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.
Fri, Jun 23, 2017
Mundra said banks are concentrating on lending to the manufacturing sector but needs to focus services sector also.
The agency anticipates a demand for 25 million homes, which is nearly four times of the entire current housing finance stock, over FY17-FY22 in the medium and lower income group categories.
Thu, Jun 22, 2017
As the government is pushing for digital payments and people are opting for debit/credit cards, it is high time that banks do come out with security measures.
Wed, Jun 21, 2017
Urjit Patel, during the MPC meeting held on June 6-7, also underlined the need for resolution of stressed assets of banks and timely recapitalisation of public sector lenders.
Mon, Jun 12, 2017
RBI's deputy governor SS Mundra said that the central bank has formed an internal panel on some large bad loans.
Wed, Jun 07, 2017
For the second half of the fiscal, the Reserve Bank of India sees inflation in the range of 2-3.5%.
Mon, Jun 05, 2017
The government today said it is examining the possibility of further consolidation in the public sector banking space without waiting for their finances to improve. Merger of five associate banks and Bhartiya Mahila Bank with the country's largest lender SBI took place in April.
Mon, May 22, 2017
The Reserve Bank is likely to announce within a fortnight the guidelines to operationalise NPA ordinance so as to expedite the recovery of bad loans which have crossed Rs 8 lakh crore.
Tue, May 16, 2017
Earlier HDFC Bank had a flat rate of 8.50 percent for all types of borrowers. With this, the three largest players (SBI, ICICI Bank and HDFC Bank) offer similar prices for new affordable home loans.
Fri, May 12, 2017
As per the annual report, FY2016 GNPA, per RBI assessment was Rs 4930 crore compared to Rs 750 crore reported by the bank.
Thu, May 11, 2017
On Wednesday, the bank had said that the customers will be charged Rs 25 per transaction on every cash withdrawal from ATMs.
Wed, May 10, 2017
Under this product, the company has created a special segment for women borrowers for loans up to Rs 25 lakh at special interest rates of 8.35% p.a.
Tue, May 09, 2017
SBI has cut the rates for home loans under Rs 30 lakh by 0.25% and for loans above Rs 30 lakh, the rates were slashed by 10 basis points.
Mon, May 08, 2017
In March, last year the upper house Rajya Sabha had passed the RERA Act, which was aimed to bring transparency to the real estate sector.
Jaitley said the non-performing assets (NPA) problem is limited to "a certain set of accounts and these numerically are not very large in number but the quantums are high
The pursuit of the 4% target will likely continue to remain a source of disagreement between the RBI and some market players, even as investors begin to adjust to a more hawkish monetary policy.
Fri, May 05, 2017
President Pranab Mukherjee has given his nod to the ordinance dealing with the banking sector`s non-performing loans and the amendment to the Banking Act, television channels reported on Friday.
The Cabinet's decision got a thumbs-up from the market as Bank Nifty rallied 1.85 per cent to close at 22,720.10.
Thu, May 04, 2017
Axis Bank and ICICI Bank registered GNPA of 5.04% and 7.89% respectively in Q4FY17 as against 6.10% and 8.60% respectively predicted by the experts.
Wed, May 03, 2017
To give you better returns tax saving options, Mutual Funds come in competition with FDs. Mutual Funds are divided based on the asset class, and one of the most safest option is Debt Funds.
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