Microlending industry sees slower loan growth in Q1, deterioration in recovery
India’s microlending industry witnessed slower growth and recovery problems in the first quarter of the financial year due to multiple industry factors, said industry association Sa-Dhan in a press release.
Declining liquidity coverage ratios to slow down credit growth for banks: ICRA
Proposed changes in liquidity coverage ratio framework to further moderate the reported liquidity coverage ratio (LCR) and constrain the credit growth for banks, says Icra
Revenue growth of auto dealers to enter the slow lane this fiscal, says Crisil
Rising inventory levels, along with moderating profitability to temper credit metrics
RBI Governor Shaktikanta Das speech full text at Global Fintech Fest
RBI Governor Shaktikanta Das speech full text at Global Fintech Fest
RBI gives fintech SRO status to FACE
Of the remaining two applications, one application has been returned with a provision for resubmission after meeting certain requirements. The third application is under examination, the RBI said.
Banks rush to meet TRAI directive fearing it may block bank, E-commerce messages From September 1
This may impact consumers in India in getting service and transactional messages from banks, financial institutions, and e-commerce platforms
Presently, entities only register their headers and templates with telecom operators, without including the actual content of the messages. Starting in September, telcos must implement a system to read and verify the content of commercial messages against their records. Messages that do not match the registered content will be blocked.
Total deposits under Jan Dhan bank accounts grow to Rs 2,31,236 crore
Till now, more than 53.14 crore beneficiaries banked under PMJDY since inception, the data showed.
PMJDY accounts grow 3.6 -fold from 15.67 crore in March 2015 to 53.14 crore as on 14-08-2024
Around 55.6% Jan-Dhan account holders are women and around 66.6% Jan Dhan accounts in rural and semi-urban areas, per the data.
Small finance banks to grow advances 25-27% this fiscal, says Crisil
Amid challenges in mobilizing deposits and their higher cost, SFBs are likely to explore alternative, non-deposit avenues to fund credit growth. That said, capital buffers to support growth remain healthy for SFBs.