by newsworm | Mar 13, 2025 | Banking, ICICI Bank, RBI
The article reports that the interest rates on fixed deposits (FDs) have risen to as high as 9.50% due to the Reserve Bank of India’s (RBI) move to increase the repo rate to 6.50% in May 2022. This has led to a hike in FD rates offered by various banks to... by newsworm | Mar 13, 2025 | Banking, RBI
The Reserve Bank of India (RBI) has taken steps to protect home loan borrowers from arbitrary charges. In 2012, the RBI issued a circular stating that banks cannot impose foreclosure charges or pre-payment penalties on home loans with floating interest rates extended... by newsworm | Mar 13, 2025 | Banking, Union Bank of India
Here is a 400-word summary: Union Bank of India has released the LBO LPT call letters for the recruitment of Local Bank Officers (LBO) on its official website, unionbankofindia.co.in. Candidates who were shortlisted can now download their call letters using their... by newsworm | Mar 13, 2025 | Banking, dbs
Here is a summary of the content in 400 words: DBS Bank, a leading financial services group in Asia, has reaffirmed its commitment to sustainable finance and inclusive economic development through its DBS Sustainability Report 2024. The report highlights the... by newsworm | Mar 13, 2025 | Au Small Finance Bank, Banking, RBI
AU Small Finance Bank has announced a reduction in interest rates for fixed deposits (FDs) effective from March 10, 2025. The new interest rates range from 3.75% to 8.50% per annum for general customers, while senior citizens can earn interest rates ranging from 4.25%... by newsworm | Mar 13, 2025 | Banking, Punjab National Bank
Punjab National Bank (PNB) has introduced a new scheme called Instant Personal Loan, which will allow customers to avail a loan of up to Rs 1,00,000 with minimal documentation and no guarantor required. The loan can be applied for online through the bank’s... 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...