Archives for Banks - Page 2
SBI unveils new home loan scheme for working executives
State Bank of India (SBI), country’s largest public sector lender, has unveiled a new home loan scheme ‘SBI FlexiPay Home Loan’ for young working professionals/executives. Under this new scheme, borrowers…
RBI keeps interest rates unchanged
The Reserve Bank of India on Tuesday kept key interest rates unchanged at , in line with market expectations saying that it awaits further data on the development of inflation…
HSBC to Freeze Salaries, Hiring in 2016: Report
London: Europe's largest lender, HSBC, is imposing a hiring and pay freeze across the bank globally in 2016, two sources familiar with the matter told Reuters. An email was sent…
Bad debt concerns haunt private bank stocks, ICICI Bank down 7%
NEW DELHI: Shares of select private sector lenders took a beating, falling as much as 7 per cent, in Friday's session after ICICI Bank's December quarter results revived concerns over…
RBI seen easing only once this year as inflation climbs: Poll
The Reserve Bank of India (RBI) is expected to leave its key interest rate steady at percent next week and only make one cut this year as rising inflation ties…
5 takeaways from HDFC Bank Q3 numbers
HDFC Bank in its December 2015 quarter numbers once again proved why it’s the most valued banking stock in the market. The bank has maintained steady growth on almost all…
Raghuram Rajan says – there is need to avoid beggar-thy-neighbour policies
RBI Governor Raghuram Rajan has said there is need to avoid beggar-thy-neighbour policies and sustained exchange-rate intervention that primarily induce capital outflows and competitive currency devaluations. "In an ideal world,…
Government Bank Employees to Go on Strike on Friday
New Delhi: A section of public sector banks' employees will observe one-day strike across the country on Friday to protest violation of bilateral settlement agreement by associate banks of State…
SBI, with Rs 1600 cr loan to Kingfisher Air, finally tags Vijay Mallya wilful defaulter
Mumbai - After a protracted legal battle, State Bank of India has declared industrialist Vijay Mallya a ‘wilful defaulter’ for defaults on nearly Rs 7,000 crore loans to the long-grounded…
RBI Staff Strike Hits Some Banking Operations
Mumbai: The Reserve Bank of India's settlement systems for banks and markets were not functional so far in the day as about 17,000 employees went on a strike called by…
Let’s make taxation more transparent, investor-friendly: RBI’s Raghuram Rajan
Reserve Bank Governor Raghuram Rajan has underlined the need to make taxation more transparent so that the Indian economy is able to attract stable inflow of foreign capital for strong…
Bank of Baroda fraud: RBI’s Rajan says guilty will have to pay the price
Aizawl: Expressing concern over illegal Rs 6,000 crore transfer of funds through a Bank of Baroda (BoB) branch, RBI Governor Raghuram Rajan said it will be pursued both by the…