by Team Small News | Mar 16, 2025 | Banking, RBI, RBL Bank
According to Jaideep Iyer, Head of Strategy at RBL Bank, the Reserve Bank of India (RBI) should infuse more durable liquidity in the financial system to enable bankers and customers to benefit from its rate cuts. Despite the RBI’s recent rate cut, bulk deposit...
by Team Small News | Mar 15, 2025 | Au Small Finance Bank, Banking, Equitas Small Finance Bank, ESAF Small Finance Bank, RBI, Suryoday Small Finance Bank
The Reserve Bank of India (RBI) has established a special sector of the banking industry, known as small finance banks, which aims to promote financial inclusion for underserved segments of the economy. These banks are designed to provide access to banking services... by Team Small News | Mar 14, 2025 | Banking, RBI
India’s retail inflation rate eased to a seven-month low of 3.61% in February 2025, driven by a significant moderation in food inflation, particularly in perishable goods and protein-based food items. Food inflation fell below 4% for the first time in nearly two... by Team Small News | Mar 13, 2025 | Au Small Finance Bank, Banking, RBI
AU Small Finance Bank has announced a reduction in interest rates for fixed deposits (FDs) effective from March 10, 2025. The new interest rates range from 3.75% to 8.50% per annum for general customers, while senior citizens can earn interest rates ranging from 4.25%... by Team Small News | Mar 12, 2025 | Banking, RBI
The Reserve Bank of India (RBI) has released a framework for recognizing Self-Regulatory Organizations (SROs) for the account aggregator (AA) ecosystem. The account aggregator ecosystem was introduced by the RBI in 2016 to facilitate the secure and seamless exchange...
by Team Small News | Mar 12, 2025 | Banking, Punjab National Bank, RBI, State Bank of India
Punjab National Bank (PNB), the second-largest government bank, has made borrowing more accessible by reducing interest rates on retail loans by up to 25 basis points. This move follows the Reserve Bank of India’s (RBI) recent repo rate cut. PNB has slashed...