Bank customers are set to face a three-day break in mid-August 2025, with bank branches across several states remaining closed from Friday, August 15, to Sunday, August 17. Independence Day holiday on August 15 On August 15, banks nationwide will remain closed to mark Independence Day — a national holiday commemorating India’s freedom from British…
By removing these charges, the bank hopes to further support inclusive growth and strengthen its engagement with underbanked and underserved communities. The bank stated that the decision aims to ensure uniformity and fairness in banking services. Source link
For non-banking finance companies (NBFCs), education loans have been the fastest-growing asset class, clocking over 50 per cent growth in the assets under management (AUM) over the past few years. According to Crisil Ratings, that pace is set to halve this fiscal as disbursements for pursuing educational courses in the US decelerate following a raft…
PSU Bank of Baroda on Sunday (July 6) announced that it will waive all charges for non‑maintenance of the Monthly Average Balance (MAB) in its standard Savings Account schemes, effective July 1, 2025. Under this customer‑friendly initiative, account holders will no longer incur penalties for MAB shortfalls. However, the PSU bank also said that the…
The stress in short-term unsecured loans and microfinance segments could push credit costs of the banks upward in the Financial Year (FY) 2026, according to a report by CareEdge Ratings. However, the report added that since banks already have strong provision buffers or high provision coverage ratios, they are well-positioned to absorb these potential losses….
Bank of Baroda (Bank), one of India’s leading public sector banks, has announced the reduction in its Repo Linked Lending Rate by 50 basis points following the policy rate cut announced by the Reserve Bank of India. This move will make borrowing cheaper, which can encourage more people to take loans for homes, cars, or…