All Banking & Crypto Related Details

Indian banks report robust loan growth driven by corporate demand. Companies are shifting from expensive bond markets to cheaper bank borrowings. This trend is expected to continue for the next two quarters. Banks possess healthy balance sheets and strong capital buffers. Loan demand is seen across various sectors like electronics and automobiles. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Rk1ld75 via IFTTT

Trade and NBFC credit are expected to remain among the fastest-growing segments of India's banking system, supported by rising formalisation of economic activity, deeper financial penetration and the expanding reach of organised lenders, according to a report by Ashika Institutional Equities. The report said continued adoption of GST, digital payments and cash-flow-based underwriting will support credit expansion, while banks are likely to increasingly favour well-capitalised NBFCs with diversified funding profiles and healthy asset quality. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/xDLzUJB via IFTTT

Punjab National Bank (PNB) has mobilised around USD 419 million in Foreign Currency Non-Resident Bank (FCNR(B)) deposits and remains on track to achieve its USD 2.5 billion target by September 30, despite higher global yields and ongoing negotiations over deposit rates, Executive Director Amit Kumar Srivastava told ANI. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/4y9KdT2 via IFTTT

Axis Bank has appointed Rajeev Mantri as its new finance chief. Mantri joins Axis Bank after stepping down from Bandhan Bank in June. He brings nearly three decades of extensive finance experience to his new role. His appointment fills the vacancy left by Puneet Sharma's recent resignation. Mantri satisfies all eligibility criteria set by the Reserve Bank of India. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/nM64rbY via IFTTT

Banks face challenges extending collateral-free loans up to twenty lakh rupees. Some accounts are not covered by the government guarantee scheme for small firms. Many borrowers are unwilling to pay additional guarantee fees for these loans. Lenders plan to approach the government and RBI regarding these issues. This situation impacts credit access for micro and small enterprises. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/k7WqRUM via IFTTT

State Bank of India mobilized nearly two billion dollars under a central bank incentive. This amount significantly surpasses other state-owned and private sector banks' efforts. Other lenders like Bank of Baroda and Canara Bank raised smaller sums. Banks are now focusing on attracting overseas currency inflows from the Indian diaspora. This strategy aims to provide greater flexibility for high-net-worth clients. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/C2ud3kv via IFTTT