by newsworm | Mar 13, 2025 | Banking, Punjab National Bank, RBI, UCO Bank, Union Bank of India
Here is a summary of the content in 400 words: The Indian Banks’ Association (IBA) has announced that Atul Kumar Goel has taken over as its new Chief Executive (CE). With over three decades of experience in the banking sector, Goel brings a wealth of knowledge... by newsworm | Mar 13, 2025 | Banking, IDBI Bank, Indian Bank, State Bank of India
As of this month, five guaranteed schemes will be discontinued, including three schemes from State Bank of India (SBI) and two from IDBI Bank and Indian Bank. These schemes offer various investment plans with different tenures and interest rates. Here’s a... by newsworm | Mar 13, 2025 | Banking, ESAF Small Finance Bank, Suryoday Small Finance Bank, Utkarsh Small Finance Bank
The Reserve Bank of India’s recent 25 basis points cut in the repo rate has triggered a surge in interest rates offered by small finance banks (SFBs), making them attractive options for fixed deposit (FD) investors seeking higher returns. These SFBs, designed to... by newsworm | Mar 13, 2025 | Axis bank, Banking
Here is a summary of the content in 400 words: On International Women’s Day, Axis Bank and actress Shefali Shah have joined forces to call out hollow gestures made towards women. In a unique partnership, they have launched a campaign that encourages people to... by newsworm | Mar 13, 2025 | Banking, Karur Vysya Bank, State Bank of India
Shri Sankar Balabhadrapatruni has been appointed as the Executive Director of Karur Vysya Bank for a three-year term, effective March 12, 2023. The appointment was approved by the Reserve Bank of India under Section 35B of the Banking Regulation Act, 1949. With over... by newsworm | Mar 13, 2025 | Banking
Here is a summary of the content in 400 words: Ofcom, the UK’s media and telecommunications regulator, has published a consultation document proposing revisions to its Guidance for Public Service Broadcasters (PSBs) on commissioning independent productions. This... by newsworm | Mar 12, 2025 | Bank of Baroda, Banking, DCB Bank, IndusInd Bank
According to a recent article in The Economic Times, four banks are currently offering fixed deposit (FD) interest rates above 9%. This is significant, considering that the average FD interest rate in the Indian banking system is around 5.5-6.5%. The higher interest... by newsworm | Mar 12, 2025 | Banking, RBI
The Reserve Bank of India (RBI) has released a framework for recognizing Self-Regulatory Organizations (SROs) for the account aggregator (AA) ecosystem. The account aggregator ecosystem was introduced by the RBI in 2016 to facilitate the secure and seamless exchange... by newsworm | Mar 12, 2025 | Bank of Baroda, Banking, Canara Bank, HDFC Bank, IDBI Bank, Punjab National Bank, RBI
Here is a summary of the content in 400 words: As of March 2025, several leading Indian banks have revised their Marginal Cost of Funds-based Lending Rates (MCLR), which impacts borrowing costs for individuals and businesses. The Reserve Bank of India (RBI) introduced... by newsworm | Mar 12, 2025 | Banking
Jaiprakash Associates Ltd, which is currently undergoing an insolvency process, has announced that a consortium of lenders has transferred their outstanding loans to National Asset Reconstruction Company Ltd (NARCL). The consortium, which includes 22 banks and...