Tag archive for ‘Bank’
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...

By Loknath Das On Wednesday, May 24th, 2017
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Uday Kotak Sells Rs. 1,687 Crore Stake In Kotak Mahindra Bank

Mumbai: Uday Kotak, the billionaire head of India’s Kotak Mahindra Bank Ltd, sold a less than 1 percent stake in the lender in stock market transactions on Monday, complying with a central bank order to cut More...

By Loknath Das On Wednesday, May 24th, 2017
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Paytm Payments Bank launched, offers 4% interest rate on savings account

Mumbai: Paytm Payments Bank Ltd on Tuesday rolled out its banking operations. With the launch of Paytm Payments Bank, there are now three payments bank in the country, including Airtel Payments Bank Ltd and India 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 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...