Mumbai : India's largest lender State Bank of India (SBI) on Thursday announced reduction of interest rates on home and automobile loans by five basis points (bps). In a statement issued here the bank said, it has reduced home loan interest rates to 8.30 per cent....
Mumbai : State Bank of India (SBI) has cut is benchmark lending rate by 0.05 per cent across maturities, effective from Wednesday, according to an announcement by the state-run lender. The reduction in marginal cost of funds based lending rate (MCLR) by the largest...
(Note Ban Series) By Nivedita, New Delhi : Style, it would appear, never goes out of fashion. But the passion to spend on designer clothes and accessories took a beating in the past year, ever since the Narendra Modi government implemented the demonetisation policy....
Chennai : Non-banking finance major Cholamandalam Investment and Finance Company Ltd on Tuesday said it closed the second quarter of the current fiscal net profit of Rs 227.25 crore. In statement issued here, the company said it had posted a total income of Rs...
By Rohit Vaid, Mumbai : Expectations of faster economic growth on the back of the recently announced recapitalisation measures for state-run banks lifted the key Indian equity indices for the fourth straight week and led the 30-scrip Sensex to close above the...
New Delhi : Taking cognizance of complaints by cooking gas customers of non-credit of their LPG subsidy, the government on Friday said that these were mainly from customers of Airtel payments bank and that the subsidy amount had been credited to their respective...
Bengaluru : State-run Vijaya Bank has reported net profit of Rs 186 crore for the second quarter (Q2) of fiscal 2017-18, registering 20 per cent annual growth from Rs 155 crore in the same period year ago. Sequentially, however, net profit declined 27 per cent from Rs...
(Note Ban Series) By Quaid Najmi, Mumbai : It was a year when India's realty sector was shaken to its foundation. A majority of the big, medium and small realtors across the country suffered from a severe liquidity crunch, stalled projects, elusive investors and...
(Note Ban Series) By Fakir Balaji, Bengaluru : There's one sector which gained more than any other from the centre's demonetisation move -- the banks. Perennially reeling under the burden of bad loans, they seemed to have got a respite even as their customers had to...
Chennai : The Centre's Rs 2.11 trillion recapitalisation for public sector banks though a welcome move, the focus should not be lost on recovering the loans by allowing the banks to take a "haircut" (a euphemism for loan write offs), said a top leader of All India...