What is Unified Pension Scheme (UPS)?

By: Loan Advisor

1. Introduction The Unified Pension Scheme (UPS) is a progressive initiative designed to consolidate multiple pension systems into a single, streamlined platform. Its goal is to offer reliable retirement...

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UCO Bank

UCO Bank Reports 17% Year-on-Year Loan Growth in Q1 FY26

By: Loan Advisor

New Delhi, July 8, 2025: Public sector lender UCO Bank has posted a 17% year-on-year rise in its loan portfolio for the first quarter of FY26, driven by strong...

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Saraswat Bank

Saraswat Bank to Absorb New India Co-operative Bank in Revival Move

By: Loan Advisor

Mumbai, July 2, 2025 — Saraswat Co-operative Bank has announced plans to merge New India Co-operative Bank (NICB) into its fold, marking a strategic effort to rescue the ailing...

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Reserve Bank of India RBI

RBI Mandates Real-Time Cyber Fraud Detection via DoT’s Risk Indicator

By: Loan Advisor

July 6, 2025 | New Delhi In a major push to bolster cybersecurity in the banking sector, the Reserve Bank of India (RBI) has mandated the integration of the...

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Reserve Bank of India RBI

RBI Prohibits Pre-Payment Charges on Floating-Rate Business Loans to Individuals, MSEs from January 2026

By: Loan Advisor

Mumbai, July 4, 2025 : The Reserve Bank of India (RBI) has announced that banks and financial institutions will no longer be allowed to levy pre-payment charges on floating-rate...

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Reserve Bank of India RBI

RBI Flags Surge in Unsecured Loan Defaults Among Private Banks

By: Loan Advisor

July 8th 2025: The Reserve Bank of India (RBI), in its Financial Stability Report released on July 1, 2025, has raised concerns over a steep rise in defaults on...

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Banks Offer Cheaper Loans for Electric Cars to Boost Green Mobility

By: Loan Advisor

Dated: July 9, 2025 In a significant boost to sustainable transport, banks and financial institutions across India have begun offering electric vehicle (EV) loans at reduced interest rates. The...

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IndusInd Bank

IndusInd Bank Opens All-Women Branch in Chennai to Promote Gender Inclusivity

By: Loan Advisor

Chennai, July 8, 2025 – IndusInd Bank has inaugurated a new all-women branch in Chennai, furthering its commitment to gender equality and women empowerment in the banking sector. The...

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Bank of Maharashtra

Bank of Maharashtra Records 15% Loan Growth in Q1 FY26

By: Loan Advisor

July 8, 2025 — Bank of Maharashtra posted a 15% year-on-year increase in its loan portfolio for the first quarter of FY26, indicating sustained credit demand and a strong...

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What is National Pension Scheme (NPS)?

By: Loan Advisor

The National Pension Scheme (NPS) is a government-sponsored retirement savings initiative aimed at helping individuals secure their financial future after retirement. Managed by the Pension Fund Regulatory and Development...

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