News for Central Bank of India (CENTRALBK.BO)

Vedanta Aluminium partners with Central Bank of India to offer collateral-free financing for OEMs and MSMEs through Balco.

CreditAccess Grameen secures $100 million loan, Mumbai Metro ordered to pay, Reliance expands defense partnership, Maruti faces production challenges.

The Financial Services Institutions Bureau on Friday recommended Asheesh Pandey and Kalyan Kumar for the post of Managing Director of Union Bank of India and Central Bank of India, respectively.Pandey will replace A Manimekhalai, who would complete a three-year tenure at Union Bank of India next month, while Kumar will succeed M V Rao as managing director of Central Bank of India after his superannuation in July.

The Financial Services Institutions Bureau (FSIB) has recommended the appointment of Asheesh Pandey and Kalyan Kumar as the MD & CEO of Union Bank of India (UBI) and and Kalyan Kumar as MD and CEO of Central Bank of India

Several banks in India are offering competitive interest rates on vehicle loans, with slightly lower rates for electric vehicles to promote eco-friendly transportation. Among public sector banks, Indian Overseas Bank offers interest rates starting from 8.15% for electric vehicles and 8.35% for non-electric ones.

SEPC Limited announces Rights Issue to raise ₹35 crore, with new O&M contracts secured from Bajaj Energy.

RBI's repo rate cuts in 2025, totaling 50 basis points, have lowered home loan interest rates below 8%. This reduction, following previous rate hikes, makes buying a home more affordable. Several public sector banks now offer floating-rate home loans with attractive interest rates, impacting EMIs based on credit score, benchmark rates, and loan amount.

Karnataka HC has asked PhonePe to disclose merchant details in an online betting case, as privacy can't eclipse attempts to secure evidence.

The Great Property Sell Fest, a pioneering real estate event in association with The Times of India, is set to revolutionize property transactions in Gurugram, Noida, and Panipat from May 16-18, 2025.

BLS E-Services surpasses ₹500-crore revenue milestone, reports 76% increase in total income for FY25.

Business management solutions company Zoho announced the general release of a new payments solution, Zoho Payments, promised to be the first step in a broader move into financial services.

In 2025, the Reserve Bank of India has already reduced the benchmark repo rate twice, leading to a dip in home loan interest rates to below 8% — the lowest since 2022. This decline in rates presents a valuable opportunity for homebuyers and homeowners, as it reduces interest outflows and enhances loan affordability.Data compiled by BankBazaar indicates that several banks and financial institutions are now offering home loans at competitive interest rates, ranging from 7.5% to 10%. Here’s how banking stocks have performed since RBI rate cuts: Home loan attractive amid falling interest rates

The government-backed Senior Citizen Savings Scheme (SCSS) and bank-offered Senior Citizen Fixed Deposits are two popular investment options for senior citizens to plan a steady income and the safety of capital.

India Business News: Public sector banks in India have achieved a record cumulative net profit of Rs 1.78 lakh crore for FY25, a 26% increase from the previous year. All 1

PSU bank stocks have underperformed in 2025, with several falling sharply despite decent Q4 earnings and macro tailwinds. SBI's results and performance remain critical for a sectoral revival. Technical charts indicate bullish potential, and analysts suggest being stock-specific, favouring names like SBI and Bank of Baroda.

With banks reducing FD interest rates, the Post Office Time Deposit (POTD) remains competitive, offering 7.10% until June 2025. While major banks offer lower rates around 6.90%, select private banks like DCB, RBL, and YES Bank provide higher returns up to 7.50%.

India’s non-life insurance sector, despite its low market penetration, saw premium income increase 19.5% year-on-year in FY24 on strong demand for health and motor policies, making it attractive for long-term investors such as private equity firms.

Planning a home loan in May 2025? The Reserve Bank of India (RBI) has reduced the repo rate. The new rate is now 6.00%. This reduction may lower home loan interest rates.

Q4 Results Live Today 1st May 2025: Get the latest Q4 2025 earnings updates for Adani Enterprises, Adani Ports, Zomato, Home First Finance Company India, Nuvoco Vistas Corporation, Jaiprakash Power Ventures, Railtel Corporation of India, SIS, Bondada Engineering, Paushak, Sportking India, 5paisa Capital, Madhav Infra Projects, Dr Lalchandani Labs. Adani Power, Indian Oil Corporation, Varun Beverages, Exide Industries, Vedanta, INDUS TOWERS and more announced Q4 results yesterday, April 30, 2025.