by newsworm | Jan 6, 2025 | Banking
Fixed deposits (FDs) are a popular investment choice for conservative investors due to their reliable and consistent long-term returns. Investors deposit a lump sum and earn interest on the total amount, which is typically higher than what’s offered by a savings... by newsworm | Jan 6, 2025 | Banking, Central Bank of India, RBI
The Indian rupee fell to an all-time low on Monday, dipping to 85.82 against the US dollar, but the decline was limited due to likely intervention by the Reserve Bank of India (RBI). The currency had touched 85.8075 in late December. State-run banks were reportedly... by newsworm | Jan 6, 2025 | Banking
The Federal Bank Pune Marathon 2025 was held on January 5th, marking a significant milestone in Pune’s sporting and fitness culture. The event, with Milind Soman as its brand ambassador, attracted over 1,600 participants from across India, making it a premier... by newsworm | Jan 6, 2025 | Banking, Punjab & Sind Bank
Punjab & Sind Bank, a state-owned bank in India, is planning to launch an instant loan scheme for the MSME (Micro, Small & Medium Enterprises) sector, worth up to Rs25 lakh, this month. This is part of the bank’s initiative to increase credit... by newsworm | Jan 6, 2025 | Banking, State Bank of India
State Bank of India’s (SBI) decision to offer collateral-free study loans to students with a minimum annual income of Rs 6 lakh has set a new benchmark in the education loan market. This move is expected to push other lenders to follow suit, making it easier for... by newsworm | Jan 6, 2025 | Banking, Punjab & Sind Bank
The bank has initiated a transformative agenda, aiming to revolutionize the way it operates. As part of this initiative, it has introduced digital loan schemes for homes and vehicles. With these schemes, applicants can receive an in-principle approval within 15... by newsworm | Jan 5, 2025 | Axis bank, Banking
According to Axis Bank’s chief economist Neelkanth Mishra, the Indian economy is on the mend again. In a recent interview, Mishra highlighted that the economy has shown significant improvement in recent months, driven by a revival in manufacturing and services... by newsworm | Jan 5, 2025 | Banking
The first edition of the Federal Bank Pune Marathon 2025 took place on January 5th, 2025, featuring fitness icon Milind Soman as the brand ambassador. The event attracted over 1600 runners from across the country, catering to participants of all fitness levels and age... by newsworm | Jan 5, 2025 | Banking, Central Bank of India, dbs
DBS Bank has revised its forecast for the Philippines’ Gross Domestic Product (GDP) growth rate to 5.8% from its previous estimate of 5.5%. This is due to the country’s strong economic fundamentals, including a robust services sector, a resilient... by newsworm | Jan 5, 2025 | Banking, RBI
India’s foreign exchange reserves have been declining steadily for three months, reaching a new multi-month low of $640.279 billion in the week ending December 27. The decline is attributed to the Reserve Bank of India (RBI) intervening in the currency markets...