by newsworm | Feb 5, 2025 | Banking, ESAF Small Finance Bank
ESAF Small Finance Bank has inaugurated its first branch in Kohima, the capital city of Nagaland. This marks a significant milestone for the bank, which aims to expand its reach and provide financial services to underserved communities. The new branch is located at... by newsworm | Feb 5, 2025 | Banking, HDFC Bank
HDFC Bank has launched the eighth edition of its Parivartan Startup Grants program, which aims to support startups working in the social impact space. This year, the program has partnered with 15+ incubators and accelerators to identify and fund 50-60 startups. The... by newsworm | Feb 5, 2025 | Banking, Indian Bank
Indian Bank, a public sector bank, is partnering with IIT Madras to host a hackathon focused on cyber security and fintech in April this year. The hackathon aims to tackle key issues in these domains, including endpoint security, fraud prevention, and advanced fraud... by newsworm | Feb 5, 2025 | Banking, Jammu & Kashmir Bank
The Jammu and Kashmir Bank organized a day-long awareness camp on the High Density Apple Plantation (HDP) scheme at the Govt. Degree College in Pulwama, aimed at promoting advanced agricultural practices in the region. The camp brought together various stakeholders,... by newsworm | Feb 4, 2025 | Banking, RBI, Ujjivan Small Finance Bank
Ujjivan Small Finance Bank (SFB) has filed an application with the Reserve Bank of India (RBI) to obtain a universal bank license. This move marks a significant step forward for the bank, which aims to provide a wider range of banking services to its customers. The... by newsworm | Feb 4, 2025 | Banking, RBI
The Ministry of Finance, Pankaj Chaudhary, informed the Rajya Sabha that as of March 2024, there were 2,664 unique borrowers, excluding individuals and overseas borrowers, classified as wilful defaulters. This number has decreased from 160 in the FY22 to 42 in FY24,... by newsworm | Feb 4, 2025 | Bank of Baroda, Banking
Here is a summary of the content in 400 words: Bank of Baroda, one of India’s leading public sector banks, recognized Mr. Pranav Soorma, an Officer of the Bank and recipient of the prestigious Arjuna Award 2024, for his outstanding achievements in Para... by newsworm | Feb 4, 2025 | Banking, RBI
The Tata Group has made a massive move by selling its 100% stake in Tata Communications Payment Solutions (TCPSL) to Transaction Solutions International (TSI), an Australian fintech company. The Reserve Bank of India (RBI) has approved the deal, valued at Rs 330... by newsworm | Feb 4, 2025 | Au Small Finance Bank, Banking, State Bank of India, Ujjivan Small Finance Bank, Utkarsh Small Finance Bank
Fixed Deposit (FD) schemes are a popular way to save money and earn returns, with the guarantee of getting the principal amount back after a fixed period along with interest. Major banks such as SBI and PNB offer interest rates up to 7%, while small finance banks... by newsworm | Feb 4, 2025 | Banking, IDFC Bank
IDFC First Bank has announced changes to the terms and features of its credit cards, which will take effect on February 20, 2025. The changes include revisions to the Annual Percentage Rate (APR), fuel fee and surcharge waiver, statement and payment due date,...