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Rural Banking

PM Modi launches 6-day Grameen Bharat Mahotsav, unveils rural India vision

At the inauguration, PM Modi interacted with artisans and was felicitated by Nabard Chairperson Shaji KV

PM Modi launches 6-day Grameen Bharat Mahotsav, unveils rural India vision
Updated On : 04 Jan 2025 | 12:52 PM IST

Old lending practices a constraint in catering to agri sector: RBI dy guv

He highlighted that institutional credit to agriculture reached an all-time high of Rs 25.10 trillion during FY24

Old lending practices a constraint in catering to agri sector: RBI dy guv
Updated On : 16 Sep 2024 | 11:00 PM IST

Finance ministry plans 'One State, One RRB' policy to boost efficiency

RRBs reported their highest-ever consolidated net profit of Rs 7,571 crore for FY24, with a gross non-performing assets (GNPA) ratio of 6.1 per cent - lowest in 10 years

Finance ministry plans 'One State, One RRB' policy to boost efficiency
Updated On : 06 Sep 2024 | 11:57 PM IST

China asks rural banks to limit MF investments amid regulatory push: Report

Last week, China's interbank watchdog said it would investigate four rural commercial banks for suspected bond market manipulation

China asks rural banks to limit MF investments amid regulatory push: Report
Updated On : 15 Aug 2024 | 4:41 PM IST

Why Indian banks need to be extra nice to their less tech-savvy customers

Out of 820 million active internet users last year, 370 million used the web for digital banking

Why Indian banks need to be extra nice to their less tech-savvy customers
Updated On : 01 Aug 2024 | 7:58 AM IST

RBI monetary policy review: Bulk deposits limit for banks may be raised

The limit for bulk deposits was increased in 2019 for SCBs and SFBs as "single rupee term deposits of Rs 2 crore and above" from Rs 1 crore

RBI monetary policy review: Bulk deposits limit for banks may be raised
Updated On : 07 Jun 2024 | 11:03 PM IST

Banking channel for financial inclusion feels left out as scrutiny rises

Business correspondent firms' revenues are under stress as banks get tough with them to meet targets

Banking channel for financial inclusion feels left out as scrutiny rises
Updated On : 02 Jun 2024 | 9:47 PM IST

'Balance batao', 'digital didi': Fintech transforming financial inclusion

From the government's coffers, Rs 5,000 for opening an account for a child born into a poor family will be yet another milestone for financial inclusion, after PMJDY

'Balance batao', 'digital didi': Fintech transforming financial inclusion
Updated On : 24 Dec 2023 | 4:35 PM IST

Nabard withdraws Rs 5,000 cr bond issue over high yield bids for coupon

The issuer received bids in the range of 7.85-7.87 per cent, according to market participants

Nabard withdraws Rs 5,000 cr bond issue over high yield bids for coupon
Updated On : 22 Nov 2023 | 8:26 PM IST

Regional rural banks merger unlikely to happen in current financial year

The exemption dispensation from prior scrutiny and approval of CCI would be available for five years, the Corporate Affairs Ministry (MCA) said

Regional rural banks merger unlikely to happen in current financial year
Updated On : 21 Sep 2023 | 10:43 PM IST

Shah asks NABARD to fix financing targets for rural sector for next 25 yrs

Cooperation Minister Amit Shah on Wednesday asked NABARD to fix targets for financing agriculture sector and rural development for the next 25 years when India will complete 100 years of Independence. Addressing the 42nd Foundation Day of National Bank for Agriculture and Rural Development (NABARD), the minister said all employees of the organisation should be involved in fixing targets. Shah said NABARD, which is engaged in finance and refinance development activities in rural India, should fix its targets keeping in view its past performance and future requirements. He also underlined the need for cooperation among cooperative organisations to promote rural development. Shah said that a nation with 65 per cent rural population cannot prosper without NABARD. "A stage has come today that we cannot imagine rural economy without NABARD," he said, highlighting the achievements of the organisation which played a key role in financing agriculture development and rural infrastructure.

