by OverviewFX | Aug 31, 2024 | Banking & Finance
In a likely impact of the nudge given by RBI to banks to focus on deposit growth, both deposit and lending rates increased sequentially in July according to the latest data on lending and deposit rates of commercial banks released by the Reserve Bank of India. The...
by OverviewFX | Aug 31, 2024 | Banking & Finance
The impact of Reserve Bank’s regulatory measures cautioning and restricting banks on loans to NBFCs and unsecured lending is seen on lending patterns of commercial banks.While loans to services and retail which were holding on to the banking sector’s loan...
by OverviewFX | Aug 31, 2024 | Banking & Finance
Reserve Bank of India on Friday said it has imposed a penalty of Rs 2.68 crore on UCO Bank for contravention of certain provisions, including on opening of current accounts, interest rate on deposits and frauds classification. The RBI has also imposed a penalty of Rs...
by OverviewFX | Aug 31, 2024 | Banking & Finance
“We want each customer to feel like they are the only one we’re serving. Personalisation is the key to achieving this vision. Axis Bank has invested heavily in technology, with 15 AI pilots currently running,” stated Amitabh Chaudhry, CEO, Axis Bank.These are...
by OverviewFX | Aug 31, 2024 | Banking & Finance
Mastercard has made the global debut of its Payment Passkey Service, a pioneering solution designed to enhance the security and convenience of online shopping, in India. The service was unveiled at the Global Fintech Fest in Mumbai and is being piloted with major...
by OverviewFX | Aug 31, 2024 | Banking & Finance
CHENNAI: With 579 deals, India’s private equity-venture capital (PE-VC) investments reached nearly $20 billion between Jan and Aug this year (CY2024). However, it is less by $4 billion when compared with the corresponding eight-month period of CY2023 at $24...
