Hind Rectifiers Limited — Important, 04-07-2025: General Updates

Canara Bank removed minimum balance requirements across all savings accounts, easing access for customers. Its global business exceeds ₹25 lakh crore, reflecting strong financial health. Tamilnad Mercantile Bank expanded with two new branches in Kayarambedu (Chengalpattu) and Malleswaram (Bangalore), continuing its pan-India growth plans. MOIL posted record manganese ore production in June at 1.68 lakh tonnes (+2% YoY) and a best-ever Q1 output of 5.02 lakh tonnes (+6.8% YoY), indicating robust operational momentum. Bank of Maharashtra opened a second branch in Jharsuguda, Odisha, expanding its regional presence. IndianOil’s Director (Refineries) Arvind Kumar assumed additional charge as Director (Pipelines).