The RBI itself has reduced its growth estimate down to 6.9 per cent for FY20, from the seven per cent it had projected in its June policy.
08 Aug 2019 1:59 AM
The private sector lender plans to raise about $1.2 billion, at least part of which is likely by the end of the second quarter.
06 Aug 2019 2:42 AM
Anshula Kant has also been instrumental in cleaning the balance sheet of SBI which had a high proportion of bad loans as the economy slowed down.
04 Aug 2019 12:01 AM
The lender had reported a net loss of Rs 4,876 crore during Q1FY19.
03 Aug 2019 1:18 AM
The bank said it downgraded Rs 2,242 crore into the BB pool during the quarter mostly from stressed groups.
31 Jul 2019 2:07 AM
Sovereign bond rallied on Monday with the benchmark 10-year security dropping nine basis points to 6.43 per cent.
30 Jul 2019 1:21 AM
For five years to up to 10 years, the new rate is 6.5 per cent.
30 Jul 2019 1:21 AM
The currency manipulator tag has gained greater focus in the heat and dust of trade wars.
27 Jul 2019 7:59 AM
According to Soumya Kanti Ghosh, Group Chief Economic Advisor, State Bank of India, the future is "uncertain" for payments banks.
23 Jul 2019 1:04 AM
The private lender had reported a profit of Rs 1,260 crore in the same quarter last year.
18 Jul 2019 1:32 AM
Policies sold rose 8.4 per cent YoY in June 2019, while the retail APE ticket size fell by 7.7 per cent YoY.
17 Jul 2019 7:05 AM
NBFC margins may be affected by higher share of fixed rate book and higher costs.
12 Jul 2019 1:52 AM
On Thursday, the RBI released the results of the March 2019 round, along with the summary time series data since March 2015.
12 Jul 2019 1:49 AM
Credit costs are expected to moderate for corporate-heavy banks such as ICICI Bank, Axis Bank and State Bank of India.
11 Jul 2019 1:55 AM
The infrastructure sector, property developers, some domestic producers and securitization transactions.
10 Jul 2019 3:06 AM
On Tuesday, State Bank of India announced a cut in its marginal cost of funds-based lending rate (MCLR) by 5 bps across all tenors effective July 10.
10 Jul 2019 2:48 AM
The domestic currency closed lower by 23 paise at 68.65 on Monday compared to previous trading day's closing of 68.42.
09 Jul 2019 3:14 AM
FM said that the financial gains from cleaning of the banking system are clearly visible and that NPAs have reduced by over Rs 1 lakh crore last year.
06 Jul 2019 8:06 AM
The move to use Aadhaar number for filing returns is expected to ease the tax-filing process.
06 Jul 2019 7:09 AM
RBI gives Rs 1.34L cr liquidity boost to banks to improve flow of credit.
06 Jul 2019 2:02 AM