by newsworm | Apr 2, 2025 | Au Small Finance Bank, Banking
AU Small Finance Bank (AU SFB) and Fincare Small Finance Bank recently merged, marking a significant milestone in the Indian banking industry. The merger, which took place on April 1, 2024, was a complex and challenging process that required meticulous planning and...
by newsworm | Apr 2, 2025 | Banking, HDFC Bank
HDFC Bank Limited is a major player in the Indian banking industry, offering a wide range of financial products and services. The bank’s income is primarily generated through retail banking, corporate banking, and market banking, with a smaller proportion coming...
by newsworm | Apr 2, 2025 | Banking, Indian Bank, South Indian Bank
South Indian Bank reported a 10% growth in gross advances, standing at Rs 88,447 crore at the end of FY25. In contrast, the bank’s deposits grew at a slower pace of 5.5%, reaching Rs 1.08 lakh crore. The bank’s current and savings account (CASA) deposits...
by newsworm | Apr 2, 2025 | Banking, Central Bank of India, Standard Chartered
The article discusses the expected persistence of uncertainty in global trade policy, despite the approaching “Liberation Day” on April 2. According to Standard Chartered’s economist Madhur Jha, the heightened trade policy uncertainty (TPU) is likely...
by newsworm | Apr 2, 2025 | Banking, Ujjivan Small Finance Bank
Ujjivan Small Finance Bank, a private lender based in Bengaluru, has announced its quarterly earnings schedule for Q4 2025. According to the announcement, the bank will be releasing its fourth-quarter financial results for the period ending December 31, 2025, on a...
by newsworm | Apr 2, 2025 | Bank of Baroda, Banking, Central Bank of India, Indian Overseas Bank, Punjab & Sind Bank, UCO Bank
Four major public sector banks in India, including Bank of Baroda, Central Bank of India, Indian Overseas Bank, and UCO Bank, have joined PSBXchange, a unified Supply Chain Finance (SCF) platform. This platform, powered by Veefin Solutions, aims to streamline supply...
by newsworm | Apr 2, 2025 | Banking, Jana Small Finance Bank, Suryoday Small Finance Bank, Utkarsh Small Finance Bank
As a senior citizen, it’s essential to make investments with your hard-earned cash in a relaxed and rewarding way. Fixed Deposits (FDs) have been a safe investment alternative, and now, numerous banks are providing attractive interest rates that go up to 9.1%... by newsworm | Apr 2, 2025 | Banking, RBI
The Reserve Bank of India (RBI) is set to continue its bond buying efforts in April, aiming to lower bond yields and pave the way for potential interest rate cuts. This move has already led to a 15-point decline in the 10-year bond yield in March, the largest drop in...
by newsworm | Apr 2, 2025 | Banking
TVS Capital Funds (TCF), a growth private equity fund manager, has appointed Shyam Srinivasan as a senior advisor and operating partner. Srinivasan, a former CEO of Federal Bank, brings over three decades of experience in banking and financial services. His...
by newsworm | Apr 2, 2025 | Banking, Central Bank of India, Punjab & Sind Bank
The Central Bank of India has entered into a Memorandum of Understanding (MoU) with PSB Alliance Private Limited, a leading digital supply chain finance company, to offer digital supply chain finance solutions. The agreement was signed on March 27, 2025, by Mr. S.S....