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Company Profile
AU Small Finance Bank provides financial services to the low- and middle-income group people as well as micro- and small-business owners who have little to no access to conventional banking and financing systems. Loans, deposits and payment products and services are all provided by the Bank. An “AA-/Stable” long-term credit grade has been given to the bank by various rating agencies. Sanjay Agarwal founded the business.
Banking Sector and Small Finance Banking Industry in India
• India’s banking industry, according to the Reserve Bank of India (RBI), is adequately capitalised and well-regulated. The Nation has significantly better financial and economic circumstances than any other Nation in the world. Studies on credit, market and liquidity risk indicate that Indian banks are generally robust and have fared well during the global recession. Innovative banking formats like payments and small financing banks have recently been introduced to the Indian banking sector. India has recently concentrated on expanding the scope of its banking sector through a number of initiatives like the Pradhan Mantri Jan Dhan Yojana and Post Payment Banks together with significant banking sector reforms like digital payments and fintech, have greatly improved India’s economy.
Denne historien er fra August 1 - 31, 2023-utgaven av BUSINESS ECONOMICS.
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Denne historien er fra August 1 - 31, 2023-utgaven av BUSINESS ECONOMICS.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Elections 2024: Illusion & Reality
Whenever there is an election, we find the politicians speaking in hyperboles – and possibly, 2024 Lok Sabha has reached a crest.
Government initiatives aim to bolster rubber cultivation and innovation
Rubber tree plantation has seen significant growth in India, thanks to robust government oversight and favorable weather conditions.
Macron speaks on Europe's economic fragility
Many heads of state often speak on topics over which they have little control or vested interest.
Indian industries stand to benefit in raising of tariff on Chinese imports to the US
A delicate balance of power and influence exists between the United States of America and China.
Chabahar Port Agreement: Part of India's strategic and economic vision for Central Asia and Europe
On May 13, India and Iran signed a 10-year contract to operate the Chabahar port in Iran.
It is quite incredible to see things of interest happen with the blessings of the divine trio
Swamiji once said, “The wind of divine grace is always blowing. You just need to spread your sail.
The battle for sustainability: Earth Day's message of 'Planet vs. Plastics
World Earth Day, observed annually on April 22 worldwide, commemorates contemporary environmental advancements and promotes awareness of the imperative to conserve Earth and its resources.
Mother Teresa International Award 2024: Celebrating Humanity and Service
The Mother Teresa International Award, a prestigious honor recognizing individuals dedicated to serving humanity, will host its 2024 ceremony in Dubai, United Arab Emirates.
Can India get out of the middle income trap?
In the mid-1980s, international financial institutions moved away from calling their member countries as poor and rich countries, or as developed and less developed countries.
How is India's falling household savings rate worrisome for its development?
There has been a sharp reduction in the household net financial savings rate in 2022-23, leading to an overall decline in the financial savings rate.
