by Team Small News | May 14, 2025 | Axis bank, Bank of Maharashtra, Canara Bank, HDFC Bank, ICICI Bank, RBI, Union Bank of India
The Reserve Bank of India (RBI) has mandated that all retail floating-rate loans, including home loans, be linked to an external benchmark, typically the RBI’s repo rate, since October 1, 2019. This means that when the RBI reduces the repo rate, banks are...
by Team Small News | May 5, 2025 | Union Bank of India
The Indian Rupee (INR) has seen a shift in sentiment in recent weeks, becoming more favorable despite ongoing global uncertainties and volatility, according to a report by Union Bank of India. The Dollar Index (DXY) is expected to stabilize at current levels, which...
by Team Small News | May 5, 2025 | RBI, RBL Bank, Union Bank of India
Several banks in India have been increasing interest rates on fixed deposits (FDs) to attract customers and stay competitive in the market. Two banks, RBL Bank and Union Bank of India, are offering high interest rates of up to 8.5% on FDs to select customers. This...
by Team Small News | Apr 24, 2025 | Central Bank of India, RBI, Union Bank of India
The minutes of the Monetary Policy Committee (MPC) meeting, held on April 7-9, reflect a dovish tone, with growth taking center stage in the Reserve Bank of India’s (RBI) policy approach. The MPC appears more confident that inflation will move towards the 4%...
by Team Small News | Apr 10, 2025 | Banking, Union Bank of India
According to a report by Union Bank of India, wholesale price index (WPI) inflation is expected to ease to 2.1% year-on-year in March 2025, down from 2.4% in February. This moderation is mainly attributed to a seasonal decline in food prices, particularly in the...
by Team Small News | Apr 9, 2025 | Banking, Union Bank of India
The Union Bank of India has opened a new zonal office in Coimbatore, Tamil Nadu. This move is a part of the bank’s expansion plan to increase its presence in the Southern region. The inauguration of the new zonal office was attended by Union Bank of...