Banks have opened their purse strings to MFIs more than ever with the sector showing steady traction backed by a strong regulatory framework.
RBI made life a bit easier for banks by softening rules on liquidity measurement and risk management.
The balance of payments surplus in October-December was $4.1 billion, compared to a deficit of $856 million in July-September, according to the Reserve Bank of India.
Indian banks will get one of the longest holiday stretches ever with Holi, Good Friday and a bank strike falling on either side of the weekend.
There is a sudden spurt in demand for chartered accountants with skills to do forensic audit with regulators announcing plans.
A study by JLL India estimated the number of elderly people living in India to be more than 10 crore, and this is expected to grow by 3.8% every year.
Total due from Airbus could be around Rs 350 crore including the accrued interest on the principal amount, sources in United Bank of India said.
In early 2015, low commercial paper rates relative to bank lending rates led to higher levels of financing from non-banking sources.
The continuous low factory output has also cast a cloud over sustainable double digit credit growth for the next couple of quarters.
All India Rural Bank Employees' Association said that rural banking services would come to a halt on these two days as employees of 56 RRBs will join the strike.
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