Gross NPAs Under MUDRA Scheme Edge Up Slightly to 2.21% in FY25
The gross non-performing assets (GNPA) under the Pradhan Mantri Mudra Yojana (PMMY) rose marginally to 2.21% in 2024-25, compared to
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Banking News
FinMin Urges Banks to Expand Farm Credit Through Digital Platforms
The Union Finance Ministry has directed banks — including public sector, private sector, regional rural, and cooperative banks — to
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MTNL Defaults on Rs. 8,346 Crore Loans from PSU Banks
State-run telecom company Mahanagar Telephone Nigam Limited (MTNL) has defaulted on loans totaling Rs. 8,346.24 crore from seven public sector
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UPI Records Highest-Ever Monthly Transactions in January
Unified Payments Interface (UPI) transactions reached a new high in January 2025, crossing 16.99 billion in volume and Rs. 23.48
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FM Highlights Surge in Demand for Tech-Driven, Customised Banking
Finance Minister Nirmala Sitharaman has emphasised the growing demand for innovative and on-the-go banking services in India, driven by favourable
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Federal Bank Introduces Long-Term Annuity Deposit Scheme
Federal Bank has launched a new term deposit product, Annuity Deposits, offering resident customers a structured income over periods ranging
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PD Singh Appointed as India CEO of Standard Chartered Bank
Standard Chartered has named PD Singh as its new Chief Executive Officer for India, effective April 1, 2025. He succeeds
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SBI Reduces Lending Rates Following RBI’s Repo Cut
State Bank of India (SBI), the country’s largest public sector bank, has lowered its home loan interest rate by 25
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UCO Bank Adds 40 Branches on Its 83rd Foundation Day
UCO Bank celebrated its 83rd Foundation Day on January 6, 2025, by inaugurating 40 new branches and one RSETI. The
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Bank Officers Union Threatens Nationwide Strike in February 2025
The All India Bank Officers’ Confederation (AIBOC) has announced a nationwide strike on February 24-25, 2025, to press for demands
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