Fri, Jul 21, 2023
The total income increased 53.9 per cent to Rs 1,170.7 crore from Rs 760.5 crore, while the key net interest income rose 65.4 per cent to Rs 763.3 crore from Rs 461.5 crore.
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Tue, Oct 03, 2017
SBI Life, which is a subsidiary of State Bank of India, had raised up to Rs 8,400 crore via IPO (initial public offer). Its three-day IPO was oversubscribed by 3.58 times.
Thu, Sep 28, 2017
The new home loan 'Cashback', offers borrowers the benefit of 1% cashback on every EMI, for the entire tenure of the loan.
Mon, Sep 25, 2017
State Bank of India also decided to treat the metro and urban centres in the same category and the requirement of MAB in metro centres stands reduced to Rs 3000 from Rs 5000 earlier.
Mon, Sep 18, 2017
The initial share sale offer of ICICI Lombard General Insurance Company was subscribed 98 per cent on the second day of bidding today, as per stock exchanges data.
Standard Chartered Bank's "Ultimate" credit card will give range of benefits like Rs 10,000 cashback on spends on a specific travel portal in first three months of on boarding.
Fri, Sep 08, 2017
Ajay Saraf, executive director at Mumbai investment bank ICICI Securities said he expected this year could even surpass the record $8.5 billion seen in 2010, as strong retail investment flows have sparked a 21.4 percent gain in the main NSE index so far this year.
Year-to-date, domestic mutual funds have received equity inflows of USD 18.6 billion while ETF infusion so far this year read USD 2.6 billion, Morgan Stanley report said.
Mon, Sep 04, 2017
As per the framework, RBI has to disclose the names of banks designated as D-SIBs every year in August starting from 2015 and place these banks in appropriate buckets depending upon their Systemic Importance Scores (SISs).
Sat, Sep 02, 2017
Savings account, which is considered as the most basic financial product, has become a new "tool" for the banks to reduce liquidity post demonetisation period. It is best suited for salaried employees or people with a monthly income.
Sun, Aug 27, 2017
Total outstanding loans due to public sector banks by wilful defaulters amounted to Rs. 92,376 crore, according to the finance ministry data.
Digitisation has to reach down to the village level as cash mode of transactions is always insecure, Finance Minister Arun Jaitley said.
Sat, Aug 19, 2017
Gross NPAs have crossed 9.6 per cent as of March 2017, while the stressed loans ratio is over 12 per cent.
Reserve Bank Governor Urjit Patel today called for recapitalisation of state-run banks to help them resolve the NPAs issue in a time-bond manner as bad loans at 9.6 per cent of the system is not acceptable.
Fri, Aug 18, 2017
Currently, HDFC owns 61.41 per cent stake in HDFC Standard Life and Standard Life has about 35 per cent, while the remaining is with employees and PremjiInvest.
Tue, Aug 15, 2017
Even the unions that strongly opposed the merger of six banks with SBI and were apprehensive about treatment of incoming staff by the SBI management agree that there is not much of vindictive or arbitrary movement of people till now, making one wonder as to how and why this happened.
Public sector banks have reported 20 per cent jump in the outstanding loans by nearly 9,000 wilful defaulters who collectively owed to lenders more than 92,000 crore at the end of March this year.
Sun, Aug 13, 2017
Terming the non-performing assets (NPAs) or bad loans problem as a 'legacy issue', Arvind Panagariya said that even after three years of the NDA government taking charge, it has not gone away.
Wed, Aug 09, 2017
ICICI Bank introduces instant credit card facility with a credit limit of Rs 4 lakh for the bank's savings account customers.
Tue, Aug 01, 2017
With State Bank of India (SBI) announcing the revision of interest rates on savings account for balances of Rs 1 crore and below, other banks likely to follow suit.
Deputy governor Viral Acharya will be handling the central security cell, the Rajbhasha department and the human resources function, RBI said.
Mon, Jul 31, 2017
For saving deposit balance up to Rs 1 crore, the new interest rate would be 3.5%, State Bank of India said.
Thu, Jul 27, 2017
ICICI Bank's net interest income increased by 8% on a year-on-year basis to Rs 5,590 crore in Q1FY18 from Rs 5,159 crore in Q1FY18.
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![Standard Chartered Bank launches "Ultimate" credit card for Rs 5,000](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_160x90/public/2017/09/18/23899-credit-score-pixabay.jpg?itok=UJo14Xw-&c=761fdb63817a4c61e6903ef84473bbe4 "Standard Chartered Bank launches "Ultimate" credit card for Rs 5,000")
