by newsworm | Feb 5, 2025 | Au Small Finance Bank, Banking, RBI, Ujjivan Small Finance Bank
Ujjivan Small Finance Bank (USFB) has made a significant move by applying for a universal banking licence, paving the way for it to become a full-fledged commercial bank. This strategic decision aligns with the bank’s plan to expand its financial services,... by newsworm | Feb 5, 2025 | Banking, RBI, State Bank of India
A new analysis by SBI Research predicts that the Reserve Bank of India (RBI) is likely to embark on a monetary policy shift in the first half of 2025, with expected interest rate reductions totaling 75 basis points. The report forecasts a moderate 25 basis point cut... by newsworm | Feb 5, 2025 | Banking, Indian Bank, South Indian Bank
South Indian Bank (SIB) has launched two specialized startup current account products, SIB Business Startup Current Account and SIB Corporate Startup Current Account, aimed at boosting the startup ecosystem in India. The launch event was attended by key dignitaries,... by newsworm | Feb 5, 2025 | Banking, Indian Overseas Bank
Indian Overseas Bank (IOB) has become a signatory to the Partnership for Carbon Accounting Financials (PCAF), a global initiative to measure and disclose the greenhouse gas emissions associated with its financed activities. This move aligns with IOB’s vision to... by newsworm | Feb 5, 2025 | Banking, ESAF Small Finance Bank
ESAF Small Finance Bank has inaugurated its first branch in Kohima, the capital city of Nagaland. This marks a significant milestone for the bank, which aims to expand its reach and provide financial services to underserved communities. The new branch is located at... by newsworm | Feb 5, 2025 | Banking, HDFC Bank
HDFC Bank has launched the eighth edition of its Parivartan Startup Grants program, which aims to support startups working in the social impact space. This year, the program has partnered with 15+ incubators and accelerators to identify and fund 50-60 startups. The... by newsworm | Feb 5, 2025 | Banking, Indian Bank
Indian Bank, a public sector bank, is partnering with IIT Madras to host a hackathon focused on cyber security and fintech in April this year. The hackathon aims to tackle key issues in these domains, including endpoint security, fraud prevention, and advanced fraud... by newsworm | Feb 5, 2025 | Banking, Jammu & Kashmir Bank
The Jammu and Kashmir Bank organized a day-long awareness camp on the High Density Apple Plantation (HDP) scheme at the Govt. Degree College in Pulwama, aimed at promoting advanced agricultural practices in the region. The camp brought together various stakeholders,... by newsworm | Feb 4, 2025 | Banking, RBI, Ujjivan Small Finance Bank
Ujjivan Small Finance Bank (SFB) has filed an application with the Reserve Bank of India (RBI) to obtain a universal bank license. This move marks a significant step forward for the bank, which aims to provide a wider range of banking services to its customers. The... by newsworm | Feb 4, 2025 | Banking, RBI
The Ministry of Finance, Pankaj Chaudhary, informed the Rajya Sabha that as of March 2024, there were 2,664 unique borrowers, excluding individuals and overseas borrowers, classified as wilful defaulters. This number has decreased from 160 in the FY22 to 42 in FY24,...