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 | 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 7, 2025 | Au Small Finance Bank, Banking
AU Small Finance Bank Ltd. has announced plans to raise up to Rs 1,500 crore through non-convertible debentures (NCDs). The bank has received an in-principle approval from its board for the issuance of rated, listed, redeemable, subordinated, non-convertible lower... by newsworm | Feb 12, 2025 | Au Small Finance Bank, Axis bank, Banking, ESAF Small Finance Bank, HDFC Bank, ICICI Bank, Jana Small Finance Bank, RBI, State Bank of India, Utkarsh Small Finance Bank
The Reserve Bank of India (RBI) has reduced the repo rate to 6.25% after five years, which is likely to affect the interest rates offered by banks on fixed deposits (FDs). While the reduction in repo rate could lead to lower loan rates, it may also result in banks...