by Team Small News | Jun 8, 2025 | RBI, UCO Bank
UCO Bank, a major public sector bank in India, has announced a 0.10% reduction in its Marginal Cost of Funds-Based Lending Rate (MCLR) across all tenures, effective June 10, 2025. This move follows the Reserve Bank of India’s (RBI) decision to cut the repo rate...
by Team Small News | Jun 8, 2025 | Au Small Finance Bank
AU Small Finance Bank (AU SFB) has partnered with the International Finance Corporation (IFC) to integrate climate risk considerations into its core banking framework. The initiative aims to strengthen the bank’s resilience to climate-related financial risks and...
by Team Small News | Jun 8, 2025 | HDFC Bank
HDFC Bank has responded to allegations made by Lilavati Kirtilal Mehta Medical Trust, dismissing demands for the suspension and prosecution of its CEO, Sashidhar Jagdishan, as “malicious” and “preposterous”. The bank defended Jagdishan, stating... by Team Small News | Jun 7, 2025 | RBI
The Agri and All Trade Chamber has expressed its appreciation for the Reserve Bank of India’s (RBI) decision to reduce the repo rate from 6% to 5.5% and the cash reserve ratio (CRR) by 1%. According to S. Rethinavelu, the chamber’s president, this move is...
by Team Small News | Jun 7, 2025 | Bank of Baroda, Punjab National Bank, RBI, UCO Bank
UCO Bank has announced a reduction in its marginal cost of fund-based lending rate (MCLR) by 10 basis points across all tenures, following the Reserve Bank of India’s (RBI) decision to cut the repo rate. The reduced MCLR rates will come into effect from June 10....