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ICICI Bank, 7 Others Gain Rs 72259 Crore in Market Value

Jul 20, 2014 at 14:00 | Source: NDTV Profit

New Delhi: The market valuation of top eight Sensex companies surged by Rs 72,259 crore last week, with ICICI Bank, ONGC and State Bank of India (SBI) emerging as the major gainers. Barring ITC and Infosys, the remaining eight companies including Tat...

Bank recap prop on way

Jul 20, 2014 at 03:21 | Source: Calcutta Telegraph News

New Delhi, July 19: Finance minister Arun Jaitley today said state-run banks would require recapitalisation worth Rs 2.4 lakh crore and this would be a top priority for the government. Officials said the finance ministry would prepare a draft cabine...

SBI selective in rate cut

Jul 16, 2014 at 09:17 | Source: Calcutta Telegraph News

Mumbai, July 15: The State Bank of India today reduced the interest rate on select term deposits by up to 50 basis points. Sources in the country�s largest lender said there were no plans to slash the lending rates. The SBI�s move is expected to...

Sensex Gains Most in Two Weeks Led by Indian Banks as CPI Slows

Jul 15, 2014 at 18:01 | Source: Bloomberg

India's benchmark stock-index rose for the first time in six days as data showing consumer prices climbed at the slowest pace since January 2012 spurred speculation the central bank may ease monetary policy. State Bank of India, the nation&am...

SBI Cuts Fixed Deposit Rate on Select Maturities By 0.5%

Jul 15, 2014 at 15:59 | Source: NDTV Profit

State Bank of India on Tuesday slashed the interest rate on short-term fixed deposits up to 179 days by 0.5 per cent, a move expected to be followed by other lenders. Interest rate on fixed deposits between 7-179 days has been reduced to 7 per cent ...

Pragmatic steps to move forward

Jul 11, 2014 at 03:37 | Source: Calcutta Telegraph News

The budget has made a bold attempt to reignite growth through a bottoms-up approach. The budget has something in it for all, with primary emphasis on bijli, sadak, pani, makan and souchalay. There are also tax concessions for aam admi class and empo...

Budget 2014: From Deepak Parekh to Deveshwar, India Inc hails Modi govt's first Budget

Jul 10, 2014 at 18:54 | Source: FirstPost

New Delhi/Mumbai/Kolkata: Welcoming the Narendra-Modi-led NDA government's maiden Budget 2014-15, industry players said it sets the tone for attaining higher growth trajectory, job creation and attracting investments for an economy grappling with mul...

Kingfisher, UBI lock horns

Jul 10, 2014 at 11:42 | Source: Calcutta Telegraph News

Calcutta, July 9: The grounded Kingfisher Airlines today moved Calcutta High Court challenging a letter issued by the United Bank of India that asked its chairman Vijay Mallya and other board members to meet the bank officials for alleged wilful def...

In Garo Hills, a man is abducted every other day

Jul 05, 2014 at 21:30 | Source: FirstPost

Shillong, July 5 (IANS) Believe it or not, kidnapping has become the order of the day in the insurgency-hit Garo Hills region of Meghalaya, with one person being abducted every alternate day in the past six months.A total of 98 people were abducted f...

Assam MLA's relative arrested in Meghalaya

Jul 04, 2014 at 04:30 | Source: FirstPost

Shillong, July 3 (IANS) A relative of an Assam legislator was arrested in Meghalaya for his involvement in the abduction of a State Bank of India official, police said here Thursday.Hanif Ali, the nephew of Independent MLA from Mankachar constituency...

SBI closer to offering full digital services in India; launches 6 digital branches

Jul 02, 2014 at 12:40 | Source: VC Circle

VCCircle_SBI State Bank of India (SBI) has launched six digital branches across major metro cities in India including Mumbai, Delhi, Bangalore, Chennai and Ahmedabad. Branded as 'SBI InTouch', the branches are equipped with interactiv...

Budget 2014: FM Arun Jaitley may revise upwards fiscal deficit to 4.4%, says SBI Research

Jul 02, 2014 at 04:12 | Source: Economic Times

MUMBAI: Finance minister Arun Jaitley may revise upwards the fiscal deficit target for the current fiscal to 4.42 per cent up from 4.1 per cent projected in the interim budget, says a report by the Economic Research Department of State Bank of India ...

Fiscal deficit at 45.6% of budget at May-end; core sector output rises 2.3%

Jul 02, 2014 at 04:12 | Source: Economic Times

NEW DELHI: A slower-than-expected economic recovery and bigger-than-projected fiscal challenges left behind by the UPA government confront Finance Minister Arun Jaitley before he presents his first budget in 10 days. Data released on Monday showed t...

FM may revise upwards fiscal deficit to 4.4%: SBI Research

Jul 01, 2014 at 19:27 | Source: FirstPost

Mumbai: Finance minister Arun Jaitley may revise upwards the fiscal deficit target for the current fiscal to 4.42 percent up from 4.1 percent projected in the interim budget, says a report by the Economic Research Department of State Bank of India (S...

Vital parameters in red: Fiscal deficit at 45.6% of Budget at May-end; Core sector output rises 2.3%

Jul 01, 2014 at 08:12 | Source: Economic Times

NEW DELHI: A slower-than-expected economic recovery and biggerthan-projected fiscal challenges left behind by the UPA government confront Finance Minister Arun Jaitley before he presents his first budget in 10 days. Data released on Monday showed tha...

Man shot dead, Rs.18 lakh looted

Jun 30, 2014 at 23:45 | Source: FirstPost

Ghaziabad, June 30 (IANS) Robbers gunned down an accountant of a private firm here Monday and looted Rs.18 lakh the man was carrying to deposit in a bank, police said.The daring crime took place near the State Bank of India branch on Railway Road. Th...

Lenders feel "trust deficit" in gems and jewellery sector

Jun 30, 2014 at 12:12 | Source: Economic Times

MUMBAI: Saddled with bad assets like the Rs 6,000 crore Winsome Diamonds account, lenders have come out strongly against shady practices in the gems and jewellery sector, stating that there exists a "trust deficit" that makes doing business with the...

Bank tip on gold use

Jun 29, 2014 at 09:42 | Source: Calcutta Telegraph News

Mumbai, June 28: Two of the country’s biggest state-run lenders — the State Bank of India and Bank of Baroda — today pitched for treating a portion of their gold deposits as part of the mandatory cash reserve ratio (CRR) or statuto...

Budget 2014: Looking for ways to monetize idle gold, says GS Sandhu

Jun 29, 2014 at 09:42 | Source: Economic Times

NEW DELHI: Stating that the government is very keen that the stagnation in economy should go, Financial Services Secretary G S Sandhu on Saturday said, "We are working on taxation and trade policy to improve situation." Finance Minister Arun Jaitley...

SBI chairman to FM Jaitley: Budget should target job creation in MSME sector

Jun 27, 2014 at 10:50 | Source: FirstPost

Arundhati Bhattacharya, chairman and managing director, State Bank of India in an interview with CNBC-TV18 said economic growth benefits both private and public banks. Bhattacharya said job creation is one mean to ensure the economy starts moving an...

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