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Demonetisation: SBI waves merchant discount rate on RuPay debit cards
Zee Media BureauNew Delhi: State Bank of India (SBI) waived merchant discount rate (MDR) on the RuPay Debit Cards with immediate effect.The usage and awareness of electronic and digital channels in...
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Demonetisation: Liquidity to stay, interest rates may fall further
New Delhi: Additional liquidity that is coming into the banking system following demonetisation will not go away in a "hurry" and may pull down interest rates further, the country's largest lender SBI...
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Maharashtra 'safai' worker writes to SBI seeking loan waiver like Vijay Mallya
Zee Media BureauMumbai: Just after the controversy arose over State Bank of India (SBI) reportedly writing off loans worth Rs 7,000 crore, including that of Vijay Mallya-promoted Kingfisher Airlines, a...
View ArticlePFRDA plans 10-time hike in commission for fund managers
Mumbai: Pension fund regulator PFRDA is planning to increase the commission for pension fund managers by 10 times to 0.1 per cent from the present 0.01 per cent, a top official said on Monday.The...
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Nothing mysterious behind Rs 2.87 trillion surge in bank deposits in...
Zee Media BureauMumbai: SBI's economic research department on Monday explained the Rs 2.87 trillion surge in bank deposits ahead of demonetisation as seasonal surge and arrears from pay hikes for...
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State Bank of India slashes bulk deposit rates by up to 1.9%
New Delhi: Days after Prime Minister Narendra Modi signalled that rates are on the way down, SBI Wednesday slashed bulk deposit rates by up to 1.9 percent taking advantage of the surge in deposits...
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Demonetisation: SBI waives merchant discount rate on Master, Visa debit cards
Zee Media BureauNew Delhi: After RuPay debit cards, State Bank of India (SBI) waived off merchant discount rate (MDR) on Master and Visa debit cards. This is being done to promote digital...
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SBI likely to get RBI nod on merger of associate banks soon
New Delhi: State Bank of India (SBI) expects to soon receive RBI's approval for the detailed merger plan of its associate banks.The detailed merger plan, including financial implications, HR and...
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SBI can't disclose loans given to Adani firms: CIC
Zee Media BureauNew Delhi: All records where loans have been issued to firms promoted by Gautam Adani cannot be disclosed as these are held by State Bank of India in fiduciary capacity and involve...
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Digital payments push: Upgraded single UPI platforms for banks in offing
New Delhi: An upgraded Unified Payments Interface is in offing for banks in order to promote digital transactions.The single new UPI will provide cost effective and secured option, a senior finance...
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Demonetisation: SBI saving accounts swell by Rs 1 lakh crore
New Delhi: The country`s largest public sector lender State Bank of India on Monday said its saving accounts have swelled up by Rs 1 lakh crore after demonetisation."Our deposits have exceeded by Rs 1...
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Banking services will go digital due to Demonetisation push, says SBI
New Delhi: Crediting demonetisation for the biggest push towards digital banking, SBI on Monday said it envisions the entire range of banking services going digital over the next few...
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SBI Cards to target low-income earners; quicken card delivery
New Delhi: To tap opportunities arising out of limited cash supply following demonetisation, SBI Cards will soon launch credit cards aimed at the lower income group who have the capacity to pay but...
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Consortium of banks to again auction Kingfisher House,Villa at lower reserve...
Mumbai: A consortium of 17-banks will once again be auctioning plush properties of beleaguered liquor baron Vijay Mallya - Kingfisher House in the city and Kingfisher Villa in north Goa - this week at...
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Banks to again auction Vijay Mallya's Kingfisher Villa on Thursday
Mumbai: After failing for the third time to find a buyer for the Kingfisher House in the city earlier this week, the lenders are reauctioning troubled businessman Vijay Mallya's another plush property,...
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Vijay Mallya's Goa property Kingfisher Villa fails to find takers again
Mumbai: The re-auction of embattled businessman Vijay Mallya's Goa property, Kingfisher Villa, yet again turned out to be a damp squib today despite a reduction in reserve price by 5 percent to Rs 81...
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Demonetisation: Cash withdrawal restrictions likely to continue beyond...
New Delhi: Since RBI and printing presses are unable to keep pace with the demand of new currency notes, restrictions on withdrawal of cash from banks and ATMs may likely to continue beyond December...
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Home, auto, personal loans get cheapest in 6 years as banks slash lending rate
New Delhi: Improvement in funds flow after demonetisation, major public sector banks in the country have set off a regime of low interest rates on consumer loans like home and auto loans.State Bank of...
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After SBI, PNB, Kotak Mahindra Bank cuts lending rate by up to 0.45%
A day after SBI slashed its rate offering steeply, country's fourth biggest private sector lender Kotak Mahindra Bank on Monday announced a cut of up to 0.45 percent in its lending rates.The bank has...
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Lending rate cuts to boost economy, push consumption: Industry
New Delhi: With lenders such as SBI, PNB, Union Bank of India and IDBI slashing benchmark lending rate, India Inc on Monday said the move will act as a "booster dose" for the economy and propel...
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