Shah asks NABARD to fix financing targets for rural sector for next 25 yrs
Updated On : 12 Jul 2023 | 7:25 PM IST

BS BFSI Insight Summit 2022: NBFC bigshots to speak on prospects ahead

From Ramesh Iyer, VC & MD at Mahindra Financial Services to Rakesh Singh, MD & CEO at Aditya Birla Finance, here is the list of panelists from NBFCs

BS BFSI Insight Summit 2022: NBFC bigshots to speak on prospects ahead
Updated On : 20 Dec 2022 | 12:32 AM IST

The irrelevance of regional rural banks

Scope of their survival is diminishing. Even as the overall business of rural financial institutions has generally been looking up, they are struggling to scale up business volumes

The irrelevance of regional rural banks
Updated On : 08 Nov 2022 | 9:07 PM IST

Unprofitable, growing bad assets: The tale of existential crisis at RRBs

They are mostly loss-making, with growing bad assets so the agricultural sector prefers commercial banks

Unprofitable, growing bad assets: The tale of existential crisis at RRBs
Updated On : 03 Nov 2022 | 4:31 PM IST

A big step towards 'ease of living': PM Modi opens 75 digital banking units

The DBUs will help banks that are now looking to reduce their physical footprint with fewer brick-and-mortar branches, with a 'light' banking approach.

A big step towards 'ease of living': PM Modi opens 75 digital banking units
Updated On : 16 Oct 2022 | 10:37 PM IST

Private banks show healthy loan, deposit growth in Q2, Casa share dips QoQ

According to RBI data, bank credit grew at 16.2% YoY as on September 9, while deposits were up by 9.5%

Private banks show healthy loan, deposit growth in Q2, Casa share dips QoQ
Updated On : 04 Oct 2022 | 11:32 PM IST

Axis Bank ties up with PayNearby, aims to boost priority sector lending

Private lender's portfolio of rural loans was at Rs 58,800 cr at the end of the first quarter this financial year

Axis Bank ties up with PayNearby, aims to boost priority sector lending
Updated On : 07 Sep 2022 | 6:42 PM IST

PSU banks to open about 300 branches in unbanked areas by Dec 2022: Report

As part of the financial inclusion drive, public sector banks will open about 300 brick-and-mortar branches in the unbanked areas of various states by December 2022. These new branches will cover all remaining unbanked villages with a population of more than 3,000, according to sources. A Maximum number of 95 branches will be opened in Rajasthan followed by 54 in Madhya Pradesh. The public sector banks will open 38 branches in Gujarat, 33 in Maharashtra, 32 in Jharkhand and 31 in Uttar Pradesh. The progress with regard to the opening of branches in the rural areas was reviewed in the recent meeting of heads of public sector banks with the Financial Services Secretary last month. Banks have been asked to open branches at allocated locations by the respective State Level Bankers' Committee (SLBC) by December 2022, the sources said. Bank of Baroda will open 76 branches, while State Bank of India will establish 60 branches. Financial Inclusion is a national priority of the governmen

PSU banks to open about 300 branches in unbanked areas by Dec 2022: Report
Updated On : 04 Sep 2022 | 3:32 PM IST

HDFC Bank to open 207 branches in Maharashtra, hire more than 3,000

The smart banking lobbies will be set up in 16 districts and will be operational 24 hours and 7 days

HDFC Bank to open 207 branches in Maharashtra, hire more than 3,000
Updated On : 02 Sep 2022 | 12:09 AM IST

Financial Services Bureau recommends Mohammad Mustafa as NABARD Chairman

The Financial Services Institutions Bureau (FSIB) on Wednesday recommended Mohammad Mustafa as the Chairman of NABARD. "After interfacing with 15 candidates on August 16-17, 2022, the bureau recommends Mohammad Mustafa for the position of Chairman in National Bank for Agriculture and Rural Development (NABARD)," FSIB said in a statement. The final decision on the recommendation of FSIB would be taken by the Appointments Committee of the Cabinet, headed by Prime Minister Narendra Modi. Mustafa, a 1995 batch IAS officer of the Uttar Pradesh cadre, served as the Chairman and Managing Director (CMD) of Small Industries Development Bank of India. Earlier, he had served as a Joint Secretary in the Department of Financial Services and also as a Director. He had also served as CMD of National Housing Bank between 2014-15 and as MD of CERSAI in 2016. NABARD is the apex regulatory body for overall regulation of regional rural banks and apex cooperative banks in India.

Financial Services Bureau recommends Mohammad Mustafa as NABARD Chairman
Updated On : 17 Aug 2022 | 11:14 PM IST