by newsworm | Mar 12, 2025 | Banking, IDBI Bank
IDBI Capital Markets and Securities Ltd, a subsidiary of IDBI Bank, has secured capital commitments for two new alternative investment funds. The development was revealed by a source familiar with the matter to VCCircle. This news comes after VCCircle reported last... by newsworm | Mar 11, 2025 | Au Small Finance Bank, Banking, RBI
AU Small Finance Bank has reduced its fixed deposit (FD) interest rates for senior citizens and general citizens, effective March 10, 2025. The changes are a result of the Reserve Bank of India’s (RBI’s) reduction in the repo rate in February 2025. For... by newsworm | Mar 11, 2025 | Banking, Punjab National Bank
Punjab National Bank (PNB) has issued an essential update for its customers regarding Know Your Customer (KYC) updates. Customers are required to complete their KYC updates by March 26, 2025, to avoid any disruptions in transactions. Those who have not updated their... by newsworm | Mar 11, 2025 | Banking, Indian Bank
A recent survey conducted by FICO, a leading provider of analytics technology, found that two-thirds of Indian bank customers expect banks to compensate them if they fall victim to scams. The survey, which included 11,000 consumers across 14 countries, including... by newsworm | Mar 11, 2025 | Banking, Punjab & Sind Bank
A recent development in the digital identity and biometric services space, PSB (Portugal Banking Service) and MegaFon, a multinational telecommunications company, have partnered to expand citizens’ access to biometric services. This collaboration aims to promote... by newsworm | Mar 11, 2025 | Au Small Finance Bank, Banking, Jana Small Finance Bank, RBI, Suryoday Small Finance Bank, Ujjivan Small Finance Bank, Utkarsh Small Finance Bank
In the wake of the Reserve Bank of India’s recent 25-basis-point repo rate cut, investors are actively seeking fixed deposit (FD) schemes with attractive returns. Small finance banks, established to promote financial inclusion, are now offering interest rates as... by newsworm | Mar 11, 2025 | Banking, State Bank of India
The State Bank of India’s online services have been experiencing disruptions, with widespread issues reported with internet banking, mobile banking, and online login. According to outage tracking website Downdetector, over 800 users have reported issues, with... by newsworm | Mar 11, 2025 | Banking, Karur Vysya Bank
Karur Vysya Bank (KVB) has launched three new branches in Andhra Pradesh, Karnataka, and Tamil Nadu. The branches were inaugurated on March 11, 2025, and will offer a range of banking services, including accounts, deposits, and loans. This is part of the bank’s... by newsworm | Mar 11, 2025 | Banking, Jammu & Kashmir Bank
The Jammu and Kashmir Bank’s mobile banking app, mPay, has been experiencing a widespread outage, leaving thousands of customers unable to access their accounts or make digital transactions. This has caused significant inconvenience, especially for those who... by newsworm | Mar 11, 2025 | Banking, Equitas Small Finance Bank, Suryoday Small Finance Bank, Ujjivan Small Finance Bank, Utkarsh Small Finance Bank
The article provides an update on the highest fixed deposit (FD) rates offered by small finance banks in India, also known as niche or sectoral banks. These banks are allowed to operate in specific sectors, such as agriculture, microfinance, or retail, and offer...