is moving from borrowing for survival toward borrowing for advancement, signalling a decisive cultural shift in credit behaviour, according to the seventh edition of Home Credit India’s annual How India Borrows (HIB) study.
The Hinduja Group has expressed keen interest in investing across key sectors in Uttar Pradesh.
Over 25 crore workers in key sectors such as banking, insurance, postal services, and coal mining are expected to join 'Bharat Bandh' on Wednesday following which public services will get impacted across the country.
In a customer-friendly move, the Canara Bank on Sunday officially scrapped the penalty for not maintaining a minimum balance in savings accounts starting June 1.
In an important ruling, the Supreme Court said on Wednesday that the access to digital KYC (Know Your Customer) to avail of online services, including banking, is a fundamental right intrinsic to Article 21 of the constitution, of the persons with disabilities, especially facial/eye disfigurements due to acid attacks and visual impairments.
Benchmark indices closed higher for the day with auto, banking, pharma, and mid- and small-cap healthcare sectors performing well.
The bank’s net interest income (NII) during the first quarter increased 6 per cent to Rs 9,166 crore from Rs 8,666 crore in the same period last year.
The Reserve Bank of India (RBI) on Thursday issued a draft circular on the Basel III framework on liquidity standards, which will require banks to set aside more funds to cover their risks.
These facilities will be available at commercial spaces within the premises of RRTS stations near the entry and exit areas, enhancing passenger convenience," a spokesperson of the National Capital Region Transport Corporation (NCRTC) said on Monday.
The Khanakul MLA Susanto Ghosh has assured to be at the side of the affected depositors.
