by OverviewFX | Aug 31, 2024 | Banking & Finance
Jio Financial Limited (JFL), the financial services arm of Reliance Industries Ltd., is in the final stages of launching its home loan products, currently being rolled out in beta mode, according to the company’s management at its first annual general meeting...
by OverviewFX | Aug 30, 2024 | Banking & Finance
The State Bank of India (SBI) on Friday introduced three new offerings targeting the daily commuters.These include the MTS RuPay NCMC prepaid card, which provides an offline payment solution; the One View mobile app, a one-stop solution to manage all SBI NCMC prepaid...
by OverviewFX | Aug 30, 2024 | Banking & Finance
Mumbai, Bank credit to industry strengthened significantly at 10.2 per cent in July 2024 compared with 4.6 per cent in the year-ago month, the Reserve Bank said on Friday. Credit to agriculture and allied activities remained robust, registering a growth of 18.1 per...
by OverviewFX | Aug 30, 2024 | Banking & Finance
Axis Bank and Indian Bank are likely to raise funds worth up to Rs 9,000 crore through the sale of infrastructure bonds next month, as lenders continue to rely on debt issuances to mobilise funds amid a slower pace of deposit growth than credit growth.Private sector...
by OverviewFX | Aug 30, 2024 | Banking & Finance
Banks in India are closed on the second and fourth Saturdays of the month, as well as on Sundays and other regional and national holidays, per the guidelines set by the Reserve Bank of India (RBI).Saturday, August 31st: Are banks open on the fifth Saturday of the...
by OverviewFX | Aug 30, 2024 | Banking & Finance
India’s largest lender, SBI, hopes that the stock market, which has been in a long bull run, corrects. SBI managing director Ashwini Tewari on Wednesday said a correction in the equity markets “over time” can help banks get back the deposits they...
