RBI
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Opportunity India Desk Jan 03 2024 - 2 min readScheduled Commercial Banks (SCBs) directed INR 23.36 lakh crore towards Priority Sector Lending in micro, small, and medium enterprises in November 2023, marking a 21.9 per cent surge from INR 19.16 lakh crore deployed in the same month the previous year, according to the data on sectoral credit deployment released by the Reserve ...
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Opportunity India Desk Jan 02 2024 - 2 min readNon-banking financial companies (NBFCs) have experienced major growth in loans extended to micro, small, and medium enterprises, surpassing that of traditional banks by over three times, according to a report released by the Reserve Bank of India (RBI). The central bank's latest assessment of the banking sector's performance for the fiscal years 2022-23 ...
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Opportunity India Desk Dec 21 2023 - 2 min readFintech startup EnKash has obtained regulatory approval from the Reserve Bank of India (RBI) to function as a payment aggregator, operating under the brand name Olympus. EnKash serves as a platform for spend management, providing businesses with the capability to automate payment processes, digitize incoming funds, oversee expenses, and perform additional functions. Spend ...
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Opportunity India Desk Dec 18 2023 - 3 min readA month subsequent to the Reserve Bank of India's (RBI) announcement of stricter regulations governing credit to non-banking financial companies (NBFCs), the borrowing costs for these entities have surged significantly. Simultaneously, banks are also experiencing heightened expenses for funds amid tight liquidity conditions within the banking system. Data from the Clearing ...
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Opportunity India Desk Dec 14 2023 - 2 min readIn the fiscal year 2022-23, Indian banks expanded their global footprint through subsidiaries, reaching a total of 417 compared to 399 in the previous fiscal year, according to data released by the Reserve Bank of India (RBI). The RBI's survey on International Trade in Banking Services 2022-23 revealed a 0.5 per ...