by Team Small News | Apr 9, 2025 | Banking, Indian Bank, Punjab National Bank, RBI, UCO Bank
In response to the Reserve Bank of India’s (RBI) decision to reduce its short-term lending rate (repo rate) on Wednesday, four public sector banks have announced a reduction in their lending rates. Punjab National Bank (PNB), Bank of India, Indian Bank, and UCO...
by Team Small News | Apr 9, 2025 | Banking, Canara Bank, Indian Bank
The National Company Law Appellate Tribunal (NCLAT) has ruled that state-owned Canara Bank and Indian Bank can pursue legal proceedings against former IL&FS directors who are not part of the new board to declare them as wilful defaulters. However, the tribunal... by Team Small News | Apr 8, 2025 | Banking, Canara Bank, Indian Bank, RBI
The National Company Law Appellate Tribunal (NCLAT) has ruled that state-owned Canara Bank and Indian Bank can pursue proceedings against former directors of Infrastructure Leasing & Financial Services (IL&FS) who are not part of the new board to declare...
by Team Small News | Apr 7, 2025 | Banking, Indian Bank
Ashok Leyland, a leading commercial vehicle manufacturer in India, has signed a Memorandum of Understanding (MoU) with Indian Bank to provide financing solutions for its Medium and Heavy Commercial Vehicle (M&HCV) dealers. The partnership aims to deliver tailored...
by Team Small News | Apr 6, 2025 | Banking, Canara Bank, Indian Bank, State Bank of India
The Electricity Department of the Andaman and Nicobar Islands has announced that consumers can now transfer their electricity security deposits from the Andaman and Nicobar State Cooperative Bank (ANSCB) to any of the solvent Public Sector Banks operating in the...
by Team Small News | Apr 2, 2025 | Banking, Indian Bank, South Indian Bank
South Indian Bank reported a 10% growth in gross advances, standing at Rs 88,447 crore at the end of FY25. In contrast, the bank’s deposits grew at a slower pace of 5.5%, reaching Rs 1.08 lakh crore. The bank’s current and savings account (CASA) deposits...