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SBI Report Flags Freebies Time-Bomb, Asks Supreme Court To Cap Spends
With states after states competing to offer freebies, a report has suggested that the Supreme Court-led panel could cap such welfare schemes at 1 per cent of the state's GDP or 1 per cent of its own tax collection.
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Noida Authority To Allow Mortgage Permission To Builders For Government's Stress Fund Access
Mortgage permission will be granted to builders in Noida in a bid to help them access the Centre's stress funds to complete their projects
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Citigroup, Kotak Mahindra, Among 10 Others Selected To Manage LIC IPO
10 investment banks including Goldman Sachs, Citigroup, Kotak Mahindra, SBI Caps are selected to handle the initial public offering of Life Insurance Corp of India planned for this fiscal
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Yes Bank Withdrawal Cap To Be Lifted Today: All You Need To Know
Crisis-hit Yes Bank is set to resume full banking operations starting 6 pm today, paving way for its troubled depositors to make withdrawals without any restrictions. The Reserve Bank of India (RBI) had earlier superceded Yes Bank's board and imposed a moratorium on the beleaguered private sector bank, permitting customers to only take out up to Rs...
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Yes Bank Bucks Trend, Shares Rise 47% As Rescue Plan Underway
The bank has received investment commitments of Rs 10,000 crore from the SBI and seven other private sector banks. This fund infusion signals a show of confidence by some of India's largets financial institutions and will allow the troubled bank to shore up its capital.
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Cabinet Clears Bailout Plan For Crisis-Hit Yes Bank: 10 Things To Know
Finance Minister Nirmala Sitharaman said on Friday that the Union Cabinet had approved a reconstruction scheme for Yes Bank as proposed by the Reserve Bank of India. "State Bank of India will invest up to 49 per cent equity in Yes Bank and other investors are also being invited," the Finance Minister said, addressing the media after a meeting of th...
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Yes Bank Withdrawal Limit Could End "Within A Week": SBI Chairman
State Bank of India (SBI) chairman Rajnish Kumar told NDTV on Monday that the current cap on withdrawals from Yes Bank accounts could be lifted "within a week". In an exclusive interaction with NDTV, the SBI chairman said: "I want to assure Yes Bank customers that once we (SBI) step in they shouldn't worry about money... The financial system is sou...
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Crisis-Hit Yes Bank's Founder Rana Kapoor Arrested For Alleged Fraud
Rana Kapoor, the founder of crisis-hit Yes Bank, has been arrested by the Enforcement Directorate after two days of questioning in an alleged bank scam worth Rs 4,300 crore. He will be in their custody till March 11. The Reserve Bank of India (RBI) has capped transactions for every Yes Bank user at Rs 50,000 for a month, till April 3, after the pri...
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Jio Witnessed 22 Million Heavy Voice Subscribers Churn in Last Quarter: SBI Caps Securities
Reliance Jio witnessed churn of 22 million heavy voice subscribers and its ARPUs have not improved despite tariff hikes as most of the subscribers are on the 84-day plan, analyst firm SBI Caps Securities has said, adding that net subscriber adds were muted due to churn of heavy voice users.
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Sensex Rises Over 300 Points, Nifty Crosses 11,550 Mark: 10 Things To Know
The S&P BSE Sensex and NSE Nifty 50 Indexes extended intraday gains in Thursday's session. The S&P BSE Sensex index rose as much as 335 points to 38,893 and the NSE Nifty benchmark moved to 11,599, up 100 points from the previous close. Advances in metal, pharma and energy stocks supported the markets in morning deals. Corporate earnings from large...
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Etihad, Three Others Bid For Jet Airways, Says SBI Caps As Deadline Ends: 10 Points
SBI Capital Markets, a subsidiary of State Bank of India, has received a solicited bid from Etihad Airways and three unsolicited bids for the now-grounded Jet Airways in an ongoing stake sale. The development comes as the deadline for submitting bids under the stake sale ended today at 6:00 pm. Jet Airways' lenders have taken a controlling stake in...
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SBI Loan Against Shares: Eligibility, Loan Amount, Other Details Here
SBI Loan Against Shares: State Bank of India (SBI), the country's largest lender, offers loan against shares to its existing individual customers who have DEMAT account with SBI Cap Securities.
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New State Bank Of India ATM Rules Explained: 5 Things To Know
The country's largest bank had in early October announced some changes in ATM rules applicable to its Classic debit cardamid growing concern over the cloning of ATM cards. SBI customers still using the Classic debit card - which is not a chip-based debit card - will have to bear with the lower cap on ATM withdrawals.
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Sensex Breaches 37,500 Level; Nifty At Fresh Lifetime High Of 11,318
After swinging between gains and losses, the stock markets achieved new record highs by the afternoon session on Monday. The intraday highs of the Sensex and Nifty registered so far were 37,511.39 and 11,318.50. At 1:41 pm, the S&P BSE Sensex traded at 37,502.64, gaining 165.79 points or 0.44 per cent. This was the first time ever that the Sensex b...
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SBI Term Fixed Deposits (FDs): Loan Facility, Premature Withdrawal, Interest Rate
SBI fixed deposits: Premature withdrawal against is available; no maximum cap on the amount that can be invested.
