March 22, 2019 09:32 PM IST
The country's largest lender has raised Additional Tier 1 bonds of Rs 1,251.30 crore at coupon rate of 9.45 percent.
March 19, 2019 01:59 PM IST
The central bank's move is aimed at checking evergreening and bad loans. It will also prevent divergence of funds by corporate borrowers.
March 16, 2019 07:30 PM IST
The bank said these rates are effective from March 16, 2019.
March 14, 2019 09:07 PM IST
There are 10 Small Finance Banks in India currently.
March 11, 2019 09:44 AM IST
While the RBI guidance was to pass on the benefit of falling interest rates to borrowers by linking lending rate to an external benchmark, SBI has also linked its savings bank rates (over a limit of Rs 1 lakh) to the external benchmark.
March 09, 2019 08:06 PM IST
SBI has linked all cash credit accounts and overdrafts with limits above Rs 1 lakh to the repo rate plus a spread of 2.25 percent.
March 08, 2019 08:01 PM IST
"SBI and our other colleague bankers have been trying very hard to find a reasonable solution which suits or which is appropriate for all stakeholders,"
March 08, 2019 12:54 PM IST
Transition to the new norms will be yet another step in the overhaul of the credit culture, especially at state-owned banks. It should be viewed as part of the larger efforts of RBI to improve governance and prevent another massive pile up of soured loans.
March 05, 2019 12:35 PM IST
Centrum Broking's Nischal Maheshwari said Infosys and Tech Mahindra are the top picks in the IT space.
March 02, 2019 08:10 PM IST
Dena Bank said the Reserve Bank has imposed a penalty on it for non-compliance with the directions issued on February 20, 2018.
March 01, 2019 09:48 AM IST
Banks have been wary of defaults by NBFCs and the latest data confirm the liquidity crunch they are facing.
February 28, 2019 06:17 PM IST
Kumar said that the provisioning coverage ratio has also improved over the years, from 3.9 percent in FY17 to 6.1 percent in FY19 (Apr-Dec).
February 28, 2019 05:52 PM IST
Any one-time transfer of accumulated reserves will have the impact of shrinking the RBI balance sheet, except in a case where the RBI transfers a part of that excess reserves to the deposits of the central government held with it. In the latter case, the transfer will only change the composition of liabilities side.
February 28, 2019 04:31 PM IST
Reasoning that the banks were adequately capitalized to absorb any loss and had shown improvement in their financial performance, the board of the RBI decided to take out all the six banks from the PCA restrictions
February 27, 2019 05:41 PM IST
"We have targeted recovery of Rs 2,000 crore," he said.
February 22, 2019 06:50 PM IST
ING Group that had completed merger of its banking unit, ING Vysya Bank, with Kotak Mahindra Bank in April 2015, has sold its balance 3% stake in Kotak bank.
February 22, 2019 03:46 PM IST
Speaking about capital infusion, Mrutyunjay Mahapatra said: "It's a proactive and positive step by the government to inject capital."
February 18, 2019 02:35 PM IST
Kumar was responding to a query on why the bank had not cut the marginal cost of funds based lending rates
February 13, 2019 02:07 PM IST
'We are expecting a quarterly loan growth of between 4 percent and 6 percent," he said.
February 07, 2019 07:35 PM IST
Monetary policy cut policy repo rates by 25 basis points and also revised inflation projection downwards
February 07, 2019 10:03 AM IST
It will result in cleaner holding structures within banking groups and ring-fence banks from change in the fortunes of subsidiaries
February 06, 2019 03:59 PM IST
In terms of slippages numbers, he added that it was around 4.46 percent.
February 05, 2019 06:39 PM IST
LIC will be required to eventually bring down its stake in IDBI Bank from 51 percent to 15 percent
February 05, 2019 01:56 PM IST
'Should be able to reduce NPA to below 12 percent by March 31," said Rakesh Sharma, CEO of IDBI Bank.
February 05, 2019 01:32 PM IST
"We may relocate but closure or reduction of branches will not happen," said Karnam Sekar, Managing Director and CEO, Dena Bank.
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