by newsworm | Apr 2, 2025 | Banking, Jana Small Finance Bank, Suryoday Small Finance Bank, Utkarsh Small Finance Bank
As a senior citizen, it’s essential to make investments with your hard-earned cash in a relaxed and rewarding way. Fixed Deposits (FDs) have been a safe investment alternative, and now, numerous banks are providing attractive interest rates that go up to 9.1%... by newsworm | Apr 2, 2025 | Banking, RBI
The Reserve Bank of India (RBI) is set to continue its bond buying efforts in April, aiming to lower bond yields and pave the way for potential interest rate cuts. This move has already led to a 15-point decline in the 10-year bond yield in March, the largest drop in...
by newsworm | Apr 2, 2025 | Banking
TVS Capital Funds (TCF), a growth private equity fund manager, has appointed Shyam Srinivasan as a senior advisor and operating partner. Srinivasan, a former CEO of Federal Bank, brings over three decades of experience in banking and financial services. His...
by newsworm | Apr 2, 2025 | Banking, Central Bank of India, Punjab & Sind Bank
The Central Bank of India has entered into a Memorandum of Understanding (MoU) with PSB Alliance Private Limited, a leading digital supply chain finance company, to offer digital supply chain finance solutions. The agreement was signed on March 27, 2025, by Mr. S.S....
by newsworm | Apr 1, 2025 | Banking, Tamilnad Mercantile Bank
The Tamilnad Mercantile Bank (TMB) Foundation has taken a significant step towards promoting sports and supporting athletes in Thoothukudi, a coastal town in Tamil Nadu. As part of its commitment, the TMB Foundation has agreed to reconstruct the 40-meter swimming pool...
by newsworm | Apr 1, 2025 | Banking
CSB Bank has reported significant growth in several key financial metrics for the fourth quarter ended March 31, 2025. The bank’s total deposits have increased by 10.3% to ₹36,861 crore, a significant rise from ₹33,407 crore in the previous quarter. The Current... by newsworm | Apr 1, 2025 | Banking, RBI
According to the Reserve Bank of India (RBI), a significant majority of the Rs 2000 banknotes have been returned to the banking system. As of March 31, 2025, only Rs 6,366 crore worth of these notes remain with the public. This represents a decline from the initial...
by newsworm | Apr 1, 2025 | Bank of Baroda, Banking, Indian Bank, UCO Bank
Shri Venkatachalam Anand has been appointed as the new Chief Vigilance Officer (CVO) of Indian Bank, effective April 1, 2025. Anand, who previously held the position of CVO at UCO Bank, will take over from Shri Vishesh Kumar Srivastava, who is being transferred to...
by newsworm | Apr 1, 2025 | Banking, dbs
The China Women’s Development Foundation (CWDF) has launched the “Everlasting Love, Shining Homes” Family Nurturing Plan in partnership with DBS Bank and the DBS Foundation. The initiative aims to improve household living conditions and strengthen...
by newsworm | Apr 1, 2025 | Banking, Jana Small Finance Bank, Suryoday Small Finance Bank
Taxpayers can still save income tax for FY 2024-25 by investing in five-year term fixed deposits (FDs) under Section 80C of the old tax regime. General citizens who are under 60 years of age can earn up to 8.6% interest on FDs worth less than Rs 3 crore from various...