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Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

Business

SBI proposes to dilute stake in credit card business

The country's largest lender currently holds 74 per cent stake in SBI Cards & Payment Services Private Limited.

14 Aug 2019 3:58 PM IST

Global ratings agency Fitch on Monday said it is doubtful about the strength of corporate governance at ICICI Bank, amid allegations of impropriety against its MD and Chief Executive Officer Chanda Kochhar.

Business

ICICI Bank reviews fixed deposit rates; here are the latest FD rates

Senior citizens continue to get higher interest rates than the general public.

14 Aug 2019 3:27 PM IST

Indias GDP growth forecast for the current fiscal to 7 per cent from 7.4 per cent.

Business

India's bond rally fizzles on government spending fears

Indian banks have been reluctant to fully pass on the benefit of the policy rate cuts to their borrowers.

14 Aug 2019 12:19 PM IST

Business

RBI not done with easing, to cut in October and early next year:...

If the RBI does cut rates in Oct and early next year it will be the most aggressive amongst major central banks in...

9 Aug 2019 2:08 PM IST

Business

Reserve Bank of India survey shows Indian companies are stressed over...

Companies are very despondent about the cost of capital. They are also less cheerful than earlier on availability of...

8 Aug 2019 4:04 PM IST

Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

Business

Will RBI repo rate cut benefits be passed on to you by banks?

Banks reduced their weighted average lending rates on fresh rupee loans by 0.29 pc amid the current easing stage so far.

8 Aug 2019 12:43 PM IST

Auto experts said the fall in automobile sales were due to lack of liquidity in the financial system, decline in overall economic activity and an increase in prices of vehicles across segments.

Business

Indian auto executives seek tax cuts, easier finance access to revive...

Executives from across the sector also asked the government to provide incentives to scrap old vehicles.

8 Aug 2019 9:18 AM IST

$With multiple agencies probing the alleged Rs 13,000-crore fraud at state-run Punjab National Bank, the Reserve Bank of India (RBI) says it has conducted its scrutiny and the matter is currently under examination for \enforcement action\.$ Business

RBI cuts risk weight on consumer loans to 100 per cent

On a review, it has been decided to reduce the risk weight for consumer credit, including personal loans, RBI statement...

7 Aug 2019 7:35 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

Business

RBI to cover all repetitive bill payments under Bharat Bill Payments...

A detailed guideline in this regard will be issued by September-end.

7 Aug 2019 3:00 PM IST

The SBI has announced the launch of its UK subsidiary, SBI (UK) Limited, with an initial capital commitment of 225 million pounds from its parent entity.

Business

SBI lowers lending rates by 15 bps from August 10

The new one-year MCLR or the marginal cost based lending rates will come down to 8.25 per cent from 8.40 pc annum.

7 Aug 2019 2:45 PM IST

Business

RBI to allow round-the-clock fund transfers under NEFT from December

RBI had said that it will make available the NEFT system on a 24x7 basis from December 2019.

7 Aug 2019 1:46 PM IST

The previous high quarterly GDP growth was recorded in July-September period in 2014-15 at 8.4 per cent. (Representational Image)

Business

RBI lowers GDP growth forecast to 6.9 pc for FY'20 on demand,...

The RBI said various high frequency indicators suggest weakening of both domestic and external demand conditions.

7 Aug 2019 1:36 PM IST