The Fed Codifies Fourth Consecutive 75bps Rate Hike — Stocks, Bitcoin,…
The U.S. Federal Reserve introduced another jumbo rate hike on Wednesday, Nov. 2, 2022, by hiking the federal funds…
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Banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.
Central Bank Gold Buys This Year Reach an All-Time Quarterly High in…
According to the World Gold Council’s (WGC) latest quarterly report, worldwide gold demand, excluding…
Banks cede market share in microfinance loans to non-banking finance…
Non-banking finance companies-microfinance institutions (NBFC-MFI) and small finance banks have gained market share…
Digital banking to get human touch with metaverse
By Shubhangi Shah
Banking is already on our fingertips via mobile phones. The next leap of technology promises to…
Kotak bank acquires agriculture, healthcare finance portfolio from DLL…
Private sector lender Kotak Mahindra Bank on Friday said it has acquired agriculture and healthcare equipment…
We would like to be present in 1,000 towns and cities: Jairam…
Piramal Finance is looking at an 800-strong branch network as it expands to small-town India, managing director…
Bajaj Finance books 7.4 million loans in Q1
Non-banking financial company Bajaj Finance on Wednesday said it had recorded the highest-ever quarterly increase…
Muthoot Finance gets RBI nod to open 150 new branches
Gold loan-focussed Non-Banking Financial Company (NBFC) Muthoot Finance on Monday said it has received an approval…
Banking frauds of over Rs 100 cr see significant decline in FY’22
Frauds in the banking sector involving sums of over Rs 100 crore have declined significantly, with banks reporting…
Non-bank microfinance institutions seek lenders’ meet on extension of…
With the microfinance sector in Assam being badly hit due to a drastic fall in collection efficiency owing to…
