by Team Small News | Jul 19, 2025 | Canara Bank, Indian Bank, State Bank of India
The Electricity Department of the Andaman & Nicobar Islands has announced that consumers can now transfer their electricity security deposits from the Andaman & Nicobar State Cooperative Bank (ANSCB) to any of the 11 listed Public Sector Banks operating in...
by Team Small News | Jul 8, 2025 | Bank of Baroda, Canara Bank, Indian Bank, Punjab National Bank, State Bank of India
In a significant move, several major publicly listed banks in India have abolished the requirement of maintaining a minimum balance in savings accounts, thereby removing penalties for non-maintenance of the Average Monthly Balance (AMB). Banks such as Punjab National...
by Team Small News | Jun 28, 2025 | Bank of Baroda, Canara Bank, RBI, State Bank of India
The State Bank of India (SBI) is planning to raise ₹5,000 crore through tier-II bonds by August, according to a report. The move is part of the bank’s efforts to strengthen its capital base and meet the regulatory requirements. Tier-II bonds are a type of debt...
by Team Small News | Jun 11, 2025 | Au Small Finance Bank, Bank of Baroda, Canara Bank, RBI, State Bank of India
The Q4 FY25 results season has come to a close, and an analysis by Trendlyne has revealed that 10 banks from the Nifty500 index have reported a decline in their non-performing assets (NPAs) for the quarter ending March 2025. These banks include some of the major...
by Team Small News | Jun 4, 2025 | Bank of Baroda, Canara Bank, Punjab National Bank, State Bank of India
Punjab National Bank (PNB), the second-largest public sector lender, has revised its fixed deposit (FD) interest rates for general citizens and senior citizens. The bank now offers FD interest rates ranging from 3.5% to 6.9% for general citizens. The highest return of...
by Team Small News | Jun 3, 2025 | Canara Bank, Punjab National Bank
As of June 1, 2025, two state-owned banks, Punjab National Bank and Canara Bank, have updated their interest rates on fixed deposits. The changes apply to deposits less than ₹3 crore for general citizens, with senior citizens eligible for an additional 50 basis...