by Team Small News | Apr 11, 2025 | Bank of Baroda, Banking, RBI
The State-owned Bank of Baroda (BoB) has announced that it will immediately transmit the Reserve Bank of India’s (RBI) latest policy rate cut of 25 basis points to its customers. This means that the bank’s external benchmark-linked lending rates for retail... by Team Small News | Apr 10, 2025 | Banking, Canara Bank, Indian Bank, RBI
The National Company Law Appellate Tribunal (NCLAT) has passed an order allowing state-owned Canara Bank and Indian Bank to proceed with declaring former directors of Infrastructure Leasing & Financial Services (IL&FS) as willful defaulters, but only if they...
by Team Small News | Apr 10, 2025 | Bank of Baroda, Banking, Indian Bank, Punjab National Bank, RBI, UCO Bank
The Bank of Baroda (BoB) has announced that it will pass on the benefits of the recent RBI rate cut to its customers immediately. Following the RBI’s decision to reduce the repo rate by 25 basis points, several public sector banks, including Punjab National... by Team Small News | Apr 9, 2025 | Banking, Central Bank of India, RBI
Indian Finance Minister Nirmala Sitharaman emphasized the government’s focus on maintaining strong domestic demand to ensure the underlying strength of the Indian economy. This comes amid concerns that US tariffs could lead to a global slowdown, which has also...
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, RBI
The Reserve Bank of India (RBI) has imposed a penalty of Rs 3.20 lakh on Citibank N A for failing to conduct proper due diligence while handling inward remittances from a foreign currency account opened by a constituent. The account was allegedly opened in violation...