by Team Small News | Jun 1, 2025 | Axis bank, Suryoday Small Finance Bank
Starting June 1, several significant financial changes are being implemented in India, aimed at enhancing transparency, efficiency, and consumer convenience. One of the notable changes is the launch of EPFO 3.0, a digitized platform by the Employees’ Provident...
by Team Small News | May 25, 2025 | Suryoday Small Finance Bank
As of May 21, 2025, senior citizens in India can earn interest rates of up to 9.1% on fixed deposits (FDs) for a five-year tenure, with a capital of up to Rs 3 crore. Several small finance banks are offering attractive interest rates, including Suryoday Small Finance...
by Team Small News | May 16, 2025 | Jana Small Finance Bank, RBI, Suryoday Small Finance Bank, Utkarsh Small Finance Bank
In 2025, the Reserve Bank of India (RBI) reduced the repo rate by 50 basis points, leading to a decrease in lending and deposit rates across the banking sector. As a result, many major banks have lowered interest rates on fixed deposits (FDs), affecting the returns...
by Team Small News | Apr 24, 2025 | Au Small Finance Bank, Equitas Small Finance Bank, HDFC Bank, ICICI Bank, Jana Small Finance Bank, RBI, State Bank of India, Suryoday Small Finance Bank
The recent repo rate cut by the Reserve Bank of India (RBI) has led to a reduction in fixed deposit (FD) interest rates by big banks such as SBI, HDFC, ICICI, and Yes Bank. However, some small finance banks are still offering attractive interest rates of up to 9.10%...
by Team Small News | Apr 2, 2025 | Banking, Jana Small Finance Bank, Suryoday Small Finance Bank, Utkarsh Small Finance Bank
As a senior citizen, it’s essential to make investments with your hard-earned cash in a relaxed and rewarding way. Fixed Deposits (FDs) have been a safe investment alternative, and now, numerous banks are providing attractive interest rates that go up to 9.1%...
by Team Small News | Mar 30, 2025 | Banking, RBI, Suryoday Small Finance Bank
Suryoday Small Finance Bank (SSFB) has successfully completed a deal to sell a stressed loan portfolio worth ₹80.59 crores to Edelweiss Asset Reconstruction Company Ltd. (EARC). As of February 28, 2025, the principal outstanding value of the loan portfolio was ₹80.59...