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ICICI Bank cut interest rate on savings account by 0.5%
Mumbai: Private sector lender ICICI Bank on Friday announced to reduce interest rate on savings accounts by 50 basis points to 3.5 per cent on deposits below Rs 50 lakh.The interest rate on savings...
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Parsvnath leases 74,000sq ft office area to WHO, Facebook India
New Delhi: Realty firm Parsvnath Developers has leased about 74,000 sq ft office space to the WHO and Facebook India in central Delhi and will earn Rs 83 crore rent annually from this fully-leased...
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Defaulters owe 27% of total amount to SBI alone, PNB next
New Delhi: Country's largest lender SBI accounts for over 27 per cent of the total amount owed to public sector banks by wilful defaulters.As many as 1,762 wilful defaulters owed Rs 25,104 crore to...
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Dena Bank cuts savings rate by 0.5% on deposits up to Rs 25 lakh
New Delhi: Public sector Dena Bank on Monday cut interest rate on savings account deposits up to Rs 25 lakh by 0.5 per cent to 3.50 per cent.Those having deposits over Rs 25 lakh in their savings bank...
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SBI waives processing fee on car loans till December
New Delhi: Market leader State Bank of India on Monday announced waiver of up to 100 per cent processing fee on car, gold and personal loans, albeit for limited periods.This is in addition to the...
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F & O Caller Show: SBI reduces processing fee on gold loan
This segment of F & O Caller Show brings you an update of the stock market. The State Bank of India (SBI) has reduced processing fee on gold loan. Watch full video to know more.About Zee Business...
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BOI slashes savings rate to 3.5% for deposits up to Rs 50 lakh
New Delhi: Public lender Bank of India has reduced interest rate on savings bank accounts by 50 basis points to 3.5 percent on deposits of up to Rs 50 lakh.However, the bank will continue to pay 4 per...
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'Govt ready to provide capital support for PSU banks' merger'
New Delhi: The finance ministry is open to providing capital support for facilitating consolidation among state-owned banks, which are reeling under mounting bad loans, official sources said.The Union...
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PSU banks take recovery action against 5,954 wilful defaulters
New Delhi: Public sector banks have taken loan recovery action under Sarfaesi law against 5,954 wilful defaulters owing about Rs 70,000 crore to the lenders.At the end of March 31, 2017, 21 banks...
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SBI favours equal treatment of lenders, buyers in projects
New Delhi: India's largest bank SBI on Monday said that rights of home buyers cannot be denied and they should be treated at par with the lenders under the insolvency and bankruptcy law.Addressing a...
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CPSEs' land likely to be used for affordable housing
New Delhi: The Centre is toying with the idea of acquiring the surplus land of Central Public Sector Enterprises (CPSEs) in a bid to create townships and dwelling units under the Prime Minister`s...
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It may take ATMs three months to dispense Rs 200 notes
New Delhi: While the RBI launched the 200-rupee note a week ago, it may take up to three months for ATMs to start dispensing the new denomination currency as it will involve a huge exercise of...
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Finance Ministry writes to heads of PSU banks on consolidation
New Delhi: The finance ministry has written letters to all heads of PSU lenders informing them the government's decision to set up a ministerial panel to facilitate consolidation in the public banking...
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It may take ATMs three months to dispense Rs 200 notes!
New Delhi: While the RBI launched the 200-rupee note a week ago, it may take up to three months for ATMs to start dispensing the new denomination currency as it will involve a huge exercise of...
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RBI includes HDFC Bank in 'too big to fail' list along with SBI and ICICI
Mumbai: RBI on Monday included HDFC Bank in the list of 'too big to fail' lenders, referred to as D-SIB or domestic systemically important bank.India's largest lender SBI and private sector major ICICI...
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Bank employees call for protest march on Sept 15
Dharamshala: Bank employees plan to conduct "March to Parliament" on September 15 to draw the government's attention towards various issues, Deepak Kumar Sharma, General secretary of SBI Officers...
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SBI Life Insurance IPO to hit capital market on September 20
New Delhi: SBI Life Insurance, a subsidiary of the country's largest lender SBI, will hit the capital market on September 20 to raise up to Rs 8,400 crore.The initial share sale offer will open on...
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SBI hopeful of controlling fresh slippages: Rajnish Kumar
Kolkata: Country's largest lender State Bank of India (SBI), reeling under huge stressed assets like other banks, is hopeful that going forward it would be able to control fresh slippages"Going...
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Eight of top-10 most valued companies add Rs 62,156 crore in mcap
New Delhi: Eight of the top-10 most valued Indian companies together added Rs 62,156.32 crore in market valuation with RIL and HDFC Bank emerging as the biggest gainers.ITC and HDFC Ltd were the only...
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Penalty from accounts to partly fund Aadhaar linkage costs: SBI
New Delhi: State Bank of India (SBI) expects to collect Rs 2,000 crore as penalty on savings bank accounts which have failed to maintain a minimum balance, a sum which may be used to partly cover the...
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