by Team Small News | May 18, 2025 | Bank of Maharashtra, Punjab and Sind Bank, RBI, UCO Bank
The Reserve Bank of India (RBI) has reduced the repo rate twice this year, resulting in a decrease in interest rates on Fixed Deposits (FDs) offered by most banks, especially public sector banks. With inflation showing signs of easing, experts predict that the RBI may...
by Team Small News | May 14, 2025 | Axis bank, Bank of Maharashtra, Canara Bank, HDFC Bank, ICICI Bank, RBI, Union Bank of India
The Reserve Bank of India (RBI) has mandated that all retail floating-rate loans, including home loans, be linked to an external benchmark, typically the RBI’s repo rate, since October 1, 2019. This means that when the RBI reduces the repo rate, banks are... by Team Small News | May 3, 2025 | Axis bank, Bank of Baroda, Bank of Maharashtra, Central Bank of India, ICICI Bank, IDBI Bank, RBI
The Reserve Bank of India (RBI) has imposed penalties on five major banks, including ICICI Bank, Bank of Baroda, Axis Bank, IDBI Bank, and Bank of Maharashtra, for non-compliance with various regulatory directions. The penalties, ranging from ₹29.60 lakh to ₹97.80...
by Team Small News | Apr 14, 2025 | Bank of Maharashtra, RBI, State Bank of India
The State Bank of India (SBI), Bank of India, and Bank of Maharashtra have announced a reduction in their lending rates by 25 basis points (bps) following the Reserve Bank of India’s (RBI) decision to lower the repo rate last week. This move aims to make loans... by Team Small News | Apr 14, 2025 | Bank of Maharashtra, Indian Overseas Bank, RBI
The Bank of Maharashtra (BoM), a state-owned bank, has announced a reduction in its lending rate linked to the repo rate by 25 basis points. This move is in line with the Reserve Bank of India’s (RBI) recent decision to slash key interest rates by 25 basis...
by Team Small News | Apr 7, 2025 | Bank of Maharashtra, Banking
Bank of Maharashtra (BoM) has launched a new state-of-the-art banking facility in Kodad, Suryapet district, to cater to the banking needs of customers in the region. The new branch is the 76th for BoM in Telangana, covering 33 districts. The Kodad branch will offer a...