by newsworm | Feb 16, 2025 | Banking, ICICI Bank, RBI, Standard Chartered
The Reserve Bank of India (RBI) has approved the appointment of Prabdev (PD) Singh, a corporate banking veteran and former CEO of JP Morgan India, as the new CEO of Standard Chartered (StanC) in India and South Asia. Singh will take over from current CEO Zarin... by newsworm | Feb 12, 2025 | Banking, ICICI Bank, Jana Small Finance Bank
Here is a summary of the content in 400 words: Jana Small Finance Bank has appointed Sumit Aggarwal as the Head of Microfinance and Supply Chain (MSE) at the bank. Aggarwal has over 15 years of experience in the banking and financial services sector, with a strong... 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... by newsworm | Feb 11, 2025 | Axis bank, Bank of Baroda, Banking, HDFC Bank, ICICI Bank, Punjab National Bank
According to the provided data, the top interest rates offered by various banks in India for fixed deposits range from 7.75% to 7%. The interest rates vary based on the bank, deposit term, and the senior citizen category. For the one-year fixed deposit, the highest... by newsworm | Feb 10, 2025 | Banking, ICICI Bank, RBI, Ujjivan Small Finance Bank
Here is a summary of the content in 400 words: Ujjivan Small Finance Bank (SFB), a leading microfinance institution in India, has applied for a universal banking license from the Reserve Bank of India (RBI). This move aims to expand the bank’s services beyond... by newsworm | Feb 9, 2025 | Axis bank, Banking, HDFC Bank, ICICI Bank, RBI
The Reserve Bank of India (RBI) recently cut the repo rate by 25 basis points, which can have a trickle-down effect on fixed deposit interest rates offered by senior citizen deposit schemes. Repo rate is the rate at which the RBI lends money to banks, and changes in...