by Team Small News | May 14, 2025 | Axis bank, Bank of Maharashtra, Canara Bank, HDFC Bank, ICICI Bank, RBI, Union Bank of India
The Reserve Bank of India (RBI) has mandated that all retail floating-rate loans, including home loans, be linked to an external benchmark, typically the RBI’s repo rate, since October 1, 2019. This means that when the RBI reduces the repo rate, banks are... by Team Small News | May 13, 2025 | Axis bank, Central Bank of India, RBI
The Reserve Bank of India (RBI) is expected to transfer a significant dividend to the government, ranging from Rs 2.25 lakh crore to Rs 2.75 lakh crore. This payout will inject fresh liquidity into the banking system, raising surplus funds to between Rs 5.5 lakh crore...
by Team Small News | May 11, 2025 | RBI, State Bank of India
The State Bank of India (SBI) has recently lowered the interest rates on its savings schemes, including its Fixed Deposit (FD) scheme, following the Reserve Bank of India’s (RBI) repo rate cut. However, the SBI FD scheme still offers attractive interest rates,... by Team Small News | May 11, 2025 | Canara Bank, RBI
Canara Bank, a state-owned bank, has reduced its Marginal Cost of Funds-Based Lending Rate (MCLR) by 10 basis points (0.10 percentage points) across all tenors, effective from April 12. This reduction makes loans linked to the MCLR benchmark cheaper for consumers. The... by Team Small News | May 9, 2025 | RBI
The Reserve Bank of India (RBI) has lifted the restrictions imposed on Pimpri Chinchwad Cooperative Bank, a significant development for the cooperative banking sector. The bank, based in Pune, had been under the Supervisory Action Framework (SAF) for several years due...
by Team Small News | May 6, 2025 | Central Bank of India, RBI, State Bank of India
The Reserve Bank of India (RBI) has taken steps to stimulate economic growth by lowering policy interest rates. In February and April, the central bank reduced interest rates by 25 basis points each, aiming to boost economic activity. This move is expected to have a...