The countrywide outreach camps follow the RBI Monetary Policy Committee’s back-to-back rate cuts, which saw interest rates on bank credit fall 50 basis points. Union Bank’s MSME loan now starts at an affordable interest rate of 8.75%.

The programs will be conducted across 62 locations from April 28 to 30, 2025, bringing together existing and potential customers, industry associations, trade bodies, and government agencies. These events will serve as collaborative platforms to address financial needs, promote digital banking awareness, and introduce tailored financial solutions.

The MSME & CASA Outreach program will focus on understanding customers’ financial needs, showcasing bank products, generating leads, and gathering feedback for continuous improvement in service quality and customer satisfaction. The program will cater to existing & prospective MSME customers, start-ups, young professionals, emerging entrepreneurs, women entrepreneurs, vendors, and suppliers associated with large industries, and representatives from industry associations, trade bodies, and chambers of commerce. The CASA Outreach program is designed for prospective premium CASA customers, government department heads, doctors, and other professionals

The event will be presided over by senior officials from Union Bank and will provide a platform for customers to engage with the bank and share their experiences.

During the outreach, customers will have the opportunity to upgrade their CASA accounts and activate salary accounts on the spot. The program will also feature on-spot locker sanction, Vyom digital banking registration, and dedicated help desks for internet banking and mobile banking activation.

The post Union Bank of India Launches Innovative Programs to Pass on RBI-MPC Rate Cuts to MSME and CASA Customers appeared first on NRI News.

HYDERABAD: Fernandez Hospital Educational and Research Foundation (FHERF), in partnership with the Stillbirth Society of India, proudly hosted the 2nd Annual Stillbirth Society of India Conference from 13-15 September at the Park Hotel, Hyderabad. The event brought together over 200 healthcare professionals, policymakers, researchers, and community advocates, all driven by a common goal: to reduce India’s stillbirth rate to 10 per 1,000 births by 2030.

The three-day conference was led by eminent global faculty and featured immersive workshops, research paper presentations, keynote talks, and engaging panel discussions. The event provided a platform for the exchange of ideas, the latest research findings, and valuable insights into the best practices for stillbirth prevention.

Dr Neelam Agarwal, President of the Stillbirth Society of India, highlighted the urgent need for action, stating, “Improving access to high-quality maternal and neonatal healthcare is the cornerstone of reducing stillbirths in India. We must work together to ensure that every mother receives the care she deserves and every baby is given a chance at life.”

Dr Nuzhat Aziz, Vice President of the Stillbirth Society of India and Head of Emergency Obstetrics at Fernandez Hospital, reinforced this message, adding, “It’s not just about reducing numbers. It’s about saving families from the heartbreak of losing a child. With a comprehensive approach and innovative solutions, we can bring these rates down and support families through better care and education.”

The conference not only facilitated learning but also strengthened partnerships and collaborations between stakeholders across different sectors. These collaborations aim to drive policy changes, enhance community outreach, and encourage capacity building to combat stillbirths.

Currently, India’s stillbirth rate stands at approximately 13.9 per 1,000 births, which is significantly higher than the global average of 9. Stillbirths, which are defined as the birth of an infant who dies in the womb after 28 weeks of pregnancy, remain a pressing public health challenge. The conference aimed to encourage collective action toward this goal by sharing strategies, innovative interventions, and building a robust support system.

The 2nd Annual Stillbirth Society of India Conference stands as a testament to the ongoing commitment of both FHERF and the Stillbirth Society of India to improve outcomes for mothers and newborns across the country. As the nation moves toward its 2030 target, the partnerships and knowledge shared during this event will play a vital role in shaping the future of maternal healthcare in India.

The post Strategies to Lower Stillbirth Rates to 10 by 2030 Discussed at SBSI Annual Meet appeared first on NRI News.

MUMBAI: Capri Global Capital Ltd, a leading non-banking financial company, today announced a reduction in its gold loan interest rates by 100 bps. This exclusive offer is available for a limited time until March 31, 2024. With this reduction in interest rate, customers may now have to pay as low as Rs. 0.83 per Rs. 100 per month as the interest rate.

