by newsworm | Dec 23, 2024 | Axis bank, Banking
The Nagpur bench of the Bombay High Court has upheld the acquittal of four accused in the 2013 Axis Bank robbery case, involving a loot of ₹2,36,50,000. The court criticized the investigation officer for significant lapses and inadequate witnesses. The robbery... by newsworm | Dec 23, 2024 | Banking, Indian Overseas Bank
A major theft occurred at the Indian Overseas Bank branch in Lucknow, India, over the weekend. Thieves gained access to the bank by breaking through two walls from an adjacent empty plot. They opened 42 lockers and stole jewelry and other valuables. The exact amount... by newsworm | Dec 22, 2024 | Banking, HDFC Bank
HDFC Bank, India’s largest private sector bank, has partnered with Harley-Davidson to launch a new range of co-branded credit cards. The cards are designed to amplify the Harley-Davidson brand experience for H.O.G. members and enthusiasts in India. The two... by newsworm | Dec 22, 2024 | Banking, IDBI Bank, Punjab & Sind Bank
Punjab & Sind Bank and IDBI Bank are offering attractive interest rates on their special fixed deposits, a good option for investors seeking higher returns. However, to take advantage of these rates, one must invest before the deadline ends. The last date to... by newsworm | Dec 22, 2024 | Axis bank, Banking
Axis Bank’s CEO Amitabh Chaudhry has called for unifying various pension products under a single regulator to address the fragmented landscape in India. Chaudhry, speaking at the launch of the Association of NPS Intermediaries, noted that the current situation,... by newsworm | Dec 22, 2024 | Banking, Canara Bank, HDFC Bank, ICICI Bank, State Bank of India
Fixed Deposit (FD) rates vary among banks, with some banks offering higher rates to senior citizens. An FD is a type of deposit where you invest a lump sum amount for a fixed period, but you can withdraw the initial amount prematurely or at maturity. This article will... by newsworm | Dec 22, 2024 | Banking, Canara Bank
Canara Bank, a public sector bank, announced its financial results for the quarter ended December 31, 2022 (Q4 FY23). The bank reported a significant jump in profits, with a profit of ₹2,419 crore, an 18% year-on-year increase from ₹2,044 crore in the same period last... by newsworm | Dec 22, 2024 | Bank of Maharashtra, Banking, Equitas Small Finance Bank, Karnataka Bank, RBL Bank
The article provides an update on fixed deposit (FD) interest rates offered by several Indian banks, including RBL Bank, Karnataka Bank, Bank of Maharashtra, Equitas Small Finance Bank, and Federal Bank. The rates are effective from December 2024 and apply to deposits... by newsworm | Dec 22, 2024 | Banking, RBI
The Reserve Bank of India (RBI) is introducing several modifications to Non-Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs) effective January 2025. These changes aim to provide more options and security for depositors without compromising the... by newsworm | Dec 22, 2024 | Banking, Jammu & Kashmir Bank
J&K Bank has launched the “Kisan Adhikar Abhiyan” campaign, a mission-mode mission to achieve 100% saturation of the Kisan Credit Card (KCC) scheme. The campaign aims to bring all eligible PM-Kisan beneficiaries under the KCC fold and enhance the...