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Our News - Mar 2020
  • 2020-03-13 : Bank credit grew by 6.13% in the previous fortnight news
    Bank credit which includes retail loans like home and personal loans along with business loans grew by 6.13% in the fortnight to 28 February. Further, the deposits including fixed deposits and recurring deposits expanded by 9% to Rs. 133.31 lakh crores.
  • 2020-02-27 : Government to stick to April 1 deadline for the merger of Banks
    Finance Minister clarified that there is no uncertainty over the merger of 10 PSBS into four. She also stated that the process will be completed before the current financial year. The merger is likely to bolster the Banks position and will spur the business loans and retail loans like home and personal loans. It will also increase the Rds and Fds.
  • 2020-02-27 : Bandhan Bank to add 250 new banking outlets
    RBI relaxation spurred the Bandhan Bank to add 250 new banking outlet in the next one month. The increase in the branch is expected to bode well for business loans and retail loans like home and personal loans. Further, it will boost the Fds and Rds.
  • 2020-02-25 : RBI expects 4 tier banking system in coming years
    Reserve Bank of India is expecting an evolving banking sector in the coming years. It expects 4 segments comprising large traditional banks, mid-sized banks, small finance banks and digital entities. RBI expects to engage with various stakeholders,banks and credit rating agencies to enable credit score checking facility for customers that will provide great exposure for loans,including retail loans like home and personal loans and business loans. Further, it will augur well for FDs and Rds.
  • 2020-02-24 : RBI introduced new plans for financial inclusion
    Reserve Bank Of Indian devised a plan that will aim to provide access to formal financial services in an affordable manner by 2024. It recommended increasing the outreach of Scheduled Commercial Banks, Payment Banks and Small Finance Bank to poorest and middle sections of the society. The plan is expected to increase retails loans like home and personal loans and business loans. Further, it will augur well for the Fds and Rds.
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