A group of lenders led by State Bank of India has proposed taking a 50.1 percent stake for 1 rupee through the issuance of 114 million new shares
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State Bank of India (SBI) is offering various types of savings accounts including a zero balance saving account where monthly average balance (MAB) rule is not applicable. Monthly Average Balance (MAB) is the sum of all end of the day (EOD) closing balance divided by the number of days in that month. Zero balance saving account doesn't require cust...
This is the second straight year that the RBI has announced an advance payment to Prime Minister Narendra Modi's government.
State-run PNB has already surprised markets with an earlier-than-expected profit for the quarter ended December 31
Power Finance Corp Ltd said on Monday the company was not considering extending the open offer to the minority stakeholders for its deal with REC Ltd.
Earlier this month, the Reserve Bank cut the benchmark interest rate by 0.25 per cent to 6.25 per cent.
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