All Banking & Crypto Related Details

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The RBI has highlighted that important forces boosting socio-economic growth are the financial activity of the banking industry. Rural development also means transformation of the rural population. It is a strategic move, in line with the government’s aim to double farmers' income. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/dsfrwO5 via IFTTT

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Overall bank borrowings stood at a whopping Rs 8.2 lakh crore as on July 14, a day after the record date for the merger, the latest data published by the Reserve Bank of India (RBI) showed. This is Rs 2.7 lakh crore higher than the previous record high posted on October 21, 2022. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/VNGDEvP via IFTTT

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Punjab National Bank (PNB) has reported a 307% increase in its standalone net profit for the quarter ended June 30 at ₹1,255 crore against ₹308 crore in the year-ago period, mostly on account of a decline in bad loans and record increase in net interest income, or NII. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/5ALDPMZ via IFTTT

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Domestic Indian banks, which have fast tracked their efforts to enhance their digital capabilities, are luring top-notch tech talent from leading new age companies and global firms, said senior company officials and search experts. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/hCabHGX via IFTTT

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A total of 6,808 camps were held during the campaign period. A total number of 1,02,358 applications were sanctioned and 1,01,354 applications were disbursed during the campaign. Additionally, 1,06,432 vendors were digitally onboarded during the campaign in May, 2023. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/0zqYxKE via IFTTT

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In a regulatory filing on Tuesday, SBI said it has approved setting up the trustee company as a wholly-owned subsidiary of the bank for managing the fund. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/tNG6hOQ via IFTTT

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