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RBI may slash interest rate by 25 bps, says SBI report
New Delhi: The Reserve Bank may cut key lending rate by 0.25 percent later this week in view of benign inflation, said an SBI research report on Monday.The six-member Monetary Policy Committee (MPC)...
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India needs fewer and mega banks: Jaitley
New Delhi: Finance Minister Arun Jaitley on Monday said India needs fewer and mega banks to achieve economies of scale in the sector.After the amalgamation of five associates and Bharatiya Mahila Bank...
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SBI to waive loans taken by slain CRPF personnel; to expedite insurance payments
New Delhi: State Bank of India Monday said it would waive all outstanding loans taken by 23 CRPF personnel who were killed in the Pulwama terror attack.The state-owned lender would also expedite...
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In a first, SBI links pricing of loans, deposits to repo rate
Mumbai: In a first-of-its-kind move that will ensure faster monetary transmission, the nation's largest lender State Bank of India (SBI), which controls nearly a quarter of the banking system, Friday...
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Banks in no hurry to link repo with interest rates
New Delhi: Public sector banks are in no hurry to follow big brother SBI in linking their deposit and lending rates to the RBI`s repo rate, which may further irk the Reserve Bank of India for not...
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Lenders to make every effort to keep Jet Airways flying: SBI
New Delhi: SBI Chairman Rajnish Kumar Wednesday said the lenders of Jet Airways will make every effort to keep the embattled airline flying.Kumar met Finance Minister Arun Jaitley along with Aviation...
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Naresh Goyal has option to raise stake; expect buyer for Jet by May 31: SBI...
New Delhi: Embattled Jet Airways promoter Naresh Goyal, who was forced to cut his stake in the cash-strapped airline, will be eligible to bid for takeover of one of the oldest private carrier when the...
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Bank of Baroda becomes second largest PSU bank after SBI
New Delhi: Bank of Baroda (BoB) Monday became the second largest state-owned lender after merging Dena Bank and Vijaya Bank into itself as part of the first three-way amalgamation.The consolidated...
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State Bank of India cuts loan rates by marginal 5 bps
Mumbai: After repeated nudging by the Reserve Bank, the nation's largest lender State Bank Tuesday followed its smaller peers to lower the lending rates by a nominal 5 basis points across all tenors,...
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SBI Caps to shortlist bidders for Jet Airways soon
New Delhi: Even as the much-needed funding remains elusive for Jet Airways, merchant banker SBI Caps has started the process for sale of the financially troubled carrier for lenders.The SBI Caps' legal...
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After snub from banks, Jet Airways cancels all operations with immediate effect
New Delhi: Jet Airways announced that it is suspending all its flights - domestic and international - with immediate effect and that its last flight will operate on Wednesday (April 17) night.The...
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Govt curtails sale period of electoral bonds in May to 5 days from 10 days
New Delhi: The government Wednesday curtailed the time period for sale of electoral bonds by the SBI in the current month to only 5 days from May 6, instead of 10 days as was announced earlier.The...
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SBI reports net profit of Rs 838 crore Mar 2019 quarter; trims bad loan ratio
New Delhi: Country's largest lender SBI Friday said it has reported net profit of Rs 838.40 crore in fourth quarter of 2018-19 fiscal on a standalone basis as non-performing assets (NPAs) came down.The...
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SBI cuts MCLR by 5 bps across tenors
New Delhi: The country's largest lender State Bank of India has cut its marginal cost-based lending rate (MCLR) by 5 basis points on loans of all tenors.With this cut, 1-year MCLR has come down to 8.45...
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RBI needs to go for larger rate cut in June: SBI report
New Delhi: The Reserve Bank needs to go for a larger rate cut, of more than 25 basis points, in its June monetary policy review to reverse the current economic slowdown, said an SBI research report.The...
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Need to shift to structural deficit instead of fiscal deficit: SBI economists
Mumbai: Slowdown in GDP expansion has economists at SBI Monday question the need to focus on fiscal deficit, and suggest a shift to "structural deficit" which will help the government accommodate...
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RBI assures all help to troubled NBFCs; SBI monitoring exposure to sector
Mumbai: The Reserve Bank of India Thursday said it is closely monitoring the developments in the NBFC sector and will not hesitate to take measures to ensure financial stability.This comes in the...
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SBI may pass on RBI's rate cut benefits to customers, announcement likely...
New Delhi: State Bank of India (SBI) Chairman Rajnish Kumar has hinted that the bank may pass on the benefits of Reserve Bank of India's rate cut to customers.Kumar said that SBI will evaluate the...
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DHFL makes Rs 962 crore payment towards NCDs, to seek ratings upgrade
New Delhi: Crisis-ridden DHFL said Tuesday it has paid Rs 962 crore towards interest payment on debt instruments which fell due on June 4 and would seek a rating upgrade as it met the seven-day "cure...
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SBI refuses to disclose communication from RBI, govt on electoral bonds
New Delhi: The State Bank of India has refused to disclose any communication it received from the government or the Reserve Bank of India on electoral bonds, terming it "personal information" and held...
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