Search For "bank of india"
SBI-led consortium recovers another Rs 792 cr by selling shares of Vijay M
Updated : 5 years ago IST
New Delhi [India], July 16 (ANI): The Enforcement Directorate (ED) on Friday informed that a consortium led by the State Bank of India (SBI) has recovered another Rs 792.11 crores by the sale of shares belonging to fugitive businessmen Vijay Mallya, Nirav Modi, and Mehul Choksi.
Read More
RBI imposed restrictions on Mastercard from onboarding new customers from
Updated : 5 years ago IST
New Delhi [India], July 14 (ANI): Reserve Bank of India (RBI) on Wednesday imposed restrictions on Mastercard from onboarding new domestic customers (debit, credit or prepaid) onto its network from July 22 for non-compliance with 'directions on Storage of Payment System Data'.
Read More
Benefit from the renewal facility offered by Bajaj Finance Online FD
Updated : 5 years ago IST
Pune (Maharashtra) [India], July 12 (ANI/NewsVoir): The Reserve Bank of India (RBI) on Friday, July 2, made some noteworthy changes regarding the interest on the amount left unclaimed with the bank after a term deposit (TD)/Fixed Deposit (FD) matures. According to the new rules if a customer
Read More
'We are in process to setup small finance bank which will take over PMC Ba
Updated : 5 years ago IST
New Delhi [India], July 12 (ANI): The Reserve Bank of India on Monday said it has given "in-principle" approval to one Centrum Financial Services Ltd (CFSL) to set up a small finance bank (SFB), which will take over the beleaguered Punjab and Maharashtra Cooperative Bank (PMC Bank) very s
Read More
RBI issues advisory to banks emphasising need for preparedness for transit
Updated : 5 years ago IST
Mumbai (Maharashtra) [India], July 8 (ANI): The Reserve Bank of India (RBI) on Thursday issued an advisory to banks and other RBI-regulated entities emphasizing the need for preparedness for the transition away from the London Interbank Offered Rate (LIBOR).
Read More
RBI imposes penalties on SBI, 13 banks for violation of rules
Updated : 5 years ago IST
New Delhi [India], July 8 (ANI): The Reserve Bank of India (RBI) on Tuesday imposed a monetary penalty on fourteen banks, including the State Bank of India (SBI) and Bank of Baroda (BOB) for violation of various rules.
Read More
RBI to conduct Rs 20,000 crore bond purchase on July 8
Updated : 5 years ago IST
Mumbai (Maharashtra) [India], July 6 (ANI): The Reserve Bank of India (RBI) will conduct open market purchase of government bonds worth Rs 20,000 crore under the G-sec Acquisition Programme (G-SAP 2.0) on July 8.
Read More
Increase in household debt stress is worrying: SBI report
Updated : 5 years ago IST
Mumbai (Maharashtra) [India], July 5 (ANI): The beginning of second Covid-19 wave has resulted in significant deposit outflows from banking system in alternated fortnights, the pace of which has now again moderated, according to a new report from State Bank of India's (SBI's) economic resear
Read More
COVID-19: SBI employees contribute Rs 62.62 cr to PM CARES Fund
Updated : 5 years ago IST
New Delhi [India], July 1 (ANI): On the 66th Foundation Day of the State Bank of India (SBI), its employees donated Rs 62.62 crore to the PM CARES Fund to support the nation's ongoing fight against COVID-19.
Read More
India's current account balance records deficit of USD 8.1 billion for Mar
Updated : 5 years ago IST
New Delhi [India], June 30 (ANI): India's current account balance (CAB) recorded a deficit of USD 8.1 billion for the fourth quarter of the financial year 2020-21, which is 1 per cent of the Gross Domestic Product (GDP), according to data released by Reserve Bank of India on Wednesday.
Read More
CBI books Mumbai-based pvt firm for causing approximately Rs 2,435 cr loss
Updated : 5 years ago IST
New Delhi [India], June 24 (ANI): The Central Bureau of Investigation (CBI) on Thursday registered a case against a Mumbai-based private company, its former executive and others for for causing an alleged loss of approximately Rs 2,435 crores to State Bank of India and other consortium membe
Read More
S&P lowers India FY22 GDP growth forecast to 9.5 pc
Updated : 5 years ago IST
Singapore, June 24 (ANI): S&P Global Ratings on Thursday revised its GDP growth forecast for India to 9.5 per cent for the fiscal year ending March 31, 2022 due to a severe Covid-19 pandemic wave.
Read More