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ICICI Bank Q3 profit rises 25%

Batra said the bank made recoveries worth Rs 4,200 crore in Q3. “Amongst this Rs 4,200 crore, most of the recoveries have been from the retail side. We had about Rs 3,700 crore of recoveries from retail and about Rs 482 crore from the corporate and SME book,” he said. Private-sector lender ICICI Bank on …

IBA seeks extension of Rs 4.5L cr loan guarantee scheme by 1 year

It has also pitched for providing an additional dose of 10% of the eligible finance for all eligible borrowers, who continue to be affected by the Covid-induced extended disruptions, under the existing Emergency Credit Line Guarantee Scheme (ECLGS). The Indian Banks’ Association (IBA) has suggested that the government extend the validity of its Rs 4.5-lakh-crore …

Old but not out: Personalising digital banking services for senior citizens

A large percentage of them are increasingly becoming comfortable with the use of mobile phones and apps The youth of India which accounts for 30% of the population is indeed an attractive market for various services including digital banking with their natural inclination towards digital access. However, the segment of senior citizens which stands at …

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