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If you are wondering what is life insurance meaning, you should know that a life insurance policy is a contract between an individual and an […]
Small Banking
Small Finance Banks: Transforming Banking in India
India is transforming in alignment with the digital revolution initiated by Prime Minister Narendra Modi led government. Banking and finance segment in particular is going through a […]
Open Banking Expands Into SMB Lending, Smaller Banks
Open banking and bank-FinTech collaboration can be an effective way for financial institutions (FIs) to launch new digital products. But the latest initiatives reveal a growing interest […]
These 3 banks offer fixed deposit (FD) rates at 9%. Check details
Many small finance banks offer 8-9% on fixed deposits of two to five years compared with an average of 6-6.4% that top lenders like State Bank […]
Why co-operative banks don’t want to convert into small finance banks
Conversion as SFBs would require UCBs to give up their universal bank status to become ‘narrow banks’ Urban co-operative banks (UCBs) have not warmed to […]
Public sector banks disburse Rs 81,781 crore in nine days, says Nirmala Sitharaman
Public sector banks (PSBs) alone have disbursed Rs 81,781 crore in the first phase of the outreach programme between October 1-9, Finance Minister Nirmala Sitharaman […]
Ujjivan Bank files draft red herring prospectus with SEBI
The shares being offered are at a face value of Rs 10 each, the USFB said Ujjivan Small Finance Bank (USFB) filed its draft red […]
Bank fixed deposit (FD) rates likely to come down
In an expected move, last week the government reduced the interest rate on small savings schemes such as public provident fund (PPF), post office time […]
Capital Small Finance Bank raises ₹43 crore from Amicus Capital
MUMBAI: Punjab-based Capital Small Finance Bank raised ₹43 crore from mid-market private equity firm, Amicus Capital, to fund its expansion plans, the company said. Besides Bengaluru’s Amicus Capital, existing […]
China says small bank risks manageable after takeover of troubled Baoshang
BEIJING (Reuters) – China’s banking regulator said risks at small and mid-sized banks are manageable, a central bank publication reported on Sunday, in the latest […]