by newsworm | Dec 18, 2024 | Banking, State Bank of India
The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal by State Bank of India, a financial creditor, against an order allowing the disbursement of Non-Fund Based (NFB) facilities to a corporate debtor. The dispute arose from a resolution plan... by newsworm | Dec 18, 2024 | Banking, Karur Vysya Bank
Karur Vysya Bank has expanded its network with the inauguration of four new branches in Tamil Nadu, India. The new branches are located in the cities of Tiruchirappalli, Salem, Madurai, and Coimbatore. This expansion aims to strengthen the bank’s footprint in... by newsworm | Dec 18, 2024 | Banking
The article discusses special Fixed Deposits (FDs) that offer high interest rates, specifically up to 8.10%. These FDs are considered a safe and secure investment option, providing a fixed return over a fixed period of time. The interest rates offered by these FDs are... by newsworm | Dec 18, 2024 | Banking, HDFC Bank, ICICI Bank, State Bank of India
The market capitalization of select Indian companies has seen significant changes. Reliance Industries Ltd.’s market cap surged by Rs 12,246 crore to Rs 16.9 lakh crore, maintaining its position as the most-valued firm. TCS followed, rising by Rs 9,823 crore to... by newsworm | Dec 18, 2024 | Banking, Canara Bank, Central Bank of India, HDFC Bank, RBI
The Marginal Cost of Lending Rate (MCLR) is the minimum rate at which banks lend to borrowers, based on their own cost of funds. The MCLR is closely tied to the Reserve Bank of India’s (RBI) repo rate, which is the rate at which the central bank lends to... by newsworm | Dec 18, 2024 | Banking, Punjab & Sind Bank
The Pakistan Sports Board (PSB) has awarded Haider Ali a cash prize of PKR 5 million for winning a bronze medal at the Paralympics. The prize was granted under a newly approved PSB policy aimed at recognizing and rewarding outstanding performances by Pakistani... by newsworm | Dec 18, 2024 | Banking, RBI
Ripple, a leading player in the digital payments ecosystem, has announced that Raghuram Rajan, a former governor of the Reserve Bank of India, has joined its advisory board for the RLUSD stablecoin. The advisory board also includes other prominent figures such as... by newsworm | Dec 18, 2024 | Axis bank, Banking, ICICI Bank, RBL Bank
RBL Bank, a private sector bank in India, has revised its fixed deposit (FD) interest rates. The changes are effective from October 1, 2021. According to the new rates, the bank now offers interest rates ranging from 2.75% to 6.15% for various tenor options. For... by newsworm | Dec 18, 2024 | Axis bank, Banking, HDFC Bank, ICICI Bank, Jammu & Kashmir Bank, Punjab National Bank, State Bank of India
According to data presented in the Rajya Sabha, Jammu and Kashmir Bank reported financial frauds totaling Rs 320.42 crore over the past three years. The number of fraud cases fluctuated, but the monetary impact surged in 2022-23, with 13 cases amounting to Rs 298.09... by newsworm | Dec 18, 2024 | Banking, HDFC Bank
The Department for Promotion of Industry and Internal Trade (DPIIT) and HDFC Bank have joined forces to support India’s startup ecosystem. The Memorandum of Understanding (MoU) aims to provide startups with tailored financial services, knowledge-sharing...