Thiruvananthapuram
C
Alappuzha
Ernakulam
Idukki
Kannur
Kasaragod
Kollam
Kottayam
Kozhikode
Malappuram
Palakkad
Pathanamthitta
Thiruvananthapuram
Thrissur
Wayanad
Wednesday, July 08, 2020

banking

SBI cuts MCLR by 5-10 bps for shorter tenors

Country's largest lender State Bank of India (SBI) said it has reduced its marginal cost of funds based lending rate (MCLR) by 5-10 basis points (bps...

New rules for bank account holders, ATM card users

New Delhi: Several new rules for financial transactions relating to ATM withdrawals, minimum bank account balance, mutual funds and Atal Pension Yoja...

Canara Bank shares tank nearly 7%

Shares of Canara Bank on Thursday fell by nearly 7 per cent after the company reported a standalone net loss of Rs 3,259 crore for the quarter ended ...

Cooperative banks to be brought under RBI supervision

New Delhi: The government said all cooperative banks and multi-state cooperative banks will come under the supervision of the Reserve Bank of India, ...

SBI cuts fixed deposit interest rates by 40 bps

Mumbai: India's largest public sector bank State Bank of India (SBI) cut fixed deposit interest rate by 40 basis points across all tenors.This is the...

HDFC Q4 net falls to Rs 2,233 cr

HDFC posted a net profit of Rs 2,233 crore for the quarter ended March 31, down from Rs 2,862 crore in the corresponding quarter of the previous year...

RBI extends moratorium period by 3 months

New Delhi: In his third such address since the coronavirus-induced lockdown began on March 25, Reserve Bank of India (RBI) Governor Shaktikanta Das c...

RBI may extend moratorium on repayment of loans for 3 more months: Report

Mumbai: With the government extending the nationwide lockdown up to May 31, the Reserve Bank of India (RBI) is likely to extend the moratorium on rep...

Zubair Iqbal appointed as MD of J-K Bank

The Jammu and Kashmir administration on Friday approved the appointment of senior vice president of HDFC Bank Zubair Iqbal as the new managing direct...

Kotak Mahindra Bank Q4 profit down 4% to Rs 1,952 cr

Kotak Mahindra Bank reported 4 per cent decline in consolidated net profit at Rs 1,951.82 crore for the fourth quarter ended March 2020 due to COVID-...

PSBs sanctioned Rs 5.66 lakh cr loans during Mar-Apr: Minister

Finance Minister Nirmala Sitharaman said public sector banks (PSBs) sanctioned loans worth Rs 5.66 lakh crore to borrowers during March and April, an...

RBL Bank net profit declines 54% in March quarter

RBL Bank reported a 54 per cent decline in its net profit to Rs 114 crore for the March 2020 quarter, as the provisioning for bad loans spiked manyfo...

SBI hikes home loan rates by up to 30 basis points

Mumbai: State Bank of India (SBI) has raised its home loan rates that are linked to repo rate by up to 30 basis points, a move which may be followed ...

SBI to extend moratorium to NBFCs

The country's largest lender SBI has decided to extend the RBI-approved moratorium to the cash-strapped NBFC sector to help them tide over the crisis...

HDFC Bank Q4 net rises 15.4% to Rs 7,280 cr

Private sector lender HDFC Bank on reported a 15.4 per cent rise in consolidated net profit at Rs 7,280.22 crore for the fourth quarter of 2019-20. ...

RBI bans banks, cooperatives from paying dividends

The Reserve Bank debarred all commercial and cooperative banks from paying dividends to shareholders and promoter groups as the regulator fears the C...

RBI cuts reverse repo by 25 bps to 3.75%

The Reserve Bank of India Governor Shaktikanta Das said the central bank will ensure adequate liquidity in the system to ease the financial stress ca...

RBI remains net purchaser of dollar in Feb; buys $9.14 bn

The Reserve Bank of India (RBI) continued to be a net purchaser of the US dollar after it bought $9.144 billion in February on a net basis from the s...

SBI cuts savings rate to 2.75%

Country's largest lender SBI said it has cut savings rate by 0.25 per cent to 2.75 per cent on all deposits.The new rate will come into effect from A...

Canara Bank is now India's 4th largest public sector bank

Canara Bank said that following its merger with Syndicate Bank, it is now the fourth largest state-owned bank by assets.The bank said that the combin...