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RBI refuses to disclose list of loan defaulters

RBI refuses to disclose list of loan defaulters

The Reserve Bank of India (RBI) has refused to make public the list of loan defaulters with public sector banks despite an order of the Supreme Court in 2015 to…

Paytm starts payments bank; offers 4% interest, cashbacks

Paytm starts payments bank; offers 4% interest, cashbacks

Targeting 500 million customers by 2020, digital payments firm Paytm on Tuesday launched its payments bank with 4 per cent interest rate and cashbacks on deposits, zero fees on online…

SBI Q4 net more than doubles to Rs 2,815 cr

SBI Q4 net more than doubles to Rs 2,815 cr

The country’s largest lender SBI reported more than doubling of its net profit at Rs 2,814.82 crore for the March quarter. The public sector bank had registered a standalone net…

ICICI Bank cuts home loan rate by 0.3%

ICICI Bank cuts home loan rate by 0.3%

Private sector player ICICI Bank slashed home loan rate by up to 0.3 per cent for loans of up to Rs 30 lakh, bringing it in line with the country’s…

SBI to allow ATM withdrawals via e-wallet

SBI to allow ATM withdrawals via e-wallet

The largest lender State Bank of India will introduce new facility that would enable withdrawal of cash through ATMs using the bank’s mobile wallet. However, the bank will charge Rs…

SBI cuts affordable home loan rates by up to 0.25%

SBI cuts affordable home loan rates by up to 0.25%

India’s largest lender SBI on Monday announced a steep interest rate reduction of up to 25 basis points for affordable housing loans, offering 8.35 per cent to new women borrowers.…

President promulgates ordinance on NPA resolution

President promulgates ordinance on NPA resolution

President Pranab Mukherjee on Friday promulgated an ordinance authorising the Reserve Bank to issue directions to banks to initiate insolvency resolution process in the case of loan default. This will…

SBI reduces term deposit rates by up to 50 basis points

SBI reduces term deposit rates by up to 50 basis points

Country’s largest lender State Bank of India has cut its term deposit rates by up to 50 basis points for various maturities. The rates have been revised for medium and…

Kerala co-op bank to be a reality soon; report submitted

Kerala co-op bank to be a reality soon; report submitted

The proposed Kerala Co-Operative Bank, an ambitious initiative of the CPI(M)-led LDF government, is likely to become a reality in 18 months with a committee submitting its report on its…

Steps for forming Kerala bank on, says Minister

Steps for forming Kerala bank on, says Minister

Finance Minister T.M Thomas Isaac on Wednesday said that the expert committee formed to study various aspects of the proposed Kerala Cooperative Bank would submit its report in three days.…

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