Profitability may take further hit on policy rate cut of 25-40 bps
Some lenders like Yes Bank, Punjab National Bank, IDBI Bank, Bank of India, Indian Overseas Bank and Axis Bank are yet to release their portion
Banks in India are not wholesale-funded entities as in developed markets, but deposit-taking. Only a percentage of their books is linked to borrowing at the repos window
The market cap of TCS dropped Rs 21,125.9 crore to Rs 8,03,516.90 crore
SBI plans to raise up to Rs 3,465 crore by offloading up to 4.5 per cent stake in SBI Life to comply with the minimum public shareholding norms.
Bank official hints at another round of rate cuts following low credit offtake
State Bank of India reduced interest rates on time deposits across all maturities
As many as 1,197 cases of cheating involving Rs 12,012.77 crore were detected in SBI in the first quarter, according to the RTI reply
Data shows that the bank started seeking LoC from the Bureau of Immigration from April this year
However, check with manufacturers' captive lenders for offers during the festive season
To comply with Basel-III capital regulations, banks need to improve and strengthen their capital planning processes
State Bank of India (SBI) on Wednesday said it is planning to dilute stake in its card business through the initial public offer (IPO) route. The country's largest lender currently holds 74 per cent stake in SBI Cards & Payment Services Private Limited. The Executive Committee of Central Board of the bank at its meeting held on Wednesday "has given in-principle approval to explore the possibility of diluting SBI's stake in SBI Cards & Payment Services Private Limited, a subsidiary company through IPO route at an opportune time, subject to the approval of RBI and other regulatory agencies in this regard," the bank said in a regulatory filing. Further, specific disclosures on offer for sale (OFS) by promoters will be be given, once the same is finalised by the bank, it said. The bank had launched SBI Card in October 1998. In December 2017, SBI and the Carlyle Group acquired GE Capital's stake in the joint venture. SBI holds 74 per cent, while Carlyle holds 26 per cent in the ...
SBI reduced its marginal cost of funds-based lending rate from 8.4% to 8.25%
The CNAPS, launched in 2008 by People's Bank of China provides real-time settlement services for all payments cleared in mainland China, as well as in all clearing banks in offshore yuan centers
Here's a list of products and services that might either pinch your pockets or ease your expenses in the coming months
The term deposit rates will be 20 basis points lower for retail customers, and 50-75 basis points lower for deposits up to 179 days
Candidates are advised to check SBI's website bank.sbi/careers or sbi.co.in/careers regularly for details and updates
SBI Clerk Result 2019: SBI Clerk Prelims Result will be declared soon on sbi.co.in. Here are some important instructions that candidates must know
As Managing Director and Chief Financial Officer, Kant will be responsible for financial and risk management of the World Bank Group, reporting to the President
This is the third rate cut announced by the SBI in the current financial year