by AIP Online Bureau | Sep 28, 2024 | Banking & Bancassurance, Data, Eco/Invest/Demography, Policy, Wealth Management/ Philanthropy
Alternative investments and substantial cash holdings in the unorganised sector slowed deposit accumulation, particularly in rural areas, RBI said New Delhi: Banks struggled to mobilise large deposits to meet the increasing credit demand in the last two financial...
by AIP Online Bureau | Aug 10, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation, Wealth Management/ Philanthropy
In order to overcome the mismatch between deposits and lending, Sitharaman asked banks to come up with “innovative and attractive” deposit schemes to mobilise funds from the people,Nirmala Sitharaman , Finance minister Mumbai: Finance Minister Nirmala...
by AIP Online Bureau | Apr 15, 2024 | Banking & Bancassurance, Eco/Invest/Demography
SBI researchers estimated that at least 7.3 crore of these accounts have a balance of over Rs 15 lakh, and assuming that the deposits fetch an interest of 7.5 per cent, senior citizens have earned Rs 2.7 lakh crore in FY24 as interest alone Mumbai: The government has...
by AIP Online Bureau | Oct 5, 2023 | Banking & Bancassurance, Data, Eco/Invest/Demography, Indian News, Technology
The UDGAM portal has been developed by RBI for use by members of the public to facilitate and make it easier for them to search their unclaimed deposits across multiple banks at one place Mumbai: The Reserve Bank of India (RBI) has brought 30 banks on board its...
by AIP Online Bureau | May 9, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Policy, Regulation
Finance Minister Nirmala Sitharaman Economic Affairs Secretary Ajay Seth it was deliberated that regulators should conduct a special drive to facilitate the settlement of unclaimed deposits and claims in the financial sector across all segments, such as banking...
