Profit
Home | Industries | Banking & Financial Services

Banking & Financial Services

  • SBI Savings Bank Account Holders With Rs 1 Lakh Plus Balance To Earn Lesser Interest From Today
    The interest rate on savings bank account may move up or down depending on what stance the Reserve Bank of India takes on stance.
  • Kotak Mahindra Bank Reports Profit Of Rs 1,408 Crore In March Quarter
    Kotak Mahindra Bank shares fell as much as 2.04 per cent to an intraday low of Rs1,351.05 apiece on the National Stock Exchange (NSE).
  • RBI Ordered To Review Its Disclosure Policy On Banks Under RTI: 10 Things To Know
    The Supreme Court last week gave the Reserve Bank of India "a last opportunity" to disclose details such as its list of wilful defaulters under Right to Information Act (RTI Act). The top court also directed the Reserve Bank of India to review its policy on disclosure of information relating to banks under RTI, saying "it is duty-bound under the law". The court was hearing a matter related to contempt petitions filed against the Reserve Bank of India. The Supreme Court order comes at a time the country's banks and financial institutions hold a total bad debt of more than Rs 10 lakh crore. This has affected their ability to lend more to spur economic growth.
  • RBI To Issue New Rs 20 Notes: Here Are 10 Things To Know
    The Reserve Bank of India (RBI) on Friday announced that it will shortly issue Rs 20 denomination banknotes, in the Mahatma Gandhi (New) series, bearing the signature of Governor Shaktikanta Das. The new Rs 20 note is greenish-yellow in colour, the central bank said in a statement. "The new banknote has a motif of Ellora Caves on the reverse, depicting the country's cultural heritage," the RBI added. All the banknotes in the denomination of Rs 20 issued by the RBI in the earlier series will also continue to be legal tender, it added.
  • "Last Chance": Top Court Orders RBI To Disclose Bank Inspection Reports
    The Supreme Court on Friday directed the Reserve Bank of India (RBI) to disclose information about its annual inspection report of banks and the list of wilful defaulters under the Right to Information Act (RTI). The bench was hearing contempt petitions filed by RTI activists Subhash Chandra Agrawal and Girish Mittal against the RBI. Ordering the central bank to disclose the information unless exempted under law, the bench did not go ahead with contempt proceedings against the RBI.
  • Axis Bank Reports Profit Of Rs 1,505 Crore In March Quarter
    Private sector lender Axis Bank had reported a net profit of Rs 1,681 crore for the October-December quarter.
  • Five Types Of Savings, Current Accounts You Can Open In A Post Office
    Post office bank account: India Post provides a range of services such as mail delivery, deposits under government-run small savings schemes and bill collection. India Post Payments Bank (IPPB) offers savings and current accounts, money transfer and direct benefit transfer services as well as bill/utility payments.
  • Want To Set Up A Post Office FD? Investment Limit, Tax Benefit And Other Details Here
    Post office fixed deposit: Interest rates applicable to small savings schemes are revised by the government on a quarterly basis. For the quarter ending June 30, investment in fixed deposit accounts of a one-three year term fetches interest at the rate of 7 per cent per annum.
  • HDFC Bank Shares Give Up Early Gains
    HDFC Bank share price: The HDFC Bank stock rose 1.37 per cent on the NSE during the session, before turning negative in afternoon deals.
  • Five-Year Tax-Saving Fixed Deposit: Interest Rates, Investment Limits And Other Key Details
    Fixed deposit rates: A special type of term deposit or fixed deposit (FD) is eligible for deduction under the ambit of Section 80C. From state-run State Bank of India (SBI) to private sector peers HDFC Bank and ICICI Bank, major banks today interest rates to the tune of 6.25-7.75 on the five-year income tax-saving fixed deposits. These bank fixed deposits as well as the five-year time deposit (small savings scheme) in the post office are eligible for Section 80C income tax benefits.
  • SBI Accounts You Can Operate Without Minimum Balance Restrictions
    While SBI has set certain rules for its regular savings accounts - wherein the account holder is required to maintain an average monthly balance to the tune of Rs 1,000-3,000 in the account, it also offers special savings bank accounts which are free of any such requirement. SBI's small and basic savings bank deposit accounts do not restrict the account holder to maintain a specific average of daily balances in a month.
  • Consumer Inflation Picks Up To 2.86% In March
    The RBI, which tracks consumer inflation primarily to formulate its monetary policy, earlier this month announced its decision to reduce the repo rate by 25 basis points to 6 per cent - a level last seen in May 2018.
  • SBI Home Loans Become Cheaper From Today: 10 Things To Know
    State Bank of India (SBI), the country's largest lender by assets, has reduced its interest rate by 10 basis points or 0.10 per cent on home loans of up to Rs 30 lakh, a move which is likely to provide some respite to home loan borrowers. The revised rates on home loans or housing loans are applicable from Wednesday, April 10, according to a statement from the bank. SBI's reduction in home loans rate comes nearly a week after the Reserve Bank of India (RBI) cut the repo rate by 25 basis points from 6.25 per cent to 6 per cent. Repo rate is the interest rate at which the central bank lends money to commercial banks such as SBI.
  • SBI's Home Loan Interest Rates To Come Down From April 10, Details Here
    This move comes after Reserve Bank of India (RBI) slashedits key interest rate by 0.25 per cent to 6 per cent in its second policy review under Governor Shaktikanta Das.
  • SBI Puts Bad Loans Worth Rs 424 Crore On Sale Via Auction
    SBI, the country's largest lender, has been active as well on NPA recovery channels outside the insolvency process.

................................ Advertisement ................................

................................ Advertisement ................................