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RBI likely to keep repo rate unchanged: SBI chairman

8.39 pm | 28 Aug 2015 |  Source: PTI

In the recently released annual report, RBI raised concerns over lower-than-expected monsoon and said it could have an impact on the growth and inflat...

PSBs need govt support for viability of social schemes: SBI

5.23 pm | 28 Aug 2015 |  Source: PTI

The remarks from the chief of country's largest lender comes a day after Reserve Bank Governor Raghuram Rajan stressed on the need to compensate PSBs ...

Muthoot Fincorp enters high-tech secuirty business

1.00 pm | 28 Aug 2015 |  Source: PTI

The Muthoot Pappachan Group, with its flagship gold financing arm Muthoot Fincorp, has floated a new company--MPG Security Group-to take its "technolo...

Pace of NPA formation is beginning to slow: Morgan Stanley 

10.37 am | 26 Aug 2015 |  Source: CNBC-TV18

Anil Agarwal, Head of Research-Banks, Asia ex Japan, is more bullish on private sector banks as he expects earnings growth to be stronger in that spac...

U-turn on payments bks: SBI head sees 'opportunity' for all

9.42 pm | 25 Aug 2015 |  Source: PTI

Last week, the RBI had given in-principle approval to 11 entities, such as Reliance, Airtel, Vodafone, Birla Group, Mahindra, among others, to set up ...

Govt to infuse Rs 1,140 cr capital into Allahabad, Corp Bk

9.59 pm | 24 Aug 2015 |  Source: PTI

The two lenders are among 13 public sector banks, including SBI, Punjab National Bank, Bank of Baroda, Canara Bank and IDBI, which will receive a tota...

Union Bank keen to join payments banks bandwagon

9.08 pm | 24 Aug 2015 |  Source: PTI

Last week, the Reserve Bank had given permission to 11 applicants, including Reliance Industries, Department of Posts, Aditya Birla Nuvo, Sun Pharma's...

SBI chief frowns on call drops, says bad for fin inclusion

6.15 pm | 24 Aug 2015 |  Source: PTI

The Telecom Regulatory Authority of India (TRAI) has found a two-fold jump in call drops on 2G networks and 65 percent on 3G in a one-year period. ...

Vedanta raises Rs 2,000 crore from SBI through NCDs

5.14 pm | 24 Aug 2015 |  Source: PTI

The NCDs are long term funds and this issuance will reduce our cost of funds, it said. The firm's shares today breached the lower circuit and closed a...

SBI developing low-cost model to counter payments banks

5.15 pm | 21 Aug 2015 |  Source: PTI

To counter that, SBI would be opening customer service points (CSPs) in unbanked panchayats and also train youth with minimum education so that they a...

Will use 'click & brick' model for payments bank: Mahindra

8.44 pm | 20 Aug 2015 |  Source: PTI

Tech Mahindra was among the 11 entities successful applicants that received the Reserve Bank's nod to set up payment banks as part of financial inclus...

Merger of SBI associate banks not priority: Bhattacharya

9.29 am | 19 Aug 2015 |  Source: PTI

State Bank of India chairperson Arundhati Bhattacharya on Tuesday said the bank is currently not looking at merging its associate banks, and is instea...

Merger of SBI associate banks not priority now: SBI Chief

9.37 pm | 18 Aug 2015 |  Source: PTI

Asked about rating agency Moody's lowering India's growth forecast to 7 percent for 2015 from 7.5 percent projected earlier, Arundhati Bhattacharya sa...

SBI launches mobile wallet app 'Buddy'

3.20 pm | 18 Aug 2015 |  Source: PTI

The service will be available to existing as well as non-SBI customers. The app was launched by Finance Minister Arun Jaitley along with Jayant Sinha,...

SBI cuts deposit rates on certain maturities by 25-50 bps

10.41 pm | 17 Aug 2015 |  Source: CNBC-TV18

While all deposits with tenors of 180 days and up to three years, a 25 basis points cut will be applicable, for those above three years, the cut will ...

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