Home » Archives by category » Business » Banking (Page 79)

Buy State Bank of India; target of Rs 2380: KRChoksey

Buy State Bank of India; target of Rs 2380: KRChoksey

KRChoksey is bullish on State Bank of India (SBI) and has recommended buy rating on the stock with a target of Rs 2380 in its August 13, 2012 research report.…

Banks to pay for cheque clearance delay

Banks to pay for cheque clearance delay

In a big relief to the bank customers, the Reserve Bank on Monday asked the banks to compensate them for delay in clearance of local cheques. Banks, as per the…

China data signals economy may need urgent policy action

China data signals economy may need urgent policy action

Chinese data dealt policymakers fresh blows on Friday as trade and new bank lending suggested pro-growth policies have been slow to gain traction and more urgent action may be needed…

Ground realities may hurt Chidambaram’s agenda

Ground realities may hurt Chidambaram’s agenda

Faced with impatient financial markets and the threat that India’s credit rating could be cut to junk, Chidambaram has wasted no time since moving into his old ministry last week.…

Rs 26,000 crore left unclaimed in bank, provident fund accounts

Rs 26,000 crore left unclaimed in bank, provident fund accounts

Investors have not claimed over Rs 26,000 crore from their provident fund (PF) accounts, insurance companies and bank fixed deposits, data released by the finance ministry revealed. A large part…

Teaser home loans can be freely pre-paid during floating rate phase

Teaser home loans can be freely pre-paid during floating rate phase

Borrowers who availed of dual rate home loans, which were hugely popular between 2009 and 2011, will be allowed to pre-pay loans during the floating rate phase without a penalty.…

BSE Sensex up 189 pts at one-month high on reform hopes

BSE Sensex up 189 pts at one-month high on reform hopes

Bolstered by Finance Minister’s statements, the BSE Sensex on Tuesday surged by nearly 189 points – its highest level since July 10 – with investors buying shares in banking, auto,…

SBI cuts rates on NRE/NRO deposits

SBI cuts rates on NRE/NRO deposits

State Bank of India on Monday said it has reduced interest rates in NRE/NRO deposits of five years and more maturity, to 8.50 per cent. “The bank has decided to…

Most consumers feel bank loan rates are high

Most consumers feel bank loan rates are high

The Reserve Bank of India’s decision to leave key policy rates unchanged in its latest quarterly review is likely to leave not just industry but also consumers disappointed. The RBI’s…

SBI cuts interest rates on term deposits of over 5 years

State Bank of India, the country’s largest lender, has announced that it will reduce interest rates on domestic term deposits of five year period, or more, to 8.5 per cent…