by newsworm | Dec 9, 2024 | Axis bank, Banking, Canara Bank, HDFC Bank, ICICI Bank, Punjab National Bank, RBI, State Bank of India, Union Bank of India
The Reserve Bank of India (RBI) has raised the cap on Foreign Currency Non-Resident (FCNR) deposit rates for tenors of 1-3 years to Alternate reference rate (ARR) + 400 bps. This move aims to stimulate foreign currency inflows and is effective until March 2025. FCNR... by newsworm | Dec 9, 2024 | Bank of Baroda, Banking, Punjab & Sind Bank, Punjab National Bank, State Bank of India, Union Bank of India
Public sector banks in India have written off loans worth Rs 42,035 crore in the first six months of the current fiscal, according to data presented in Parliament. The largest banks, including State Bank of India, Punjab National Bank, Union Bank of India, and Bank of... by newsworm | Dec 8, 2024 | Banking, State Bank of India, Union Bank of India
This article discusses the benefits of fixing deposits (FDs) as a safe investment option for senior citizens. A 3-year FD can help seniors grow their savings and achieve financial freedom. The article provides an overview of the latest FD rates offered by SBI, BOB,... by newsworm | Dec 5, 2024 | Banking, RBI, Union Bank of India
The Reserve Bank of India (RBI) has been actively working to manage currency volatility due to persistent dollar outflows from the equity market, which has pushed the Indian rupee to record lows. The RBI has been using its foreign exchange reserves to stabilize the... by newsworm | Dec 3, 2024 | Banking, Union Bank of India
The Union Bank of India has made a significant contribution to the GKNM Hospital in Coimbatore, Tamil Nadu, through its Corporate Social Responsibility (CSR) initiative. The bank has gifted a state-of-the-art Cath Lab (Catheterization Laboratory) to the hospital,... by newsworm | Dec 3, 2024 | Banking, Union Bank of India
The Union Bank of India’s regional office in Srikakulam, Andhra Pradesh, organized a community service initiative as part of their Empower Her and Power Him programme. The event focused on supporting vulnerable groups in the community, including elderly people...