Bank deposits growth rate surged to its maximum in more than a decade
Flow from the 7th Pay Commission payments and doubled credit to deposit ratio, causes bank deposits growth rate to be…
20 SEP 2016
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For first time in last 6 years, 9% growth in bank financed projects
Capital expenditure financed by banks and Financial Institutions (FIs) has gone up in current financial year for the first time…
20 SEP 2016
Anuradha Rao appointed SBI MF’s MD, CEO
SBI Mutual Fund has appointed Anuradha Rao as its Managing Director and Chief Executive. “Rao has been appointed as the…
05 SEP 2016
Competition Commission nod not must for SBI, associates’ merger
The State Bank of India will not require fair trade regulator Competition Commission of India’s (CCI) to go ahead with…
22 AUG 2016
Punjab National Bank lifts cap on number of locker visits
In a move that is hoped to delight its customers, the Punjab National Bank has made locker visiting facility free…
22 AUG 2016
RBI’s ‘operation clean-up’ helps PSBs contain bad loans in Q1
The launch of “clean-up” operation by RBI Governor Raghuram Rajan has apparently started showing results, as some public sector banks…
16 AUG 2016
SBI to turn single entity with its subsidiaries by April
The State Bank of India, which started the process of merging all its subsidiaries with itself nearly three months ago,…
09 AUG 2016
Need to maintain regulations in banking, says SBI chief
Underscoring the twin importance to maintain credibility and draw foreign capital, SBI Chairman Arundhati Bhattacharya has said banks need to…
04 AUG 2016
Better interest margins push Vijaya Bank Q1 profit up 13%
Public sector Vijaya Bank has reported a 13.37 per cent rise in net profit to Rs 161.66 crore for the…
23 JUL 2016
Centre infuses Rs 22,915 crore in PSBs
The Centre has infused Rs 22,915 crore in Public Sector Banks (PSBs) to ensure that they can step up credit,…
20 JUL 2016