Starting from 9.96%* p.a., gold loans offer can be availed by both new and existing customers, who can seize this opportunity, with zero processing fees*. This offer not only ensures prompt financial assistance through quick disbursement but also allows customers to access funds swiftly during urgent times. The scheme offers flexible repayments. Customers will benefit with minimal documentation, complete digital applications, and no income proof requisite.

Mr. Rajesh Sharma, Managing Director of Capri Global Capital Ltd, said “At Capri Global Capital, our primary focus is to enhance customer satisfaction through persistent quality service. This scheme allows us to broaden our reach and cater to an even larger audience. With a presence in 9 states and over 750 branches dedicated to gold loans, we aim to provide our borrowers with the advantage of reduced interest rates, leading to overall cost savings. We strictly adhere to RBI regulations and compliance frameworks, ensuring our sustained growth while delivering exceptional services to our valued customers. By making gold loans more affordable, we empower a wider customer base, and ease financial burdens.”

Under this offer, customers could avail a loan amount of up to 75% of the total collateral value. The valuation of the gold is meticulously conducted using cutting-edge instruments and skilled staff. Tamper-proof lockers and AI-enabled security vaults are continuously monitored by CCTV surveillance to ensure the safety of the deposited gold. Customers can avail of this offer by visiting the nearest gold loan branch of Capri Gold Loans.

The post Capri Global Capital Slashes Gold Loan Interest Rate By 100 bps* In A Limited Period Offer appeared first on NRI News.

The Super Special Fixed Deposit offers a very lucrative rate of 7.50% p.a. for 175 days, which is high high-yielding avenue for HNIs & Corporates to deploy their surplus funds for the short term. This special fixed deposit offers one of the most attractive rates for short-term (175 days) deployment/ placement when compared with other fixed deposits of similar tenure. The special fixed deposit is for domestic rupee term deposits only. The special fixed deposit is introduced as a limited-period offer.

The post Bank of India brings Attractive Fixed Deposit Rate for 175 Days appeared first on NRI News.

Reaction to this from the real estate experts:

Mr. Sandeep Runwal – President, NAREDCO Maharashtra
“We appreciate the state government’s decision to not raise the ready reckoner rates in the state for 2023 -24. This is a positive step taken by the government that will help improve market sentiments and was the need of the hour with property prices on an upswing. Also, we hope the government can actually reduce the ready reckoner rates which will bring the cost of homes down and will be a big benefit to the home buyer.“

Mr. Kaushal Agarwal – Chairman, The Guardians Real Estate Advisory
“The Maharashtra government’s decision to call off the RR rate hike could have far-reaching effects on the state’s real estate market. This decision not only provides developers and property buyers with a sigh of relief but also contributes to the property market’s stability and affordability. The government has signaled its commitment to supporting the growth of the real estate industry, which is one of the key drivers of economic activity in the state, by maintaining the RR rates unchanged. Furthermore, this move is expected to boost consumer confidence and improve property market sentiment, encouraging more investments and transactions.“

Mr. Pritam Chivukula, Co-founder & Director, Tridhaatu Realty and Treasurer, CREDAI MCHI
“We welcome the state government’s decision to not increase the RR rates. Home buyers will have much to cheer about given that property prices will not go up as for now. This move will improve market sentiments which were presently low, given rising property prices. Now, we can expect more and more home buyers to come forward and buy their home before any further increase in property rates.“

Mr. Manoj Patwal, Founder & MD, BetterServ Ventures Pvt. Ltd
“This is a good move by the state government by holding the ready reckoner rates and not increasing them, as was expected. This will bring a sigh of relief to home buyers who have been burdened by regular property price hikes. This decision of the government will go a long way in building home buyer confidence and creating a congenial environment for the growth of the housing sector.”

The Ready Reckoner Rates play a crucial role in determining the stamp duty and registration charges that need to be paid by the buyer while purchasing a property. They are determined based on various factors such as location, infrastructure, amenities, and demand for the area. The rates vary from one area to another, and within an area, they may differ for different types of properties, such as residential, commercial, and industrial.

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