by newsworm | Jan 17, 2025 | Bandhan Bank, Banking, DCB Bank, Equitas Small Finance Bank, IDFC Bank, RBL Bank, Standard Chartered, Suryoday Small Finance Bank, Ujjivan Small Finance Bank, Utkarsh Small Finance Bank
Small finance banks are now offering higher interest rates on fixed deposits (FDs) compared to private and government banks. According to the data provided on Paisabazaar, there are at least 11 banks that are currently offering 8% or more interest on deposits. Here... by newsworm | Jan 17, 2025 | Banking, Central Bank of India, RBI
Research conducted by central bank researchers suggests that “judicious interventions” can help minimize currency volatility by counteracting capital flows, rather than policy rate or inflation differentials, which have a greater impact on exchange rates... by newsworm | Jan 17, 2025 | Bank of Baroda, Banking
Bank of Baroda, a leading public sector bank in India, has successfully raised Rs. 5,000 crore through the issuance of 10-year infrastructure bonds. The bank received a strong response from investors, with a cumulative demand of Rs. 14,830 crore from 110 bids. This... by newsworm | Jan 17, 2025 | Banking, Central Bank of India
In a recent judgment, the National Company Law Appellate Tribunal (NCLAT) has clarified that the Debt Recovery Tribunal (DRT) proceedings do not bar the filing of an application under Section 7 of the Insolvency and Bankruptcy Code (IBC) for insolvency resolution of a... by newsworm | Jan 17, 2025 | Banking, IDFC Bank
IDFC FIRST Bank has made a significant milestone in its journey to become a comprehensive universal bank by integrating with the Central Board of Direct Taxes (CBDT) to collect direct taxes. This integration allows customers to pay their income taxes through various... by newsworm | Jan 17, 2025 | Banking
Here is a summary of the content in 400 words: YES Bank, in partnership with the Reserve Bank Innovation Hub (RBIH) and S.P. Jain Institute of Management and Research (SPJIMR), launched the Frictionless Finance Accelerator Programme on National Startup Day. The... by newsworm | Jan 17, 2025 | Banking, DCB Bank
DCB Bank has allocated 15 billion Tanzanian shillings (approximately $6.5 million USD) this year to provide loans to small-scale entrepreneurs, with a focus on women, youth, and people with disabilities. The bank’s Director of Audit, Emmanuel Barenga, stated... by newsworm | Jan 17, 2025 | Bandhan Bank, Bank of Maharashtra, Banking, Canara Bank, Central Bank of India, Equitas Small Finance Bank, IDFC Bank, Jana Small Finance Bank, RBL Bank, Standard Chartered, Suryoday Small Finance Bank, Utkarsh Small Finance Bank
Here is a summary of the article in 400 words: The interest rates on Fixed Deposits (FDs) in India have recently increased, with a significant number of banks offering attractive rates. Small finance banks have been leading the way, offering higher rates compared to... by newsworm | Jan 17, 2025 | Banking, Indian Bank, Punjab National Bank, Union Bank of India
Shantanu Kumar, a prominent banker, has been appointed as the new Managing Director and Chief Executive Officer of Indian Bank. He is currently serving as MD and CEO of Punjab National Bank (PNB), a top lender in India. The appointment is effective from February 1,... by newsworm | Jan 17, 2025 | Banking, Canara Bank
The UT State Consumer Disputes Redressal Commission in Chandigarh has ordered Canara Bank’s Sector 47 branch to pay a compensation of Rs 96,000 to a retired army officer, Lt Col (Retd) Vipin Bakshi, for mishandling his car loan account. The commission found that...