CASA News

Jio Financial Limited To Launch Home Loans: Mukesh Ambani's Jio Finance Ltd, the NBFC subsidiary of Jio Financial Services, announced that it is in the final stages of launching home loans, which are currently available in Beta mode. This update was shared during the company's first annual general meeting since its stock market debut in August 2023. Adding further, the company plans to introduce other financial products, including loans against property and securities. Meanwhile, Jio Insurance Broking Limited (JIBL) has partnered with 31 leading private and public sector insurance companies to offer insurance products through the JioFinance app.   

Private schools will remain shut in Punjab on Monday. CASA claims the arrest of managing director of the private school in rape case of student was made under pressure.

Public sector and private sector banks recorded 3.6 per cent and 9.1 per cent credit growth. Aggregate deposits growth accelerated to 12.3 per cent in March from 9.5 per cent a year ago. Credit delivery suffered in FY21 due to the outbreak of Covid-19 pandemic.

When asked by when the bank itself would have a headcount of more than one lakh, Kochhar said that would depend on the growth rate of the economy and the overall banking sector.