by newsworm | Jan 6, 2025 | Banking, Equitas Small Finance Bank, ICICI Bank, IDFC Bank, Indian Bank, IndusInd Bank, Jana Small Finance Bank, RBL Bank, State Bank of India
Fixed deposits (FDs) remain a popular investment choice due to their assured returns, with interest rates ranging up to 9%. Small finance banks offer attractive interest rates, with North East Small Finance Bank offering 9% for FDs with maturities between 546 to 1111... by newsworm | Jan 6, 2025 | Banking, RBI
India’s foreign exchange reserves have declined for the 12th time in 13 weeks, according to the Reserve Bank of India (RBI). The reserves decreased by $4.112 billion to $640.279 billion in the week ending December 27. This represents a 10% drop from the all-time... by newsworm | Jan 6, 2025 | Bank of Baroda, Banking
Indian public sector banks, such as Union Bank, Bank of Baroda, and others, saw their stocks decline by up to 7% due to weak third-quarter (Q3) financial updates. The Nifty PSU Bank index, which tracks the performance of these banks, was the top sectoral laggard on... by newsworm | Jan 6, 2025 | Au Small Finance Bank, Banking, Capital Small Finance Bank, HDFC Bank, RBI
HDFC Bank, India’s largest private sector lender, has received approval from the Reserve Bank of India (RBI) to acquire up to a 9.5% stake in Kotak Mahindra Bank, AU Small Finance Bank, and Capital Small Finance Bank. The approval is valid until January 2, 2026.... by newsworm | Jan 6, 2025 | Banking
Fixed deposits (FDs) are a popular investment choice for conservative investors due to their reliable and consistent long-term returns. Investors deposit a lump sum and earn interest on the total amount, which is typically higher than what’s offered by a savings... by newsworm | Jan 6, 2025 | Banking, Central Bank of India, RBI
The Indian rupee fell to an all-time low on Monday, dipping to 85.82 against the US dollar, but the decline was limited due to likely intervention by the Reserve Bank of India (RBI). The currency had touched 85.8075 in late December. State-run banks were reportedly... by newsworm | Jan 6, 2025 | Banking
The Federal Bank Pune Marathon 2025 was held on January 5th, marking a significant milestone in Pune’s sporting and fitness culture. The event, with Milind Soman as its brand ambassador, attracted over 1,600 participants from across India, making it a premier... by newsworm | Jan 6, 2025 | Banking, Punjab & Sind Bank
Punjab & Sind Bank, a state-owned bank in India, is planning to launch an instant loan scheme for the MSME (Micro, Small & Medium Enterprises) sector, worth up to Rs25 lakh, this month. This is part of the bank’s initiative to increase credit... by newsworm | Jan 6, 2025 | Banking, State Bank of India
State Bank of India’s (SBI) decision to offer collateral-free study loans to students with a minimum annual income of Rs 6 lakh has set a new benchmark in the education loan market. This move is expected to push other lenders to follow suit, making it easier for... by newsworm | Jan 6, 2025 | Banking, Punjab & Sind Bank
The bank has initiated a transformative agenda, aiming to revolutionize the way it operates. As part of this initiative, it has introduced digital loan schemes for homes and vehicles. With these schemes, applicants can receive an in-principle approval within 15...