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Agriculture And Allied Industries

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India's retail banking now bigger than Russia's but not close to China's

Mumbai: India's retail banking has become one of the biggest among emerging markets with total retail banking assets worth US$ 269 billion at the end of Q2 FY18.


March 26, 2018

RBI to infuse Rs 1 trn into banking system via special auctions in March

New Delhi: Reserve Bank of India is going to infuse Rs 1 trillion (US$ 15.39 billion) into the banking system through special auctions, as increasing activity among banks and corpo...

March 06, 2018

The Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley : Rs.11 Lakh crore target for Priority Sector lending to Agriculture Sector is an achievable target

New Delhi: Priority sector lending target of Rs 11 lakh crore (US$ 170.11 billion) to agriculture sector is achievable by the banking sector and it will contribute towards doubling...

February 27, 2018

India Post Payments Bank (IPPB) to enable Digital Payments in Post Offices by April 2018

New Delhi: The nation-wide rollout of the India Post Payments Bank (IPPB) Expansion Programme is expected by April 2018, resulting in the largest financial inclusion network in the...

February 12, 2018

SBI to launch credit card for farmers

Kolkata: The State Bank of India has launched credit cards for farmers, via its subsidiary SBI Cards & Payments Services Pvt Ltd, in the states of Gujarat, Rajasthan and Madhya...

January 31, 2018

The Government of India announces details of Bank recap and Comprehensive Reform Plan

New Delhi: The recapitalisation of Indian Public Sector Banks (PSBs) will include capital infusion of Rs 80,000 crore (US$ 12.57 billion) through recapitalisation bonds and budgeta...

January 25, 2018

HDFC crosses Rs 3 trillion market cap for first time

Mumbai: The market capitalisation of Housing Development Finance Corporation Ltd (HDFC) crossed the Rs 3 trillion (US$ 47.31 billion) mark for the first time as its shares grew ove...

January 15, 2018

Rs 80K cr PSB recap bonds to be accompanied by more reforms:FM

New Delhi: The Lok Sabha has approved recapitalisation bonds worth Rs 80,000 crore (US$ 12.62 billion) for public sector banks, which will be accompanied by a series of reforms, ac...

January 05, 2018
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