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New home buyers will get loans at interest rates starting from 7.9% p.a., it added.State Bank of Indiaon Monday reduced its external benchmark based rate (EBR) by 25 basis points to 7.8% p.a. from 8.05% p.a. with effect from January…

Little is known about the digital yuan except that it’s been in the works for five years and Beijing is nearly ready to roll.So is China readying its own Bitcoin? Banish the thought.It’s far bigger than that. Yes, just like any other…

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Khara added that the gross bad asset value is a function of the state of the economy and the stress on balance sheets.State Bank of India (SBI) may see some gross non-performing assets (NPAs) arising out of the corporate portfolio in the…

In fiscal 2017-2018, banks filed 33.17 lakh cases with Lok Adalats, and managed to recover only Rs 1,811 crore from disputed amount of Rs 45,728 crore; which is about 4% of the disputed amount.While Indian Scheduled commercial banks…

In a separate order, Sebi levied a fine of Rs 5 lakh on Satco Capital Markets Ltd for misusing the clients’ funds on several instances.Markets regulator Sebi on Monday levied a fine of Rs 5 lakh on India Advantage Securities Ltd for…

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In a draft circular, the RBI said large exposure of banks to single borrowers/parties or groups of connected borrowers/parties leads to credit concentration risk.The RBIon Monday proposed reduction in loan amount an urban co-operative…

FASTag will be mandatory for motorists using the national highways from January 15, 2020.All authorised payment systems and other instruments including non-bank PPIs, cards and UPI will now be permitted for linking with the FASTags to…

Near-term supply surplus to remain despite incremental production cut by OPEC+ cartel IEA estimates global oil inventories to increase by 0.7 mn b/d in Q1CY20 notwithstanding reduction in supplies by the OPEC+ cartel.We expect crude oil…