by Team Small News | Jun 12, 2025 | Indian Overseas Bank, RBI
The Indian Overseas Bank (IOB) has announced a significant reduction in its Repo Linked Lending Rate (RLLR) following a meeting of its Asset Liability Management Committee (ALCO) on Wednesday. The RLLR has been cut by 50 basis points, from 8.85% to 8.35%. This change... by Team Small News | Jun 12, 2025 | Punjab National Bank, RBI
Ashok Chandra, the Managing Director and CEO of Punjab National Bank (PNB), believes that the pressure on the bank’s Net Interest Margin (NIM) will ease in the third quarter of the current financial year. This is due to the reduction in policy rates by the...
by Team Small News | Jun 11, 2025 | Au Small Finance Bank, Bank of Baroda, Canara Bank, RBI, State Bank of India
The Q4 FY25 results season has come to a close, and an analysis by Trendlyne has revealed that 10 banks from the Nifty500 index have reported a decline in their non-performing assets (NPAs) for the quarter ending March 2025. These banks include some of the major... by Team Small News | Jun 9, 2025 | Bank of Baroda, HDFC Bank, RBI
The State-owned Bank of Baroda (BoB) has announced a reduction in its benchmark lending rate, linked to the repo rate, by 50 basis points. This move is in line with the Reserve Bank of India’s (RBI) recent rate cut. The bank’s Repo Linked Lending Rate...
by Team Small News | Jun 9, 2025 | Bank of Baroda, Bank of Maharashtra, HDFC Bank, Punjab National Bank, RBI, UCO Bank, Union Bank of India
Following the Reserve Bank of India’s (RBI) decision to cut the repo rate by 50 basis points, several major public sector banks have reduced their lending rates. The move aims to stimulate credit growth and support economic activity amid ongoing challenges. Bank...
by Team Small News | Jun 8, 2025 | RBI, UCO Bank
UCO Bank, a major public sector bank in India, has announced a 0.10% reduction in its Marginal Cost of Funds-Based Lending Rate (MCLR) across all tenures, effective June 10, 2025. This move follows the Reserve Bank of India’s (RBI) decision to cut the repo rate...