Author: admin@thebankingtimes.in
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RBI Recruitment 2025: 120 Grade B Officer Vacancies — Apply Sep 10–30
The Reserve Bank of India (RBI) has invited applications for 120 Grade B Officer posts for 2025. Applications open on September 10 and close on September 30, 2025 (till 6 PM). Vacancies include 83 for General, 17 for DEPR, and 20 for DSIM streams. Eligible candidates must meet graduation or post-graduation criteria as per stream.…
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GST Rate Cuts on Automobiles & Transport: What’s Cheaper Now and Why It Matters
GST cuts slash rates on bikes, cars, tractors, buses, and trucks. Cheaper vehicles will boost demand, create jobs, and benefit MSMEs. Logistics costs fall, making transport and exports more competitive.
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Bank Jobs: Mentally Draining and Thankless Under Pressure
For many young professionals, a bank job once symbolized stability, respect, and financial security. Yet today, more and more employees—particularly young women and men in their twenties—are walking away from this career path, calling it mentally draining and a thankless job. The story of a 29-year-old girl resigning from her banking role is not an…
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Bank of Baroda Cuts Car Loan Rates, Now Starting from 8.15% W.E.F 21 August 2025
Bank of Baroda has cut car loan rates effective 21 August 2025, with floating rates starting at 8.15% and fixed rates at 8.65%. Government staff and defence personnel get the same low rates, with defence borrowers enjoying zero processing fees. Customers with home loans or 50% collateral receive up to 0.50% concession, while floating loans…
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Nifty Bank Ends Flat at 55,139 Amid Volatile Trade
Nifty Bank closed at 55,139.30, down just 0.02%, after a day of volatile trade. The index hit a high of 55,306.00 and a low of 55,048.40 during the session. Analysts say the index is consolidating near the 55,000 support zone, with resistance at 55,300–55,350.
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PhonePe Launches Home Insurance Policies Starting at Rs.181
PhonePe has launched home insurance policies covering 20 risks including fire, flood, and earthquake. Customers can choose coverage from Rs.10 lakh to Rs.12.5 crore, with premiums starting at Rs.181 per year. Policies are accepted by all banks and lending institutions for home loans and can be bought directly on the PhonePe app.
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CII Pushes Reform Agenda: Simplified GST, Jobs for Gig Workers, and Growth Roadmap for Viksit Bharat 2047
CII’s report “Policies for a Competitive India” proposes over 250 reforms to accelerate growth and make India a developed nation by 2047. Key recommendations include a simplified GST structure, inclusion of petroleum and real estate, and a national employment policy for gig workers. The agenda also calls for privatisation, energy reforms, industrial corridors, and green…
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ICRA Forecasts 6–9% Growth in Two-Wheeler Sales for FY2025-26
ICRA projects a 6–9% rise in two-wheeler sales in FY2025–26, driven by replacement demand, urban recovery, and rural income growth. GST rate cuts and the upcoming festive season are expected to give an additional push to sales. July 2025 saw 9% wholesale growth to 1.5 million units, though retail sales dipped 6.5% due to weak…
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India’s Economy: RBI Shares Big Plans for Banks, Loans and Customers
RBI Governor outlined India’s growth roadmap at FIBAC 2025, highlighting resilience and future opportunities. Key focus areas include monetary stability, bank regulation, financial inclusion, customer service, and technology adoption. RBI assured that growth and stability go hand-in-hand, with reforms aimed at making India a prosperous and inclusive economy by 2047.
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IBA to Seek RBI Nod for Bank Funding of Company Acquisitions, Says SBI Chairman
The Indian Banks’ Association (IBA) will request RBI approval to let banks finance mergers and acquisitions of listed companies. SBI Chairman C S Shetty said funding will be allowed only in a transparent, shareholder-approved manner, avoiding hostile takeovers. He added that banks are supporting corporate capacity expansion, MSME lending (up 19% to Rs.5.28 lakh crore),…