Tag archive for ‘Bank’
By Loknath Das On Monday, May 22nd, 2017
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SBI Minimum Balance On Savings Bank Accounts: How Much Fine You Have To Pay

SBI or State Bank of India is charging a fine on savings bank account customers not meeting the average monthly balance requirement. The amount of penalty for non-compliance with the monthly average balance or More...

By Loknath Das On Monday, May 22nd, 2017
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SBI Minimum Balance On Savings Bank Accounts: How Much Fine You Have To Pay

SBI requires its savings bank account holders in metros to maintain a monthly average balance of Rs. 5,000 HIGHLIGHTS Fine on customers not meeting minimum balance requirement, says SBI Penalty will be based on More...

By Loknath Das On Monday, May 22nd, 2017
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Axis Bank Lowers Home Loan Rates

Mumbai: Taking a cue from its larger rivals, Axis Bank on Thursday announced a rate cut of up to 0.30 per cent for home loan borrowers. Under the new rates, which are effective from May 16, the rate of home loans More...

By Loknath Das On Wednesday, May 17th, 2017
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Reserve Bank Of India Creates Post Of CFO

Mumbai: In a first, the Reserve Bank of India is creating a post of a chief financial officer (CFO) and has sought applications for the position. The CFO, who will be of the rank of executive director, will be More...

By Loknath Das On Saturday, May 13th, 2017
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Kotak Mahindra Bank To Price Share Offer At Top Of Range, Raising $901 Million

Kotak Mahindra Bank is pricing about 62 million new shares at Rs. 936 each after earlier setting a Rs. 930-936 indicative range. Hong Kong: Kotak Mahindra Bank Ltd, the fourth biggest Indian lender by market capitalisation, More...

By Loknath Das On Wednesday, May 10th, 2017
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SBI Bank Account: Here Are More Ways To Transfer Your Money

SBI or State Bank of India is offering a new facility that helps customers transfer money using their accounts on social media sites Facebook and Twitter. Users can “conveniently transfer funds” by More...

By Loknath Das On Thursday, May 4th, 2017
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UPDATE 2-Nigeria central bank lifts currency ban for small imports

May 4 Nigeria’s central bank has lifted a ban on currency allocation for importers bringing in goods worth up to $20,000 per quarter, it said in a circular seen by Reuters on Thursday. The bank in 2015 placed More...

By Loknath Das On Tuesday, May 2nd, 2017
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SBI Minimum Balance On Savings Bank Accounts: How Much Fine You Have To Pay

  SBI or State Bank of India is charging a fine on savings bank account customers not meeting the average monthly balance requirement. The amount of penalty for non-compliance with the monthly average balance More...

By Loknath Das On Sunday, April 30th, 2017
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PNB loans to get cheaper as bank cuts MCLR rates from May 1

Public sector lender Punjab National Bank has decided to cut its marginal cost of funds-based lending rate (MCLR) by 10-15 basis points across different maturities from May 1. The revised MCLR, the internal benchmark More...

By Loknath Das On Tuesday, April 25th, 2017
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SBI Savings Bank Account Minimum Balance How Much Fine You Have To Pay

SBI or State Bank of India is charging a fine on savings bank account customers not meeting the average monthly balance requirement. The amount of penalty for non-compliance with the monthly average balance or More...