Search For "bank of india"
SBI reduces home loan interest rate by 25 basis points
Updated : 8 years, 7 months ago IST
New Delhi [India], May 8 (ANI): State Bank of India (SBI) on Monday announced a rate cut in the home loans category by 25 basis points to 8.35 percent per annum in line with Prime Minister Narendra Modi's initiative of 'Housing for All' by 2022.
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FICCI fully supportive of Centre's move to act against NPAs
Updated : 8 years, 7 months ago IST
New Delhi [India], May 5 (ANI): The Federation of Indian Chamabers of Commerce and Industry (FICCI) has said that it fully supports the steps taken by the government and the Reserve Bank of India to address the issue of rising NPAs which have plagued the banking sector.
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Empowering RBI to act against NPAs decisive: SBI chairman
Updated : 8 years, 7 months ago IST
New Delhi [India], May 5 (ANI): State Bank of India Chairman Arundhati Bhattacharya on Friday said the country and its banking system need to move quickly and decisively to take benefits from enabling provisions.
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Govt. empowerment of RBI to deal with stressed assets was necessary: Jaitl
Updated : 8 years, 7 months ago IST
New Delhi [India], May 5 (ANI): Union Finance Minister Arun Jaitley on Friday said that it was necessary to empower the Reserve Bank of India (RBI) in relation to specific stressed assets, since it was doubtful that whether the language of Section 35 A of the Banking Regulations Act covered
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Centre notifies new Banking Regulation Act
Updated : 8 years, 7 months ago IST
New Delhi [India], May 5 (ANI): The Narendra Modi-led government on Friday notified the ordinance to amend the Banking Regulation Act, empowering the Reserve Bank of India (RBI) and banks to initiate bankruptcy proceedings against chronic defaulters.
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RBI penalises two authorised dealer banks over violation of instructions
Updated : 8 years, 7 months ago IST
New Delhi [India], Apr 26 (ANI): The Reserve Bank of India (RBI) on Wednesday imposed monetary penalty on the Hongkong and Shanghai Banking Corporation Ltd. and the Kotak Mahindra Bank for violation of instructions on reporting requirements of FEMA 1999.
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RBI caution list of concern to textiles exporters: Texprocil Chairman
Updated : 8 years, 7 months ago IST
Mumbai [India], April 21 (ANI-Businesswire India): The EDPMS (Export Data Processing and Monitoring System) which has been introduced by the Reserve Bank of India (RBI) to monitor payments against export bills requires all banks to report in this system details of the export proceeds realiza
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Cash van guard working with SBI shot dead in Allahabad
Updated : 8 years, 7 months ago IST
Allahabad (Uttar Pradesh) [India], Apr 20 (ANI): A cash van guard working with the State Bank of India (SBI) was shot dead by some unidentified bikers last evening.
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RBI, Bank of Guyana sign MoU for supervisory exchange of information
Updated : 8 years, 7 months ago IST
New Delhi [India], Apr 20 (ANI): The Reserve Bank of India (RBI) on Thursday announced signing of an MoU with the Bank of Guyana on "Supervisory Cooperation and Exchange of Supervisory Information".
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RBI's tightening of prompt corrective action framework positive for b
Updated : 8 years, 7 months ago IST
New Delhi [India], Apr 19 (ANI): According to credit rating agency ICRA, the Reserve Bank of India's (RBI)'s revision in the prompt corrective action (PCA) framework for the banks is a positive and a welcome step, given the operating and financial profile of some of the banks.
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RBI imposes monetary penalty on Shriram City Union Finance Ltd
Updated : 8 years, 7 months ago IST
New Delhi [India], Apr. 11 (ANI): The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs. 20 lakh on M/s Shriram City Union Finance Ltd.
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RBI policy as expected: Chief Economic Adviser, SBI
Updated : 8 years, 7 months ago IST
New Delhi [India], Apr. 6 (ANI): The Reserve Bank of India's (RBI) monetary policy announced earlier on Thursday has been hailed as a 'cautious' effort to tackle inflation and increase in liquidity.
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