Private-sector banks in India Current Affairs, GK & News
Reserve Bank of India (RBI) released its “Deposits with Scheduled Commercial Banks – March 2021 data” on September 23, 2021. Highlights As per RBI data, Bank deposits have increased by 11.9 per cent year-on-year during 2020-21 as compared to 8.8 per cent in 2019-20. Deposits increased in light of high growth in current account and ..
Category: Banking Current Affairs
Forbes has recently compiled a first-ever list of the World’s Best Bank 2019 in terms of customer services and technological advancements. The private lender, HDFC Bank, was ranked at the top of the Forbes list of Indian banks, followed by ICICI Bank, DBS, Kotak Mahindra Bank and IDFC Bank. However, India’s largest public sector bank, ..
Topics: BSE SENSEX • CNX Nifty • Companies • Economy of India • HDFC Bank • ICICI Bank • IDFC First Bank • Infrastructure Development Finance Company • Kotak Mahindra Bank • Private-sector banks in India • Public Sector Banks in India • State Bank of India
As per 2nd schedule of the RBI Act of 1934, the ESAF Small Finance Bank (SFB) Ltd has got approval from Reserve Bank of India (RBI) to operate as a scheduled bank. This makes ESAF the fifth scheduled bank from Kerala after Federal Bank, South Indian Bank, Catholic Syrian Bank, and Dhanlaxmi Bank. Being a ..
Category: Government Schemes Current Affairs
Topics: Aadhaar • Banking in India • Catholic Syrian Bank • Economy of India • ESAF Small Finance Bank • India • Private-sector banks in India • Reserve Bank of India • Scheduled Banks • Small finance bank • South Indian Bank • Thrissur
India is one among the top 10 economies in the world. Banking sector in India is robust and forms the most dominant segment of the financial sector. The banking industry acts as a pivot in the economic development of the country. The face of the banking industry has been witnessing changes over the years. The ..
Topics: 32758 • Financial inclusion • India • Microfinance • Priority sector lending • Priority sector lending • Priority Sector Lending Certificates • Priority Sector Lending Certificates • Private Sector Banks in India • Private-sector banks in India • Public Sector Banks in India • Reserve Bank of India • Reserve Bank of India
Private Sector Banks refer to those banks where most of the capital is in private hands. In India, there are two types of private sector banks viz. Old Private Sector Banks and New Private Sector Banks. Old private sector banks are those which existed in India at the time of nationalization of major banks but ..