Thiruvananthapuram
C
Alappuzha
Ernakulam
Idukki
Kannur
Kasaragod
Kollam
Kottayam
Kozhikode
Malappuram
Palakkad
Pathanamthitta
Thiruvananthapuram
Thrissur
Wayanad
Monday, October 21, 2019

banking

HDFC lowers lending rates by 10 bps to 8.25%

Mortgage major HDFC announced a 0.10 percentage points reduction in its floating rates, joining a growing list of lenders which are revising down the...

SBI brings back processing fee on home loans

After reducing deposit rates for its customers, State Bank of India has now decided to charge processing fees for home loans, top-up plans and loans ...

RBI gives nod for 'Kerala Bank'

The Kerala government's long pending dream of setting up its own bank, by merging district co-operative banks, is all set to become a reality with th...

RBI rejects proposed merger of Lakshmi Vilas Bank with Indiabulls

The Reserve Bank of India (RBI) has rejected the proposed merger of Lakshmi Vilas Bank Limited (LVB) with Indiabulls Housing Finance Limited (IBH), t...

SBI lowers rates on non-repo-linked loans by 10 bps

State Bank of India (SBI) announced reduction in its marginal cost of fund based lending (MCLR) rate by 10 basis points across all tenors, effective ...

RBI cuts key interest rate by 0.25% to support growth

The Reserve Bank on Friday cut its key rates by 0.25 per cent to boost economy from six-year low saying reduction was necessary to revive growth. Wit...

Rajat Monga quits Yes Bank

Rajat Monga, the senior group president and former chief financial officer at the troubled lender Yes Bank, has quit, chief executive Ravneet Gill sa...

34 functional teams to smoothen merger of UBI, PNB, OBC

A total of 34 functional teams have been formed to smoothen the process of merger of United Bank of India (UBI), Punjab National Bank (PNB) and Orien...

RBI allows PMC customers to withdraw Rs 10,000

In a relief to the harried customers of crisis-hit Punjab & Maharashtra Cooperative Bank, the Reserve Bank on Thursday increased the cash withdra...

RBI rebuts social media rumours on closer of 9 banks

Rebutting social media rumours swiftly, the Reserve Bank of India said no commercial banks are going to be shut. Finance secretary Rajiv Kumar discri...

RBI imposes restrictions on PMC Bank

The Reserve Bank on Tuesday imposed operational restrictions on Punjab and Maharashtra Co-operative Bank (PMC Bank), resulting in chaos outside its b...

RBI allows payment of all recurring bills through BBPS

In a consumer friendly initiative, the RBI on Monday expanded the scope of Bharat Bill Payment System (BBPS) to cover all repetitive bill payments, w...

SBI to move RBI to offer fixed-floating rate home-loans

The largest lender State Bank of India will be seeking clarifications from the Reserve Bank whether it can offer long-term home loans with fixed rate...

AP cabinet wants Centre to retain name of Andhra Bank

The Andhra Pradesh Cabinet demanded that the Centre retain the name of Andhra Bank, in the wake of the move to merge it with Union Bank of India and ...

Cabinet clears Rs 9,300-cr capital infusion in IDBI Bank

The Cabinet approved a capital infusion plan worth Rs 9,300 crore for IDBI Bank. The Cabinet cleared the IDBI Bank recapitalisation plan with a one-t...

No job loss due to merger of banks: Minister

Finance Minister Nirmala Sitharaman allayed fears of job losses following the proposed merger of public sector banks, saying not even one employee sh...

PSBs gross NPAs down to Rs 7.9 lakh cr: Minister

Finance Minister Nirmala Sitharaman said the profitability of public sector banks has improved and total gross non-performing assets have come down t...

SBI plans to establish nearly 10 lakh YONO Cash Points

State Bank of India, the country's largest lender, is planning to establish nearly 10 lakh YONO Cash Points in the country over 18 months, said its C...

SBI aims to eliminate debit cards to promote digital transactions

If the country's largest lender State Bank of India (SBI) has its way, it may herald the beginning of the end of the ubiquitous debt cards from the b...

Credit demand subdued, economy needs stimulus: SBI chief

State Bank of India (SBI) Chairman Rajnish Kumar said credit demand remains subdued and there is a need for stimulus in the economy.Though lack of cr...

Punjab & Sind Bank cuts MCLR by up to 20 basis points

State-owned Punjab & Sind Bank (PSB) said it has lowered its marginal cost of funds based lending rate (MCLR) by up to 0.20 per cent for various ...

FinMin asks PSBs to seek ideas for achieving USD 5-trillion economy

The Finance ministry has asked public sector banks (PSBs) to initiate a month-long consultation process with officers starting from branch level to s...

SBI lowers lending rates by 15 bps

Within hours of a steeper 35 basis points reduction in the repo rates by the Reserve Bank to 5.4 percent in its fourth consecutive steps, the largest...

RBI cuts interest rate by 35 bps

The Reserve Bank on Wednesday cut key interest rate for the fourth consecutive time, as it reduces repo rate by 35 basis points to 5.40 per cent to b...

Law which allowed circulation of Rs 1000 notes in 1999 scrapped

A law which allowed the Reserve Bank of India to circulate Rs 1000 denomination notes to tide over the shortage of currency in the late 1990s has bee...

RBI imposes Rs 11 cr fine on seven PSBs

The Reserve Bank on Friday said it has imposed a collective penalty of Rs 11 crore on seven public sector banks for violating norms on current accoun...

SBI reports Rs 2,312 cr net profit in Q1

Country's largest bank SBI posted a standalone net profit of Rs 2,312.02 crore for the first quarter of current fiscal, mainly driven by higher incom...

RBI panel for hike in collateral free lending

A committee constituted by the RBI has recommended increase in the collateral free lending limit to Rs 20 lakh for MSMEs and self-help groups, Parlia...

Kotak Mahindra Bank Q1 net profit jumps 33%

Kotak Mahindra Bank reported a jump of 23 per cent in its consolidated net profit at Rs 1,932 crore in the first quarter ended June 30. The private s...