Tag: Financialservices

Learn how small finance banks are revolutionizing banking services by utilizing technology to drive digital financial inclusion for the unbanked and underserved populations. Experience banking convenience at your fingertips with mobile and internet banking, video banking, and enhanced financial literacy programs. Discover how small finance banks like AU Small Finance Bank are expanding their reach through strategic collaborations and microcredit initiatives, empowering individuals and businesses to thrive in the digital age.

Indian Prime Minister Narendra Modi will distribute 70,000 appointment letters to new government recruits on June 13, boosting employment rates. Candidates can expect career growth, stability, job security, and additional benefits. The Rozgar Mela will be held at 43 locations.

IIFL Finance, an Indian non-bank financier, plans to expand borrowing through bonds due to lower capital market rates. Their CFO stated it depends on finding the right pricing and tenor. Their borrowing mix is currently 60% from banks, 20% from the bond market and the remainder from development finance institutions. They anticipate a borrowing increase of INR8bn to fund 25% growth.

The Reserve Bank of India's Monetary Policy Committee is maintaining the repo rate at 6.5%, despite global economic volatility and inflation risks in the domestic market. While some economists predict rate cuts in 2024, the RBI is likely to remain cautious in light of ongoing uncertainty. Read on for expert insights into the RBI's policy stance.