by Team Small News | Apr 23, 2025 | Bank of Baroda, IDBI Bank, Punjab and Sind Bank, RBI, State Bank of India
Several banks in India have introduced or extended special fixed deposit (FD) schemes, offering investors attractive interest rates for specific durations. These schemes are similar to regular term deposits but are available only for a limited time and often come with...
by Team Small News | Apr 15, 2025 | HDFC Bank, ICICI Bank, RBI, State Bank of India
The article previews the fourth-quarter results of Indian banks, including HDFC Bank, ICICI Bank, and State Bank of India (SBI). Analysts expect these lenders to report muted earnings due to pressure on their net interest margins (NIMs). The main reasons for the...
by Team Small News | Apr 15, 2025 | Bank of Baroda, Punjab National Bank, RBI, State Bank of India
The Reserve Bank of India (RBI) has slashed its repo rate by 50 basis points, marking the end of the high interest rate regime in the country. This move has led to a cascade effect, with several banks, including public and private sector lenders, cutting their lending...
by Team Small News | Apr 14, 2025 | Bank of Maharashtra, RBI, State Bank of India
The State Bank of India (SBI), Bank of India, and Bank of Maharashtra have announced a reduction in their lending rates by 25 basis points (bps) following the Reserve Bank of India’s (RBI) decision to lower the repo rate last week. This move aims to make loans...
by Team Small News | Apr 13, 2025 | Axis bank, Bank of Baroda, HDFC Bank, ICICI Bank, Punjab National Bank, RBI, State Bank of India
HDFC Bank, India’s second-largest bank by assets, has reduced its interest rate on savings accounts by 25 basis points to 2.75%. This reduction is effective from April 12 and applies to savings accounts with balances less than Rs 50 lakh, earning an interest...
by Team Small News | Apr 12, 2025 | Axis bank, Bank of Baroda, HDFC Bank, ICICI Bank, IDBI Bank, IDFC Bank, Indian Bank, IndusInd Bank, State Bank of India
A major outage affected several UPI (Unified Payments Interface) apps on Saturday, preventing users from sending and receiving money. According to data from Downdetector, a website that tracks app outages, over 2,300 reports of UPI issues were submitted around 1 PM....