RBI working capital gold loans now allow banks to extend credit to manufacturers using gold as raw material, boosting SMEs and manufacturing sectors in India. RBI Eases Lending Norms to Boost Credit Access for Manufacturers Using Gold as Raw Material Introduction In a significant move to enhance credit accessibility for small businesses, the Reserve Bank…
ICICI Bank minimum balance reduced 2025 after public outrage. Learn about revised MAB for urban, semi-urban, and rural accounts and implications for banking policies. ICICI Bank Reduces Minimum Balance Requirement After Public Outrage ICICI Bank, India’s second-largest private sector lender, has revised its minimum average balance (MAB) requirement for new savings account holders following widespread…
ICICI Bank minimum balance hike from August 2025 raises the minimum average balance to ₹50,000 for metro accounts. Learn about penalties, customer impact, and banking policy changes. Introduction ICICI Bank has implemented a significant change in its savings account policies, effective from August 1, 2025. The bank has raised the Minimum Average Balance (MAB) requirement…
Canara Bank Removes Minimum Balance Rule for All Savings Accounts Introduction In a significant move aimed at enhancing customer convenience and promoting financial inclusion, Canara Bank has announced the removal of the Average Monthly Balance (AMB) requirement across all its savings bank accounts, effective from June 1, 2025. This policy change applies to all types…
🏦 Canara Bank Abolishes Minimum Balance Requirement for All Savings Accounts Effective June 1, 2025, Canara Bank has eliminated the Average Monthly Balance (AMB) requirement across all its savings accounts, including regular, salary, and NRI accounts. 📌 Key Highlights 🔍 Why This News Is Important ✅ Promoting Financial Inclusion By removing the AMB requirement, Canara…
