by OverviewFX | Sep 2, 2024 | Banking & Finance
New Delhi:India Post Payments Bank (IPPB) has successfully disbursed over Rs 45,000 crore in Direct Benefit Transfers (DBT) to beneficiaries under various government schemes, said the Ministry of Communication while marking IPPB’s seventh Foundation Day on...
by OverviewFX | Sep 2, 2024 | Banking & Finance
Mitsubishi UFJ Financial Group (MUFG), Japan’s largest mega bank with close to $3 trillion in assets, last week placed its biggest bet in India: It doubled an existing investment with a further commitment of ₹4,712 crore on DMI Finance. Masakazu Osawa, Asia...
by OverviewFX | Sep 2, 2024 | Banking & Finance
Credit to industry experienced a sharp rise of 10.2% year-on-year (Y-o-Y) in July 2024, up from 4.6% in July 2023, indicating strong economic growth, according to data from the Reserve Bank of India (RBI).Non-food bank credit also saw an increase, growing by 15.1% in...
by OverviewFX | Sep 2, 2024 | Banking & Finance
State Bank of India (SBI) has launched a new design for its FASTag which aims to reduce the travel time for commuters. According to a press release dated August 30, 2024, “The bank has introduced a new design for SBI FASTag in the Vehicle Class (VC-04) category....
by OverviewFX | Sep 2, 2024 | Banking & Finance
Mumbai: Mutual funds plan to request the Securities and Exchange Board of India to relax maturity norms for additional tier-1 bonds to encourage fund houses to invest in these relatively high-yielding debt instruments that banks issue to shore up equity...
by OverviewFX | Sep 2, 2024 | Banking & Finance
A bank locker is a safe place to store valuable items, such as jewellery, important documents and other precious assets. Here’s how one can open a bank locker.Choosing the right bankMost banks offer lockers, but availability may vary. It’s advisable to choose a bank...
