China cuts key interest rate to support economy

China's central bank on Monday cut a key interest rate in an attempt to counter the post-Covid growth slowdown in the world's second-largest economy. The one-year loan prime rate, which serves as a benchmark for corporate loans, was reduced from 3.55 percent to 3.45 percent, the People's Bank of China (PBoC) said in a statement, while the five-year LPR, which is used to price mortgages, was held at 4.2 percent.

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Gaja Capital, Piramal Alternatives-led consortium in race for Nainital Bank

Faering Capital, Unity SFB also likely bidders; Bank of Baroda to divest 50% stake in the first tranche 

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Banks request RBI to allow them to extend silver metal loans to jewellery manufacturers

Cite success of gold loans; Demand for silver jewellery rising due to festivals, exports

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RBI’s UDGAM portal: How to register, check details of unclaimed deposits

RBI says that users would be able to access the details of their unclaimed deposits in respect of seven banks presently available on the portal

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Punjab & Sind Bank aims for 4,000 branches, ATMs by March 2026

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