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 to the external benchmark of MPC’s…
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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 to the external benchmark of MPC’s…
In a significant move to address the issue of rapid transmission of changes in rates (interest rates) decided by RBI‘s Monetary Policy Committee (MPC), SBI on Friday announced that from…
The Housing Development Finance Corporation (HDFC) bank has slashed its Marginal Cost based lending rate (MCLR) for loan of two and three years tenor by 5 basis points. Taking the…
Two loan sanctioned by Chanda Kochhar when she was at the top of ICICI Bank are under the consideration of probe agency- Enforcement Directorate (ED). The two loans amounts to…
Singapore based Development bank of Singapore (DBS) is looking for new hiring of 1000 technology engineers for its recently established technology, centre ‘DBS Asia Hub 2’ in Hyderabad. In 2016,…
The Reserve Bank of India fines at least 19 lenders for not complying with its guidelines on the use of banking messaging software-SWIFT. These banks included ICICI Bank and Fraud…
The state owned Bank of Baroda cuts the lending rate by 10 basis points. The rate cut would enable the borrowers to take loan at lower lending rate, making home…
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. Swift which stands for Society for…
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 three banks are Allahabad Bank, Corporation…
Private lender, Standard Chartered has announced its newly devised strategy for the next three years. The bank has not been performing well and now under the leadership of Bill winters,…