by newsworm | Mar 13, 2025 | Banking, ESAF Small Finance Bank, Suryoday Small Finance Bank, Utkarsh Small Finance Bank
The Reserve Bank of India’s recent 25 basis points cut in the repo rate has triggered a surge in interest rates offered by small finance banks (SFBs), making them attractive options for fixed deposit (FD) investors seeking higher returns. These SFBs, designed to... by newsworm | Mar 13, 2025 | Axis bank, Banking
Here is a summary of the content in 400 words: On International Women’s Day, Axis Bank and actress Shefali Shah have joined forces to call out hollow gestures made towards women. In a unique partnership, they have launched a campaign that encourages people to... by newsworm | Mar 13, 2025 | Banking, Karur Vysya Bank, State Bank of India
Shri Sankar Balabhadrapatruni has been appointed as the Executive Director of Karur Vysya Bank for a three-year term, effective March 12, 2023. The appointment was approved by the Reserve Bank of India under Section 35B of the Banking Regulation Act, 1949. With over... by newsworm | Mar 13, 2025 | Banking
Here is a summary of the content in 400 words: Ofcom, the UK’s media and telecommunications regulator, has published a consultation document proposing revisions to its Guidance for Public Service Broadcasters (PSBs) on commissioning independent productions. This... by newsworm | Mar 12, 2025 | Bank of Baroda, Banking, DCB Bank, IndusInd Bank
According to a recent article in The Economic Times, four banks are currently offering fixed deposit (FD) interest rates above 9%. This is significant, considering that the average FD interest rate in the Indian banking system is around 5.5-6.5%. The higher interest... by newsworm | Mar 12, 2025 | Banking, RBI
The Reserve Bank of India (RBI) has released a framework for recognizing Self-Regulatory Organizations (SROs) for the account aggregator (AA) ecosystem. The account aggregator ecosystem was introduced by the RBI in 2016 to facilitate the secure and seamless exchange... by newsworm | Mar 12, 2025 | Bank of Baroda, Banking, Canara Bank, HDFC Bank, IDBI Bank, Punjab National Bank, RBI
Here is a summary of the content in 400 words: As of March 2025, several leading Indian banks have revised their Marginal Cost of Funds-based Lending Rates (MCLR), which impacts borrowing costs for individuals and businesses. The Reserve Bank of India (RBI) introduced... by newsworm | Mar 12, 2025 | Banking
Jaiprakash Associates Ltd, which is currently undergoing an insolvency process, has announced that a consortium of lenders has transferred their outstanding loans to National Asset Reconstruction Company Ltd (NARCL). The consortium, which includes 22 banks and... by newsworm | Mar 12, 2025 | Bank of Maharashtra, Banking
The Bank of Maharashtra has issued an online invitation for the post of Chief Manager (Legal). There is only one vacancy for this position. The age limit for this role is 40 years. To be eligible, candidates must possess a Bachelor’s degree in law from a... by newsworm | Mar 12, 2025 | Banking, Punjab National Bank, RBI, State Bank of India
Punjab National Bank (PNB), the second-largest government bank, has made borrowing more accessible by reducing interest rates on retail loans by up to 25 basis points. This move follows the Reserve Bank of India’s (RBI) recent repo rate cut. PNB has slashed...