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 13, 2025 | Bank of Baroda, Canara Bank, Punjab National Bank
In a move that could provide relief to borrowers, three state-owned lenders – Bank of Baroda, Punjab National Bank (PNB), and Canara Bank – have announced reductions in their marginal cost of funds-based lending rates (MCLR) across various tenures. The... by Team Small News | May 11, 2025 | Canara Bank, RBI
Canara Bank, a state-owned bank, has reduced its Marginal Cost of Funds-Based Lending Rate (MCLR) by 10 basis points (0.10 percentage points) across all tenors, effective from April 12. This reduction makes loans linked to the MCLR benchmark cheaper for consumers. The...
by Team Small News | May 7, 2025 | Canara Bank, State Bank of India
The article discusses two special fixed deposit (FD) schemes offered by State Bank of India (SBI) and Canara Bank, which come with limited-time offers and higher interest rates compared to regular FDs. SBI’s Amrit Vrishti is a 444-day FD scheme that was launched...
by Team Small News | May 1, 2025 | Canara Bank
A Mumbai court has issued a non-bailable warrant against Mehul Choksi, a fugitive diamond merchant, in connection with a ₹55.27-crore loan fraud case involving Canara Bank. Choksi, who is currently residing in Antigua, has been accused of cheating and conspiracy along... by Team Small News | Apr 25, 2025 | Canara Bank, RBI
In a bid to ease the financial burden on its customers, Canara Bank has announced a reduction in its lending rates. The bank has lowered its Repo Linked Lending Rate (RLLR) by 25 basis points, following the Reserve Bank of India’s (RBI) recent decision to slash...