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Bank of Baroda, HDFC Bank cut lending rates following RBI repo rate reduction

India, June 9 -- State-run Bank of Baroda (BoB) announced on Sunday a 50 basis point cut in its benchmark lending rate linked to the repo rate, aligning with the Reserve Bank of India's recent policy ... Read More


Govt sets 6.63% interest rate for floating rate bond 2031 for June–Dec 2025

India, June 9 -- The Government of India has announced that the interest rate on the Floating Rate Bond 2031 (FRB 2031) for the period from June 7, 2025, to December 6, 2025, will be 6.63% per annum. ... Read More


HDFC Bank denounces frivolous FIR against MD & CEO

India, June 9 -- In a filing with the Bombay Stock Exchange (BSE), HDFC Bank Limited has strongly condemned what it describes as a frivolous and malicious First Information Report (FIR) filed against ... Read More


KPIL bags new orders worth Rs 3,789 crores

India, June 9 -- Kalpataru Projects International Limited (KPIL), a leading EPC player in the power transmission and distribution (T&D) and civil infrastructure sectors, along with its international s... Read More


RBI approves merger of Adinath Co-op Bank with Shri Vinayak Sahakari Bank

India, June 9 -- The Reserve Bank of India has approved the voluntary amalgamation of The Adinath Co-operative Bank Ltd., Surat, with Shri Vinayak Sahakari Bank Ltd., Ahmedabad, under Section 44A(4) r... Read More


Poonawalla Fincorp Unveils Industry-First 24/7 Fully Digital Business Loans for MSMEs

India, June 9 -- Poonawalla Fincorp Limited (PFL), a non-banking financial company (NBFC) backed by the Cyrus Poonawalla Group and focused on consumer and MSME lending, has launched a groundbreaking d... Read More


Sprayking Limited's arm bags Rs 52 mn brass billets export order

India, June 9 -- Sprayking Limited, a well-known name in the brass components industry, has announced that its subsidiary, Narmadesh Brass Industries Limited, has secured a major export procurement co... Read More


Hardwyn India Q4 net profit down 47.27% at Rs 1.74 cr

India, June 9 -- The company reported standalone net profit of Rs 1.74 crore for the quarter ended March 31, 2025 as compared to Rs 3.30 crore in the same period last year, registering a year-on-year ... Read More


Last Mile Enterprise Q4 net profit up 24.57% at Rs 2.89 cr

India, June 9 -- The company reported standalone net profit of Rs 2.89 crore for the quarter ended March 31, 2025 as compared to Rs 2.32 crore in the same period last year, registering a year-on-year ... Read More


RBI extends regulatory restrictions on National Mercantile Co-operative Bank Ltd

India, June 9 -- The Reserve Bank of India (RBI) has extended the Directions issued to National Mercantile Co-operative Bank Ltd., Lucknow, under Section 35A read with Section 56 of the Banking Regula... Read More