by newsworm | Mar 12, 2025 | Banking, Jana Small Finance Bank, RBI, Suryoday Small Finance Bank, Ujjivan Small Finance Bank, Utkarsh Small Finance Bank
In response to the Reserve Bank of India’s (RBI) recent 25 basis points repo rate cut, investors are seeking high-yield fixed deposit (FD) schemes. Small finance banks have emerged as a promising option, offering interest rates as high as 9% per annum for... by newsworm | Mar 12, 2025 | Banking, RBI
The Reserve Bank of India (RBI) has announced the release of new 100 and 200 rupee notes, which will be introduced into circulation soon. The new notes will feature the signature of RBI Governor Sanjay Malhotra and will have a design similar to the current Rs 100 and... by newsworm | Mar 12, 2025 | Banking, Indian Bank, South Indian Bank
On International Women’s Day, South Indian Bank launched a special coffee table book, “Women Like You”, which chronicles the inspirational stories of 52 remarkable women from various fields. The book was unveiled by Ms. Lakshmi Ramakrishna Srinivas,... by newsworm | Mar 12, 2025 | Banking, IDBI Bank
IDBI Capital Markets and Securities Ltd, a subsidiary of IDBI Bank, has secured capital commitments for two new alternative investment funds. The development was revealed by a source familiar with the matter to VCCircle. This news comes after VCCircle reported last... by newsworm | Mar 11, 2025 | Au Small Finance Bank, Banking, RBI
AU Small Finance Bank has reduced its fixed deposit (FD) interest rates for senior citizens and general citizens, effective March 10, 2025. The changes are a result of the Reserve Bank of India’s (RBI’s) reduction in the repo rate in February 2025. For... by newsworm | Mar 11, 2025 | Banking, Punjab National Bank
Punjab National Bank (PNB) has issued an essential update for its customers regarding Know Your Customer (KYC) updates. Customers are required to complete their KYC updates by March 26, 2025, to avoid any disruptions in transactions. Those who have not updated their... by newsworm | Mar 11, 2025 | Banking, Indian Bank
A recent survey conducted by FICO, a leading provider of analytics technology, found that two-thirds of Indian bank customers expect banks to compensate them if they fall victim to scams. The survey, which included 11,000 consumers across 14 countries, including... by newsworm | Mar 11, 2025 | Banking, Punjab & Sind Bank
A recent development in the digital identity and biometric services space, PSB (Portugal Banking Service) and MegaFon, a multinational telecommunications company, have partnered to expand citizens’ access to biometric services. This collaboration aims to promote... by newsworm | Mar 11, 2025 | Au Small Finance Bank, Banking, Jana Small Finance Bank, RBI, Suryoday Small Finance Bank, Ujjivan Small Finance Bank, Utkarsh Small Finance Bank
In the wake of the Reserve Bank of India’s recent 25-basis-point repo rate cut, investors are actively seeking fixed deposit (FD) schemes with attractive returns. Small finance banks, established to promote financial inclusion, are now offering interest rates as... by newsworm | Mar 11, 2025 | Banking, State Bank of India
The State Bank of India’s online services have been experiencing disruptions, with widespread issues reported with internet banking, mobile banking, and online login. According to outage tracking website Downdetector, over 800 users have reported issues, with...