Banking

SBI Card And Punjab & Sind Bank Join Hands To Launch Co-Branded Credit Cards

Public sector bank Punjab and Sind Bank (PSB) has partnered with SBI Card to launch co-brand credit cards for the bank’s customers. PSB has also entered the credit card market as a new product segment in its portfolio as a...

Launch of Utkarsh 2.0 – Reserve Bank of India’s Medium-term Strategy Framework

The Reserve Bank of India’s Medium-term Strategy Framework for the period 2023-2025 – ‘Utkarsh 2.0’ – was launched by Shri Shaktikanta Das, Governor, RBI. The first strategy framework (Utkarsh 2022) covering the period 2019-2022 was launched in July 2019. It...

RBI Releases Fifth Volume of Reserve Bank History (1997-2008)

The fifth volume of the Reserve Bank of India’s history is released. This volume encompasses the 11-year period from 1997 to 2008. With this volume, the history of the Reserve Bank of India is now updated up to 2008. The Reserve...

Govt Hikes Interest Rates on Some Small Savings Schemes by 20-110 bps for January-March

The central government hiked interest rates on various small savings schemes including senior citizen savings scheme during the January to March quarter but kept the rate for Public Provident Fund (PPF) and Sukanya Samriddhi scheme unchanged for this period. The...

Financial Stability Report, December 2022 released by RBI

Financial Stability Report Released by RBI The 26th edition of the Financial Stability Report was released by the Reserve Bank of India on December 29. The Reserve Bank of India (RBI) publishes a financial stability report (FSR) twice a year....

‘Statistical Tables relating to Banks in India: 2021-22’- Web publication released by RBI

Web publication released by RBI The Reserve Bank of India (RBI) published a web publication on the activities of the Indian banking sector called Statistical Tables relating to Banks in India: 2021-22’ The publication includes details of priority sector advances...

After 7 years, banks’ balance sheets growing by double digits- RBI report

Banks' balance sheet growing in double digits after 7 years The Reserve Bank of India (RBI) stated in its annual report on trend and progress of banking in India that the health of Indian banks continued to improve in 2021–2022...

Financial Literacy low nationwide, both in urban and rural areas: RBI Survey

Financial Literacy Urban and rural areas  It is often believed that in India, the majority of the rural people is not familiar with digital banking. But in what might be considered a revelation, a pan-Indian "Financial Literacy and Inclusion survey" conducted...

Bank frauds over 50% in Public Sector Banks according to RBI data

Bank frauds over 50% in Public Sector Banks According to an RBI report, public sector banks (PSBs) accounted for the majority of frauds reported in 2018–19, with 55.4% of the cases reported and 90% of the money involved. This is...

Indian Bank launched ‘MSME Prerana’ programme in Rajasthan

MSME Prerana: Indian Bank, one of the leading public sector banks in the country, has launched its flagship business mentoring program for MSME entrepreneurs ‘MSME Prerana’ in the state of Rajasthan. Indian Bank’s unique program, “MSME Prerana”, is a first-of-its-kind...