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Union Cabinet okays merger of SBI, 5 associate banks

Union Cabinet okays merger of SBI, 5 associate banks

Seeking to create a global-sized bank, the Cabinet on Wednesday gave the go-ahead to the merger plan of SBI and its five associates, a step aimed at strengthening the banking…

SBI Q3 profit jumps 71% to Rs 2,152 cr

SBI Q3 profit jumps 71% to Rs 2,152 cr

Country’s largest lender State Bank of India posted a 71 per cent rise in consolidated net profit at Rs 2,152.2 crore for the third quarter ended December 31, 2016. The…

RBI keeps lending rate unchanged at 6.25%

RBI keeps lending rate unchanged at 6.25%

For the second time in a row, the Reserve bank on Wednesday opted for a status quo in its key rates but shifted the stance of the monetary policy from…

RBI to soon put new Rs 100 banknotes in circulation

RBI to soon put new Rs 100 banknotes in circulation

The Reserve Bank will soon put into circulation new Rs 100 banknotes which will be similar to the design of the ones in Mahatma Gandhi Series-2005. “The Reserve Bank will…

SBT Net loss touches Rs 67.76 crore in Q3

SBT Net loss touches Rs 67.76 crore in Q3

Public sector State Bank of Travancore (SBT) has recorded a Net loss of Rs 67.76 crore for the quarter ending December, 2016. Due to higher provisions for NPA (including additional…

RBI lifts restrictions on withdrawals from ATMs, current accounts

RBI lifts restrictions on withdrawals from ATMs, current accounts

In a big relief to people and small businesses, RBI on Monday announced lifting of restrictions on daily withdrawal of money from ATMs and from current accounts but the weekly…

RBI may lift weekly cash withdrawal limit by February end

RBI may lift weekly cash withdrawal limit by February end

With the cash crunch situation easing, the Reserve Bank might do away with the weekly withdrawal limits from banks as well as ATMs by the end of next month, bankers…

No records of fake currency deposited in banks: RBI

No records of fake currency deposited in banks: RBI

There is no record available of the fake currency which has been detected in the demonetised notes deposited in banks, Reserve Bank of India has said. Responding to an RTI…

Section of bank employees threaten nation-wide strike on Feb 7

Section of bank employees threaten nation-wide strike on Feb 7

A section of bank trade unions have threatened to go on a day-long nation-wide strike on February 7 to press various demands including complete removal of restrictions imposed during demonetisation…

RBI raises ATM withdrawal limit to Rs 10,000 a day

RBI raises ATM withdrawal limit to Rs 10,000 a day

In a major relief, the Reserve Bank on Monday more than doubled the daily ATM withdrawal limit to Rs 10,000 but retained the weekly ceiling at Rs 24,000. RBI however…

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