Tue, Jan 30, 2018
The rating agency also expects the incremental bank credit offtake to surge in the current quarter
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Fri, Aug 11, 2017
Since the start of fiscal year 2017-18 (FY18) all scheduled commercial banks (SCBs) business ( advances and deposits has seen decline in both year-to-date (YTD) and year-on-year (YoY) basis.
Wed, Aug 02, 2017
RBI feels base rate has turned out to be cause of concern which is why it has appointed a group to study various aspects of the MCLR system.
Wed, Jul 05, 2017
Till now, no private banks have announced the reduction of interest rates. SBI rivals ICICI Bank and HDFC Bank still hold rates on one-year deposits under Rs 1 crore at 6.9%.
Wed, Jun 21, 2017
Urjit Patel, during the MPC meeting held on June 6-7, also underlined the need for resolution of stressed assets of banks and timely recapitalisation of public sector lenders.
Mon, May 01, 2017
According to the new structure, for two to less than three years deposits, SBI will offer a rate of 6.25 per cent as compared to 6.75 per cent earlier, the bank said. For the similar maturity, the deposit rates for senior citizen have been cut to 6.75 per cent from 7.25 per cent.
Fri, Mar 31, 2017
The government has lowered interest rates on small saving schemes like Public Provident Fund (PPF), Kisan Vikas Patra and Sukanya Samriddhi Scheme by 0.1% for the April-June quarter of the fiscal year 2017-18 (FY18).
Tue, Jan 24, 2017
Find out how Utkarsh Small Finance Bank will offer higher deposit rates to customers.
Thu, Nov 24, 2016
Days after Prime Minister Narendra Modi signalled that rates are on the way down, State Bank of India (SBI) on Wednesday slashed bulk deposit rates by up to 1.9% taking advantage of the surge in deposits following demonetisation.
Tue, Aug 30, 2016
Indian economy is estimated to grow at 7.8% in the current financial year of 2016-17 (FY17) on the back of good monsoon, better performance of agriculture and industry sector, said a latest survey by Ficci.
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