Banksnews
Bank loan sanctions to MSMEs for job creation down nearly a third in FY25
Bank loans sanctioned to MSMEs increased in FY22 in the wake of the covid-19 pandemic, and continued to increase till FY24. The decline is significant since MSMEs contribute around 29% to India’s GDP.
3 min read2 Jun 2025FD interest rates: THESE 6 banks offer highest rates on long tenure deposits
It is recommended to compare the interest rates offered by different banks before you choose the one which gives you the highest rate
1 min read2 Jun 2025EPFO reforms: Getting PF dues shouldn’t require special services
The fact that a fintech service industry has sprouted to help people get their provident fund (PF) claims met reflects poorly on the Employees’ Provident Fund Organization (EPFO). India’s state-run retirement fund needs a big leap in subscriber orientation.
3 min read27 May 2025Sword of Damocles hangs over Vodafone Idea’s bank guarantees
For India's weakest telecom operator, last week's SC ruling denying relief on AGR-related dues opens up another vulnerability: the potential invocation of its ₹6,000 crore bank guarantees.
4 min read28 May 2025HDFC Bank, Axis to Kotak Bank: Why did ICICI Sec downgrade these top private lenders? Explained
Dalal Street darlings HDFC Bank, Axis Bank, and Kotak Mahindra Bank have just been downgraded by leading domestic brokerage ICICI Securities from 'Buy' to 'Add' amid weaker near-term performance expectations, especially around earnings growth.
3 min read27 May 2025EPFO alert! Can transfer claims be rejected for overlapping service period? Check official clarification here
EPFO clarified that overlapping service periods should not be grounds for rejecting employee transfer claims.
1 min read26 May 2025How big banks can profit from bond market angst
Lenders face plenty of risks, but rising longer-term interest rates can work to their advantage.
3 min read26 May 2025RBI cut bets cap upward move in bond yields post central bank's surplus letdown
The yield on the new benchmark 10-year bond was at 6.2124% as of 10:00 a.m. IST, compared with the previous close of 6.2107%. The 2034 bond yield was at 6.2553% after settling at 6.2520% on Friday.
1 min read26 May 2025Is EPF advisory the next fintech goldmine?
Worked multiple jobs only to see your hard-earned money stuck with the EPFO with no way of getting it out? Well, help may be at hand. Read on to see how you may finally be able to claim what is rightfully yours.
9 min read25 May 2025RBI’s ₹2.7 trillion: Many benefits arise from one big beautiful surplus
The record transfer of Reserve Bank of India’s surplus to the Centre, despite an enlarged contingency buffer, strikes a fine balance between caution and heedfulness. It strengthens RBI as well as the government’s fiscal position. That’s good news for the economy.
3 min read26 May 2025