A report by the Reserve Bank of India estimates that gross bad-loan ratio may increase to 12.2% by March 2019 from 11.6 percent in the previous year.
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State Bank of India (SBI) charges an annual fee ranging from Rs 1,000 to Rs 9,000 (excluding GST) for its safe deposit locker service. The charges vary depending on the size of locker and the location of bank branch.
The Reserve Bank of India (RBI), however, will not be comfortable with the currency touching 70 and would strongly defend the same, according to bankers.
For education loan, students must contribute a margin of 5 percent for studies in India and 15 percent for studies in abroad.
Though the rupee briefly slipped below 69 levels in mid-morning deals, it managed to recoup losses on apparent intervention by the Reserve Bank, coupled with greenback selling by exporters.
HDFC Bank, the largest private lender of the country, revised interest rates on fixed deposit (FD) accounts of various tenures with effect from July 6, 2018.
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