by newsworm | Feb 23, 2025 | Banking, RBI, Ujjivan Small Finance Bank
Ujjivan Small Finance Bank, one of India’s largest small finance banks, has announced its financial results for the first quarter of the current financial year (Q1 FY23). The bank reported a profit after tax (PAT) of Rs 301 crore, a 7% decline from the same... by newsworm | Feb 23, 2025 | Bank of Baroda, Banking, Central Bank of India, Punjab National Bank, RBI, State Bank of India
Punjab National Bank (PNB) has announced a rate cut of up to 25 basis points for retail loans, following the Reserve Bank of India’s (RBI) reduction of the repo rate. This means that customers can now access loans at more affordable rates, similar to State Bank... by newsworm | Feb 23, 2025 | Banking, RBI, RBL Bank
The Reserve Bank of India (RBI) has recently made significant changes to its policy, which has led several major banks to reduce their savings account interest rates. This has a significant impact on millions of customers who rely on their savings accounts for passive... by newsworm | Feb 21, 2025 | Bank of Baroda, Banking, Punjab National Bank, RBI, State Bank of India
Here is a 400-word summary of the article: The Reserve Bank of India’s (RBI) decision to cut its benchmark interest rate for the first time in nearly five years has put pressure on Indian banks to maintain their net interest margins (NIMs). The NIMs of the six... by newsworm | Feb 21, 2025 | Axis bank, Bank of Baroda, Banking, Canara Bank, Central Bank of India, HDFC Bank, ICICI Bank, IndusInd Bank, RBI, State Bank of India
The Reserve Bank of India (RBI) has issued an advisory to all banks handling government transactions, instructing them to remain open on March 31, 2025, a public holiday, to ensure that government transactions are completed. The move is aimed at ensuring that all... by newsworm | Feb 20, 2025 | Banking, Central Bank of India, RBI
The Reserve Bank of India (RBI) has rejected all bids for its auction of 91-day and 182-day treasury bills, amounting to Rs 26,000 crore, in an effort to ease liquidity in the banking system. This move comes as the RBI has been selling dollars in the foreign exchange...