by Team Small News | May 25, 2025 | Suryoday Small Finance Bank
As of May 21, 2025, senior citizens in India can earn interest rates of up to 9.1% on fixed deposits (FDs) for a five-year tenure, with a capital of up to Rs 3 crore. Several small finance banks are offering attractive interest rates, including Suryoday Small Finance... by Team Small News | May 25, 2025 | Jammu and Kashmir Bank, RBI
IIFL Finance, a non-banking financial company (NBFC), has received regulatory approvals to open branches and expand its credit services in the Union Territory of Jammu & Kashmir. This move aims to provide essential financial services to unbanked and underbanked...
by Team Small News | May 25, 2025 | RBI, Union Bank of India
According to a report by the Union Bank of India (UBI), the Indian economy is expected to grow at a rate of 7.0% in the fourth quarter of the financial year 2025, up from 6.2% in the third quarter. This growth is driven by an improvement in Gross Value Added (GVA)...
by Team Small News | May 25, 2025 | Central Bank of India, RBI, State Bank of India
The Reserve Bank of India (RBI) has made a record dividend payout of nearly Rs 2.7 trillion to the government, surpassing expectations. According to a report by the State Bank of India (SBI), this surplus transfer was made possible due to robust gross dollar sales,... by Team Small News | May 24, 2025 | IDBI Bank
The Crime Investigation Department (CID) of Telangana police has arrested a manager from IDBI bank in Mumbai in connection with a Rs 2.8 crore fraud case. The case, which was registered in 2021, involves the sanctioning of unauthorized loans to 305 individuals between...