Banking News Update

Banking News Update Blogspot. A Complete Banking Guide... Bank of Baroda, Allahabad Bank, Andhra Bank, Bank of India, Bank of Maharashtra, Canara Bank, Central...

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Banking-news-update.blogspot.com news digest

  • 1 day

    Govt receives fin bids for IDBI’s strategic selloff

    The government has received financial bids for the strategic disinvestment of IDBI Bank, marking significant progress in the stake sale. This move, involving a combined 60.7% stake sale by the government and LIC, is expected to fetch around Rs 33,00...

  • 1 day

    Cyber scammed? RBI plans compensation up to Rs 25,000

    The RBI is set to introduce new rules to protect bank customers. Small digital fraud victims could receive up to Rs 25,000 compensation. Stricter guidelines will also target mis-selling of financial products and aggressive loan recovery practices. These...

  • 2 days

    RBI keeps rates steady, positive on growth and inflation

    The Reserve Bank of India has maintained the policy repo rate at 5.25%, opting for status quo. While external challenges are mounting, domestic economic conditions remain strong. The central bank has slightly revised upwards its near-term growth and...

  • 2 days

    Rupee in green: Currency rises 9 paise to 90.25 against US dollar

    The Indian Rupee saw a slight gain against the US dollar, buoyed by trade deal optimism but tempered by caution ahead of the RBI's monetary policy. Stock markets mirrored this hesitant mood, opening lower as investors await the central bank's decision...

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