Finance Minister Nirmala Sitharaman Finance Minister Nirmala Sitharaman on Friday urged regional rural banks (RRBs) to bolster their current and savings account (Casa) ratio and persist with their focus on key central government schemes, such as PM SVANidhi, Atal Pension Yojana, PM Jan Dhan Yojana, PM Mudra Yojana, among others. Chairing a review meeting… Continue reading Improve CASA ratio, leverage account aggregator framework: FM to RRBs
Tag: account
At 2.9 mn, new demat account additions hits 18-month high in July
The buoyancy in the market in July boosted new account openings at brokerages as 2.9 million new dematerialised accounts — required for trading and holding shares electronically — were opened with two depositories — CDSL and NSDL — the highest since January 2022. The total demat tally has now reached 123.5 million. The… Continue reading At 2.9 mn, new demat account additions hits 18-month high in July
You can earn up to 7.25% on your savings account with this bank: Details
Effective 1 August, Fincare Small Finance Bank is offering an interest rate of 7.25% on Savings Account (with balance above Rs 5 Lakhs and including Rs 25 lakh. The revised Savings Bank Deposits rates w.e.f. 1st August 2023 are given below: “At Fincare Small Finance Bank, our focus has always been on empowering our customers… Continue reading You can earn up to 7.25% on your savings account with this bank: Details
Sebi floats consultation paper to improve Account Aggregator framework
This is aimed at improving the safeguards within the Account Aggregator or AA framework to curb misuse of the financial information in frauds and mis-selling. Sebi on Tuesday came out with a proposal on collating and defining use cases of Financial Information Users (FIUs) in the Account Aggregator framework in securities markets. This… Continue reading Sebi floats consultation paper to improve Account Aggregator framework
Curbs on account aggregator usage, commodity brokers barred
Securities and Exchange Board of India Curbs on account aggregator usage The Securities and Exchange Board of India (Sebi) has sought public comments on additional safeguards for the account aggregator framework to curb the misuse of financial information such as frauds, miss-selling, and other unsolicited cross-selling. Account aggregator network secures digital data and provides access… Continue reading Curbs on account aggregator usage, commodity brokers barred
PMJDY account to touch 500-million mark; about 55% beneficiaries are women
As the Pradhan Mantri Jan Dhan Yojana (PMJDY) is set to complete nine years on August 15, the total number of beneficiaries is set to cross the 500-million mark. As on July 19, the number of total account holders under the PMJDY has reached 495.6 million, with a total outstanding of over Rs… Continue reading PMJDY account to touch 500-million mark; about 55% beneficiaries are women