-
SBI Report Flags Freebies Time-Bomb, Asks Supreme Court To Cap Spends
With states after states competing to offer freebies, a report has suggested that the Supreme Court-led panel could cap such welfare schemes at 1 per cent of the state's GDP or 1 per cent of its own tax collection.
-
Noida Authority To Allow Mortgage Permission To Builders For Government's Stress Fund Access
Mortgage permission will be granted to builders in Noida in a bid to help them access the Centre's stress funds to complete their projects
-
Citigroup, Kotak Mahindra, Among 10 Others Selected To Manage LIC IPO
10 investment banks including Goldman Sachs, Citigroup, Kotak Mahindra, SBI Caps are selected to handle the initial public offering of Life Insurance Corp of India planned for this fiscal
-
Yes Bank Withdrawal Cap To Be Lifted Today: All You Need To Know
Crisis-hit Yes Bank is set to resume full banking operations starting 6 pm today, paving way for its troubled depositors to make withdrawals without any restrictions. The Reserve Bank of India (RBI) had earlier superceded Yes Bank's board and imposed a moratorium on the beleaguered private sector bank, permitting customers to only take out up to Rs...
-
Yes Bank Bucks Trend, Shares Rise 47% As Rescue Plan Underway
The bank has received investment commitments of Rs 10,000 crore from the SBI and seven other private sector banks. This fund infusion signals a show of confidence by some of India's largets financial institutions and will allow the troubled bank to shore up its capital.
-
Cabinet Clears Bailout Plan For Crisis-Hit Yes Bank: 10 Things To Know
Finance Minister Nirmala Sitharaman said on Friday that the Union Cabinet had approved a reconstruction scheme for Yes Bank as proposed by the Reserve Bank of India. "State Bank of India will invest up to 49 per cent equity in Yes Bank and other investors are also being invited," the Finance Minister said, addressing the media after a meeting of th...
-
Yes Bank Withdrawal Limit Could End "Within A Week": SBI Chairman
State Bank of India (SBI) chairman Rajnish Kumar told NDTV on Monday that the current cap on withdrawals from Yes Bank accounts could be lifted "within a week". In an exclusive interaction with NDTV, the SBI chairman said: "I want to assure Yes Bank customers that once we (SBI) step in they shouldn't worry about money... The financial system is sou...
-
Crisis-Hit Yes Bank's Founder Rana Kapoor Arrested For Alleged Fraud
Rana Kapoor, the founder of crisis-hit Yes Bank, has been arrested by the Enforcement Directorate after two days of questioning in an alleged bank scam worth Rs 4,300 crore. He will be in their custody till March 11. The Reserve Bank of India (RBI) has capped transactions for every Yes Bank user at Rs 50,000 for a month, till April 3, after the pri...
-
Jio Witnessed 22 Million Heavy Voice Subscribers Churn in Last Quarter: SBI Caps Securities
Reliance Jio witnessed churn of 22 million heavy voice subscribers and its ARPUs have not improved despite tariff hikes as most of the subscribers are on the 84-day plan, analyst firm SBI Caps Securities has said, adding that net subscriber adds were muted due to churn of heavy voice users.
-
Sensex Rises Over 300 Points, Nifty Crosses 11,550 Mark: 10 Things To Know
The S&P BSE Sensex and NSE Nifty 50 Indexes extended intraday gains in Thursday's session. The S&P BSE Sensex index rose as much as 335 points to 38,893 and the NSE Nifty benchmark moved to 11,599, up 100 points from the previous close. Advances in metal, pharma and energy stocks supported the markets in morning deals. Corporate earnings from large...
-
Etihad, Three Others Bid For Jet Airways, Says SBI Caps As Deadline Ends: 10 Points
SBI Capital Markets, a subsidiary of State Bank of India, has received a solicited bid from Etihad Airways and three unsolicited bids for the now-grounded Jet Airways in an ongoing stake sale. The development comes as the deadline for submitting bids under the stake sale ended today at 6:00 pm. Jet Airways' lenders have taken a controlling stake in...
-
SBI Loan Against Shares: Eligibility, Loan Amount, Other Details Here
SBI Loan Against Shares: State Bank of India (SBI), the country's largest lender, offers loan against shares to its existing individual customers who have DEMAT account with SBI Cap Securities.
-
New State Bank Of India ATM Rules Explained: 5 Things To Know
The country's largest bank had in early October announced some changes in ATM rules applicable to its Classic debit cardamid growing concern over the cloning of ATM cards. SBI customers still using the Classic debit card - which is not a chip-based debit card - will have to bear with the lower cap on ATM withdrawals.
-
Sensex Breaches 37,500 Level; Nifty At Fresh Lifetime High Of 11,318
After swinging between gains and losses, the stock markets achieved new record highs by the afternoon session on Monday. The intraday highs of the Sensex and Nifty registered so far were 37,511.39 and 11,318.50. At 1:41 pm, the S&P BSE Sensex traded at 37,502.64, gaining 165.79 points or 0.44 per cent. This was the first time ever that the Sensex b...
-
SBI Term Fixed Deposits (FDs): Loan Facility, Premature Withdrawal, Interest Rate
SBI fixed deposits: Premature withdrawal against is available; no maximum cap on the amount that can be invested.
