by newsworm | Jan 18, 2025 | Banking
Here is a summary of the article in 400 words: PNB MetLife India Insurance Company Limited has announced a strategic partnership with Saraswat Co-Operative Bank, India’s largest urban co-operative bank, to offer a range of life insurance solutions to the... by newsworm | Jan 18, 2025 | Bank of Baroda, Banking, Canara Bank, HDFC Bank, IDBI Bank, RBI, State Bank of India
India’s Monetary Policy Rate Committee (MPC) has decided to cut the overnight MCLR (Marginal Cost of Funding Last Republication) by 5 basis points (bps) from 9.20% to 9.15%. This change is effective from January 7, 2025. The other MLCRs (Marginal Cost of... by newsworm | Jan 18, 2025 | Banking, Jammu & Kashmir Bank
Here is a 400-word summary of the content: The Jammu and Kashmir (J&K) Bank Football Club won the 18th Christmas Gold Cup 2024-25 title by defeating J&K Police FC 4-1 in the final match at the Mini-Stadium Parade Ground, Jammu. This is the bank’s... 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...