Home » Archives by category » Business » Banking (Page 2)

SBI, CREDAI ink MoU for concessional loan for housing projects

SBI, CREDAI ink MoU for concessional loan for housing projects

State-owned SBI and realtors’ body CREDAI have signed an agreement to provide loans at a concessional rate to builders as well as customers for affordable housing projects. SBI and CREDAI…

Au Small Finance Bank commences operations

Au Small Finance Bank commences operations

Jaipur-based Au Small Finance Bank started its operations as a small finance bank. “Au Small Finance Bank Limited has commenced operations as a small finance bank with effect from April…

ESAF Small Finance Bank launches social deposit scheme

ESAF Small Finance Bank launches social deposit scheme

ESAF Small Finance Bank has launched a social deposit scheme called ‘Hrudaya Deposit’ at a function held in Thrissur. “The significance of the scheme is that a customer who deposit…

RBI keeps repo rate unchanged at 6.25%

RBI keeps repo rate unchanged at 6.25%

The Reserve Bank of India kept its repo rate unchanged at 6.25 percent for a third consecutive policy meeting on Thursday as it continues to guard against any potential flare-up…

SBI hikes minimum balance for savings a/c, other charges

SBI hikes minimum balance for savings a/c, other charges

SBI has started charging more from its millions of account holders, including those of the 6 lenders merged with it this month, for not maintaining minimum balance as well as…

2,800 employees of SBI’s associate banks opt for VRS

2,800 employees of SBI’s associate banks opt for VRS

Only 2,800 employees of five associate entities of State Bank of India have so far applied for voluntary retirement scheme (VRS) out of more than 12,000 who are eligible for…

State Bank of Travancore to bid adieu on Saturday

State Bank of Travancore to bid adieu on Saturday

Seventy two years after coming into being in Kerala, the curtains will come down on the State Bank of Travancore (SBT) on Saturday following its merger with parent State Bank…

SBI to raise stake in SBI Card to 74% by June-end

SBI to raise stake in SBI Card to 74% by June-end

The country’s largest lender State Bank of India (SBI) said it will increase its stake in SBI Card to 74 per cent by end of June. “Stake will be increased…

RBI puts 4 public sector banks under watch on asset quality concerns

RBI puts 4 public sector banks under watch on asset quality concerns

The Reserve Bank of India (RBI) has put four public sector lenders, including IDBI Bank and Indian Overseas Bank, under watch and advised them to stay off risky assets so…

Bharatiya Mahila Bank to merge with SBI

Bharatiya Mahila Bank to merge with SBI

The government on Monday said it has decided to merge the Bharatiya Mahila Bank (BMB) with the State Bank of India (SBI) to ensure greater banking services outreach to more…