Tag archive for ‘Bank’
By Loknath Das On Friday, June 16th, 2017
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Finance Ministry Debating Bad Bank, Universal Basic Income Proposals

New Delhi: Finance Minister Arun Jaitley on Sunday said his ministry is debating the two innovative suggestions made by the latest Economic Survey – Universal Basic Income (UBI) and creation of a ‘bad More...

By Loknath Das On Friday, June 16th, 2017
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State Bank Of India Not Ruling Out Write-Offs Post Merger

New Delhi: The country’s largest lender SBI has said write-downs or write-offs on account of the merger of five associates cannot be entirely ruled out. In the largest consolidation in the banking space, More...

By Loknath Das On Thursday, June 15th, 2017
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Atom Bank relaunches 2.2% three-year bond: is it as good this time around?

The digital bank has upped the interest rates on its fixed term savings products as follows: 1 year Fixed Saver: 1.80% AER (up from 1.70% AER) 2 year Fixed Saver: 2.00% AER (up from 1.80% AER) 3 year Fixed Saver: More...

By Loknath Das On Saturday, June 10th, 2017
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Government May Approve One More PSU Bank Consolidation By March

New Delhi: Enthused by the success of SBI merger, the Finance Ministry is considering clearing another such proposal in the public sector banking space by this fiscal end with a goal to create 4-5 global sized More...

By Loknath Das On Saturday, June 10th, 2017
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Paytm Payments Bank launched, offers 4% interest rate on savings account

The newly launched Paytm Payments Bank is offering 4% interest rate on savings account. Photo: Priyanka Parashar/Mint Mumbai: Paytm Payments Bank Ltd on Tuesday rolled out its banking operations. With the launch More...

By Loknath Das On Thursday, June 8th, 2017
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State Bank of India $2.3 billion share sale probably to qualified investors, Bhattacharya says

The State Bank of India expects to complete a planned share sale by year-end, probably through a qualified institutional placement (QIP), bank Chairman Arundhati Bhattacharya said on Friday. SBI, India’s biggest More...

By Loknath Das On Tuesday, June 6th, 2017
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Govt to go ahead with PSU bank merger without further wait: Arun Jaitley

The government on Tuesday said it is examining the possibility of further consolidation in the public sector banking space without waiting for their finances to improve. Merger of five associate banks and Bhartiya More...

By Loknath Das On Monday, June 5th, 2017
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State Bank of India’s revised service charges effective from June 1; find out what they are

If you are a State Bank Buddy customer, then prepare to pay Rs 25 service charges on every cash withdrawal from ATMs with immediate effect from June 1, 2017. On May 11, 2017, State Bank of India (SBI) said More...

By Loknath Das On Monday, May 29th, 2017
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IDBI Bank Unveils Turnaround Plan Amid Fears Of Debt Default

Mumbai: IDBI Bank on Thursday set out a turnaround plan that includes raising additional capital and selling non-core assets to help the state-run lender to improve its financial position and reassure investors More...

By Loknath Das On Saturday, May 27th, 2017
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Income paid by cash in the bank hits record lows, may fall further

INTEREST rates paid on almost all types of savings accounts have dropped to record lows, increasing financial pressure on millions of retirees and first home savers. New Reserve Bank data shows that term deposits, More...