SBI to sell 2 NPAs worth ₹2,490 cr

SBI will sell NPAs of Bombay Rayon Fashion and Shivam Dhatu worth ₹2,490 cr and have invited bids for the same. Bombay Rayon Fashion owes...
Central Bank of India

Government may issue recapitalization bonds of ₹2,350cr to Central Bank of India

The Indian government is likely to inject ₹2350 crore into the Central bank of India in an attempt to help the bank meet Reserve Bank...

Rajnish Kumar: Small deposits, loans will continue to be MCLR based

A day after state Bank of India (SBI) took the decision of linking the interest rate of short-term loans and large savings deposits rates...
Hdfc bank branch

HDFC bank announces cut in MCLR for 1 and 2 years tenure by 5...

The Housing Development Finance Corporation (HDFC) bank has slashed its Marginal Cost based lending rate (MCLR) for loan of two and three years tenor...
RBI

RBI takes out Allahabad Bank, Corporation bank and Dhanlaxmi bank out of PCA framework

The Reserve Bank of India (RBI) on Friday removed three banks from its Prompt Corrective Action(PCA) framework subject to certain condition and constraints. The...
Reserve Bank of India

Currency notes of ₹200, going to roll out soon in the market

India's re-monetisation exercise appears to be entering its final lap as printing of ₹200 has started and will hit the market soon.
Yes-bank

RBI rebukes Yes Bank for disclosing divergence report, accuses bank of misleading public

RBI on Saturday released a press release causing major embarrassment to the private lender Yes Bank. In the statement RBI warned the lender for...
200 rupee note

New INR 200 note to be launched soon : Finance Minister

Santosh Kumar Gangwar, Minister of State for Finance has suggested that the government is launching 200 rupee note soon.
Banks

Bank Unions call for strike; Transactions to be affected for 5 days

One of the Bank Officers' Union has called for a strike on December 21, 2018. It came ahead of another strike on December 26...
Yes-bank

Yes Bank gets 1 Crore penalty by RBI for violating Swift messaging software directions

The Reserve Bank of India (RBI) imposed 1 Crore penalty on the private lender Yes Bank for non-compliance of directions on Swift messaging software....