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Incremental deposit growth outpaced credit growth since FY22: SBI Research

Myth of flagging deposit growth appears as just a statistical myth with credit growth outpacing deposit growth being tom-tommed as a deceleration in deposit growth, the research report said

RBI deputy guv Rao bats for need to periodically raise deposit insurance

An alternative targeted insurance approach with full coverage for certain sections of customers like small depositors and senior citizens can be explored

Slice gets NCLT nod for its merger with North East Small Finance Bank

This paves way for official merger, combining Slice's digital prowess with North East Small Finance Bank's banking expertise to deliver a superior financial experience to Indian consumers, it said

NRI deposits see nearly $4 billion inflows in April-June FY25: RBI data

In June, inflows into the various NRI schemes stood at $1.23 billion compared to $1.7 billion in May

RBI flags breach of regulations by some NBFC-P2P lending platforms

Bars credit enhancement, caps aggregate exposure at Rs 50 lakh

Data story: How digital payments in India have evolved over the years

Widespread adoption of digital payments has facilitated rapid, low-cost transactions and easy withdrawals through banking and mobile apps

New FD schemes: RBL to TMB, mid-tier banks enter the great deposit chase

Launch special schemes to boost fund base

Axis Bank expands wealth management biz rapidly in non-metro cities

Some of the new cities the bank has added include Patna, Raipur, Ghaziabad, Jodhpur, Udaipur, and Meerut

Widespread adoption of digital payments raises operational risks: RBI DG

The 24/7 availability of online and mobile banking can heighten vulnerabilities, potentially accelerating bank runs and liquidity crises during periods of stress, he said

From Canara Bank to HDFC Bank, banks up the ante on deposit drive

Private sector lender Bandhan Bank on the other hand, decided to up their rate substantially over others. On Tuesday, it announced a new bucket of 1 year 9 months at an attractive interest rate of 8%

RBI deputy Guv cautions against use of CBDC as 'safe havens' during crisis

During crises, CBDCs could be perceived as a safe haven, rendering uninsured bank deposits more prone to withdrawal and increasing risk of bank runs, says Patra

Reserve Bank of India tightens HFC norms to bring them on a par with NBFCs

The RBI has cut ceiling on quantum of public deposits that an HFC can hold to 1.5 times from 3 times of its net owned fund

Union Bank invites EoIs to sell Rs 2,316 crore NPAs across 45 accounts

Some of the accounts in the list include those which went unsold in an auction in June

Reserve Bank of India tweaks risk weights for housing finance companies

At the same time, the regulator segregated risk weights for standard and stressed commercial real estate - residential buildings

Look to resolve issues with deposit growth: HDFC Bank's Atanu Chakraborty

Says focused on creating personalised experience for customers

Food inflation can't be ignored, need to remain vigilant: RBI Governor Das

Economic Survey had suggested exploring whether inflation targeting framework of the central bank should exclude food

Banks should offer innovative products, services to garner deposits: Das

This nudge comes amid sluggish deposit growth, which has led to a widening gap between credit and deposit growth

Banks should offer innovative products, service to garner deposits: Das

However, the governor did not give any specific instructions as far as interest rates on deposits are concerned

RuPay credit card on UPI to earn equal rewards like other cards from Sept 1

The RuPay credit card issuing banks must abide by the contents of the circular by September 1, 2024, according to the NPCI

Credit transactions on UPI reaching Rs 10K cr every month: NPCI chief

NPCI's "credit line on UPI", launched last year, offers low-ticket, high-volume retail loans to individuals and businesses