by OverviewFX | Sep 3, 2024 | Banking & Finance
BNP Paribas, the biggest French lender, is looking to expand its India client base, step up the ticket size of loans and take a strategic bet on the country. Sanjay Singh, CEO and head of territory, BNP Paribas India, also confirmed the bank has recently received a...
by OverviewFX | Sep 3, 2024 | Banking & Finance
Public Sector Banks (PSBs) have continued to lose ground in India’s credit market, with their share in total credit declining to 53.1% as of June 2024, down from 55.8% a year earlier, according to the Reserve Bank of India’s (RBI) latest quarterly data. In...
by OverviewFX | Sep 3, 2024 | Banking & Finance
Systemic loan growth will decelerate to 12.5% in FY25, with private banks and public sector banks (PSBs) expected to see reduced growth rates, driven by a continued slowdown in unsecured retail lending and weaker corporate credit demand.The high credit-deposit (CD)...
by OverviewFX | Sep 3, 2024 | Banking & Finance
Union Minister Shivraj Singh Chouhan on Tuesday launched the AgriSURE Fund and Krishi Nivesh Portal in New Delhi. The AgriSURE Fund aims to support those start ups that works towards the development in agriculture-boosting ideas and plans. Through this, the government...
by OverviewFX | Sep 3, 2024 | Banking & Finance
BENGALURU – India’s AU Small Finance Bank has sought approval for a universal bank license from the country’s central bank, the lender said on Tuesday. In April, the Reserve Bank of India released a set of criteria that small lenders needed to meet...
by OverviewFX | Sep 3, 2024 | Banking & Finance
Kolkata: AU Small Finance Bank has formally made an application to the Reserve Bank of India for voluntary transition to universal bank, the bank announced Tuesday.”We wish to inform (you) that the bank has submitted an application to the Reserve Bank of India...
