Bajaj Holdings Q2 Consolidated Profit Rises 19% To Rs. 834 Crore

New Delhi: Bajaj Holdings and Investment Ltd (BHIL) Tuesday reported a 19 per cent rise in its consolidated profit after tax (PAT) at Rs. 834 crore for the September quarter of the current fiscal. The company’s PAT in the corresponding July-September period of 2016-17 was Rs. 698 crore. “Due to all round performance of BHIL (standalone) More...

by Loknath Das | Published 1 month ago
By Loknath Das On Sunday, October 22nd, 2017
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RBI Says Linking Aadhaar Number To Bank Accounts Mandatory

Mumbai: The Reserve Bank of India (RBI) on Saturday dismissed media reports that it was not necessary to link national identity card numbers, known as Aadhaar numbers, to bank accounts. It said in a statement the More...

By Loknath Das On Sunday, October 22nd, 2017
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Banking Sector Stares At Additional Rs. 40,000 Crore NPAs

New Delhi: The banking sector fears accretion of more than Rs. 40,000 crore of bad loans to its books following recent classification of eight consortium accounts of Axis Bank as non-performing assets by the RBI. The More...

By Loknath Das On Saturday, October 7th, 2017
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RBI lowers growth forecast to 6.7%, holds repo rate citing risk to inflation

Home and auto loan rates are unlikely to change, after the Reserve Bank of India (RBI) left its key policy rate unchanged on Wednesday, citing higher risks to inflation. The central bank slashed its growth forecast More...

By Loknath Das On Saturday, October 7th, 2017
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SBI’s New Chief Puts Bad Debt Under Microscope, But Also Eyes Growth

Mumbai: Tackling bad debts will be the priority for State Bank of India, its newly appointed chairman Rajnish Kumar said on Thursday, but India’s largest bank will not shy away from opportunities to grow, More...

By Loknath Das On Friday, October 6th, 2017
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RBI To Keep Rates On Hold In October, Cut Growth Forecast: Poll

Bengaluru: The Reserve Bank of India will hold policy steady at its October 4 meeting, and well past next year, amid weak economic growth and signs inflation may soon overshoot its target, a Reuters poll found. Asia’s More...

By Loknath Das On Monday, October 2nd, 2017
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HSBC app will show all your bank accounts in one place

App will give banking customers a ‘joined-up view of their finances’. Photograph: Andrew Matthews/PA Banking customers will soon be able to see all their accounts from different providers in one place, making More...

By Loknath Das On Monday, September 25th, 2017
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SBI lowers minimum balance to Rs 3,000, exempts pensioners and minors

The country’s largest lender State Bank of India on Monday lowered the minimum average monthly balance (MAB) requirement in a savings account to Rs 3,000 from Rs 5,000 and also revised downwards penalties for More...

By Loknath Das On Friday, September 22nd, 2017
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SBI launches India’s first bond index series at London Stock Exchange

State Bank of India (SBI) on Friday launched India’s first bond index series for overseas investors at the London Stock Exchange (LSE). The FTSE SBI Bond Index Series, launched by India’s largest commercial More...

By Loknath Das On Thursday, September 21st, 2017
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This SBI Account Has No Minimum Balance Charges But Offers Same Interest Rate

SBI in a Twitter post said that its Basic Savings Bank Deposit accounts offer same interest rates as its other savings bank accounts but do not charge any penalty for not maintaining monthly average balance. The More...