Thiruvananthapuram
C
Alappuzha
Ernakulam
Idukki
Kannur
Kasaragod
Kollam
Kottayam
Kozhikode
Malappuram
Palakkad
Pathanamthitta
Thiruvananthapuram
Thrissur
Wayanad
Thursday, April 09, 2020

banking

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...

HDFC Bank offers loan deferment option to customers

HDFC Bank offered to defer EMIs in the wake of the coronavirus pandemic. The bank in an email to its customers said the prevailing situation may pose...

SBI, Bank of Baroda, announce EMI moratorium

Following the Reserve Bank of India (RBI) directive to banks on March 27 to provide a three-month moratorium on repayment of term loans, most public ...

SBI slashes lending, deposit rates

Hours after the Reserve Bank of India announced 75 basis points cut in repo rates, State Bank of India (SBI) passed on the complete rate cut benefits...

Indian banking system is safe, says RBI Governor

Allaying depositors' concerns, RBI Governor Shaktikanta Das asserted there Indian banking system is safe, and termed linking banks' share prices to s...

RBI cuts repo rate by 75 bps to 4.40%

In the wake of the coronavirus pandemic, the Reserve Bank of India (RBI) cut the repo rate by 75 basis points to 4.40 percent versus 5.15% earlier.Th...

Govt waives minimum bank balance charge for saving a/c

The government has allowed free of charge cash withdrawal from any other bank ATM for debit card holders for three months in the wake of the coronavi...

RBI to infuse Rs 1 lakh cr through term repo auction

In a bid to provide additional liquidity to the system hit by the coronavirus outbreak, the Reserve Bank of India (RBI) decided to inject Rs 1 lakh c...

COVID-19: SBI opens emergency credit line for borrowers

Amid businesses getting affected due to the novel coronavirus pandemic, the country's largest lender State Bank of India has opened an emergency cred...

Yes Bank reports Rs 18,564-cr loss for Dec quarter

Crisis-hit Yes Bank reported a loss of Rs 18,564 crore for the December quarter. The bank, which has been put under moratorium by the government last...

Moratorium on Yes Bank to be lifted on March 18

The government has notified the Yes Bank reconstruction scheme as per which the moratorium on the troubled private sector lender will be lifted on Ma...

ICICI Bank to invest Rs 1,000 cr in Yes Bank

ICICI Bank said its board has approved investing Rs 1,000 crore in Yes Bank. ICICI Bank board approves to acquire 100 crore equity shares in Yes Bank...

SBI gets approval to invest Rs 7,250 cr in Yes Bank

The country's largest lender State Bank of India said it has received approval to buy Rs 7,250 crore worth of shares in crisis-hit Yes Bank. "The exe...

Bandhan Bank to gradually pare micro credit exposure

Bandhan Bank Ltd will gradually lower exposure to microcredit in percentage terms over the next three to five years, its MD and CEO Chandra Sekhar Gh...

SBI waives minimum balance charges on savings bank accounts

India's largest bank SBI announced that it will waive charges for non-maintenance of average monthly balance (AMB) for all 44.51 crore savings bank a...

SBI cuts MCLR by up to 15 bps across tenors

The country's largest lender State Bank of India (SBI) said it has reduced its marginal cost of fund-based lending rate (MCLR) by up to 15 basis poin...

Yes Bank customers can pay credit bill through other bank accounts

Crisis-hit Yes Bank said that customers could now make payments towards their credit card and loans through other bank accounts, days after prominent...

SBI sets Rs 10,000-cr cap for Yes Bank investment

State Bank of India, which can pick up 49 per cent stake in crisis-hit Yes Bank under the RBI's draft scheme of reconstruction, has set a maximu...

SBI has shown interest in investing in Yes Bank: RBI

The RBI on Friday said the State Bank of India (SBI) has expressed willingness to invest in crisis-ridden Yes Bank. In a draft 'Yes Bank Ltd. Reconst...