Manojit Saha

The year 2022 is coming to an end and a lot has happened that shaped the world in the year. Let's have a look at some of these significant events

Worse still, Casa deposits' share of incremental deposits has fallen to single digit (6.7%), for the second time in 10 years

Risk weight back to pre-pandemic level of 50%

In a Q&A, the company's CEO dwells on the huge opportunity the payments business provides in India and why there is a sudden rush to acquire an aggregator licence

The survey showed that household spending was buoyant on the back of higher essential and non-essential spending

"It is now necessary to assess the cumulative impact of our action taken so far"

Surge in digital payments in the past few years has highlighted the need for banks to raise the capacity of their digital platforms

According to a UBS India report, the rupee is likely to strengthen as the current account gap is expected to narrow in FY24

All eyes on policy stance, pause signal

The rupee closed FY23 at 82.18 to a dollar, against 75.79 a year ago

Clear signage to represent each banks' space; Citi to retain 14 branches

"It is hard therefore to find many products outside India that are manufactured by Indian firms," he said

In a Q&A, the MD & CEO of the firm dwells on its business model and the focus on retail assets to drive volume, going forward

Sitaraman said banks' provisioning cover ratio was close to 75 per cent - the highest in about the last 25 years

Since debt MFs will now be on a par with AIFs on the taxation front, the returns on each will only be a function of yields

'Core inflation defies softening of input costs'

"These are to get into asset reconstruction business, alternative investment fund business, wealth management and similar synergistic business, which the existing management can start"

Philippines has been increasingly coming under the lens of the Financial Action Task Force, and has already been designated as an FATF grey list country

Seeks details about their exposure

If the proposal gets IBA's nod, it will be sent to the finance ministry and subsequently to the Reserve Bank of India's (RBI) for approval