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Can’t share details of govt response on Sharia banking: RBI

Can’t share details of govt response on Sharia banking: RBI

The response given by the Finance Ministry on an RBI report about the introduction of Sharia banking in India cannot be disclosed, the central bank has said. The Reserve Bank…

Five associate banks to merge with SBI from April 1

Five associate banks to merge with SBI from April 1

All the five associates will merge with State Bank of India from April 1, in the largest consolidation exercise in the banking history of India. The assets of State Bank…

Ahead of merger with SBI, associate SBT to raise up to Rs 600 cr

Ahead of merger with SBI, associate SBT to raise up to Rs 600 cr

Ahead of its proposed merger with parent SBI, State Bank of Travancore (SBT) will raise up to Rs 600 crore to shore up additional tier-I capital by issuing Basel compliant…

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…