Personal finance

Earlier on October 22, bank employees affiliated to AIBEA went on a one-day nationwide strike to protest against the merger of state-owned banks. (File)Employee unions of public sector banks on Tuesday held day-long dharna here opposing…
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Raising the issue during Zero Hour in the Upper House, TMC member Manish Gupta said, “Public sector banks have suffered hugely because of this scheme as collateral is not mandatory under the scheme.” (Reuters)Voicing concern over…
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SBI shares are trading about 2.4% higher at Rs 328 on BSE. Image: PTIEven as rumours of India’s largest lender SBI being asked to take over loss-making private sector lender YES Bankcontinue to abound, Prashant Kumar, CFO of SBI has…
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The bank will organise its 26th AGM on December 15 in Kathmandu.Nepal SBI Bank, a subsidiary of State Bank of India, has posted a Rs 229.25 crore net profit for 2018-19, registering a growth of 13.29 per cent.The bank mobilised total…
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The loan will be utilised to part finance the capital expenditure of NTPPower generation company NTPC on Saturday said it has signed a term loan agreement for Rs 5,000 crore was signed with State Bank of India (SBI).The loan facility has…
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The Centre had announced that the United Bank of India and Oriental Bank of Commerce would be merged with Punjab National Bank, making the proposed entity the second largest public sector bank.Alleging that some private banks were trying…
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The Prime Minister said the recent sharp cut in the corporate tax rate will promote investment and spur manufacturing in India. (File)Prime Minister Narendra Modion Friday sought to assuage fears of already risk-averse bankers,…
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“Incidentally, the net-worth of all SFBs currently in operation is in excess of Rs 200 crore,” the RBI said in the guidelines.The Reserve Bank of India (RBI) on Thursday allowed payments banks (PBs), which have been in operation forat…
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Das said the pause was temporary and the central bank wanted to assess the effect of its policy after reduction of 135 basis points in five policies this year.The Reserve Bank of India is expected to retain a dovish bias going forward…
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The proposed tightening of norms comes after the PMC Bank scam, which revealed that the bank had an exposure of over Rs 6,500 crore or 73% of its total assets to real estate firm Housing Development and Infrastructure (HDIL).By…
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