by newsworm | Feb 10, 2025 | Banking, Indian Bank, Karur Vysya Bank, RBI, UCO Bank
State-owned Uco Bank has announced a hike in its one-year marginal cost-based lending rate (MCLR) by 5 basis points, effective from Monday. This move comes despite the Reserve Bank of India’s (RBI) decision to reduce its policy repo rate by 25 basis points, a... by newsworm | Feb 7, 2025 | Axis bank, Banking, Indian Bank
International Finance Corporation (IFC), a member of the World Bank Group, is reportedly in talks to provide a loan of up to $500 million to India’s Axis Bank. The deal, if finalized, would be one of the largest foreign investments in an Indian bank in recent... by newsworm | Feb 6, 2025 | Banking, Indian Bank, South Indian Bank
South Indian Bank (SIB) has launched two specialized startup current accounts to support entrepreneurs in India. The SIB Business Startup Current Account and SIB Corporate Startup Current Account are designed to cater to the unique needs of startups, providing a range... by newsworm | Feb 6, 2025 | Banking, ICICI Bank, Indian Bank
The Economic Offences Wing (EOW) of Crime Branch in Bhubaneswar, India, has arrested a couple, Ashirbad Pattnaik and his wife Manogyan Pattnaik, for allegedly cheating a private bank, ICICI Bank, to the tune of Rs 1.3 crore. The accused couple, allegedly, fraudulently... by newsworm | Feb 5, 2025 | Banking, Indian Bank
Indian Bank, a public sector bank, is partnering with IIT Madras to host a hackathon focused on cyber security and fintech in April this year. The hackathon aims to tackle key issues in these domains, including endpoint security, fraud prevention, and advanced fraud... by newsworm | Feb 3, 2025 | Bank of Baroda, Bank of Maharashtra, Banking, Canara Bank, Central Bank of India, Indian Bank, Punjab National Bank, UCO Bank
Here is a summary of the content in 400 words: The Institute of Banking Personnel Selection (IBPS) has increased the vacancy numbers for its Probationary Officer (PO) and Clerical Cadre (Clerk) recruitment for 2024-25. The PO vacancies have risen from 3,955 to 5,888,...