Tue, Dec 03, 2024
State Bank of India’s Amrit Vrishti is a 444-day fixed deposit (FD) scheme launched on July 15, 2024. Among all SBI FDs, this scheme offers the highest interest rate to senior citizens. On the other hand, Bank of India's 400-day fixed deposit (FD) scheme offers highest rate to senior citizens than other banks FDs. Here, we will find out the maturity amounts of Rs 4 lakh and Rs 8 lakh investments in fixed deposits for general and senior citizens.
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Mon, Dec 02, 2024
Compare RD returns from SBI, Canara Bank, HDFC, ICICI, and Post Office for a Rs 5,000 monthly investment over 5 years. Know interest rates, maturity amounts and the best options for higher returns.
Wed, Nov 27, 2024
With the raising of Rs 10,000 crore from infra bonds, SBI's total fundraise has touched Rs 50,000 crore so far during the current financial year.
Sun, Jun 12, 2016
"A team of 15-20 members has been set up and it has started working on the framework for the merger. The team is headed by a general manager and there are a few deputy general managers," a source said.
Thu, Jun 09, 2016
Marginal Cost Funds-based Lending Rate (MCLR) is the new methodology to calculate interest rate on advances.
Tue, Jun 07, 2016
Banking stocks rise as Rajan decides to maintain status quo. The S&P BSE Bankex rose nearly 1% on Tuesday as Raghuram Rajan, Governor, Reserve Bank of India (RBI), decided to keep repo rate unchanged at 6.5%.
Mon, Jun 06, 2016
Jaitley pointed out that PSBs actually made operating profits of Rs 1.40 lakh crore in 2015-16.
Sun, Jun 05, 2016
Jaitley, who was on a six-day visit to Japan to attract investments, said the losses were because of provisioning to cover for bad debt.
Thu, Jun 02, 2016
The court passed an ex-party order while hearing the petition that was filed by consortium of banks led by the State Bank of India seeking the same.
Wed, Jun 01, 2016
Under the new rate structure effective from Wednesday, the ICICI Bank will give out overnight loans to new borrowers at 8.95%, while the one-year MCLR, to which its housing loans are linked, now comes down to 9.15%.
The Minister said the payments bank, which will be run by Chief Executive Officer, will be professionally managed and there will be a representation from various other government departments including the Department of Posts, Department of Expenditure, Department of Economic Services, etc.
Sun, May 29, 2016
With the addition, the total number of ATMs of public sector banks increased to 1,42,557 at March-end.
Sat, May 28, 2016
The banking sector still remains largely male-dominated and even this year the hiring trend is likely to continue being in the favour of men, an 'India Skill Report 2016', says.
Fri, May 27, 2016
The broader NSE Nifty closed up 1.08% at 8,156.65.
State Bank of India, the nation`s top lender by assets, reported a worse-than-expected 66 percent fall in quarterly profit due to sharply higher provisions for bad loans.
Thu, May 26, 2016
Mukesh Ambani-led Reliance Industries leads the pack of 56 Indian firms in Forbes' annual list of the world's 2,000 largest and most powerful public companies, with the US leading the list with 586 companies.
Sat, May 21, 2016
The comments came on a day when the unions at the five associate banks of State Bank of India (SBI) went on a nationwide strike protesting against the merger with their parent bank.
Fri, May 20, 2016
The merger will have limited impact on SBI's credit metrics, given that SBI already fully owns SBH and SBP and has majority stakes in the other three associate banks
Wed, May 18, 2016
India, one of the world`s biggest oil importers along with the United States and China, had similarly elaborate barter deals with Iran.
The five associate banks namely, State Bank of Travancore (SBT), State Bank of Mysore (SBM), State Bank of Hyderabad (SBH), State Bank of Bikaner and Jaipur (SBBJ), and State Bank of Patiala (SBP), have also demanded a settlement of the pending issues.
Launched with much fanfare by the then UPA Government, Bhartiya Mahila Bank may soon cease to exist.
The three associate banks of SBI- State Bank of Mysore, State Bank of Travancore, State Bank of Bikaner and Jaipur-are listed on the stock exchanges.
Tue, May 17, 2016
"One of the shareholders of NSE ('Client') intends to disinvest up to 5% of its equity shareholding in National Stock Exchange of India ('NSE'), through a competitive bidding process," SBICAP said in a release on May 12.
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