PSBs Go All Out to Push Cheaper Retail Loans
Public sector banks (PSBs) to implement the finance minister’s instruction to link lending rates to the repo (the rate at which RBI lends to banks)....
Tag : RBI
Kotak Mahindra Bank Revised Fixed Deposit Rates
Kotak Mahindra Bank has revised interest rates on fixed deposits (FDs) days after RBI reduced repo rate earlier this month. Kotak Mahindra Bank’s new FD rates...
Indian Companies Worried About Funding, Says RBI Survey
The industrial survey conducted by the Reserve Bank of India (RBI) throws some light on why Indian businessmen worried about the future and what are they...
SBI Reduces Key Lending Rates, Home Loans to Get Cheaper
The development comes after Reserve Bank of India’s Monetary Policy Committee (MPC) delivered its fourth repo rate cut in a row. “SBI has affected the...
Finance Ministry to Issue Norms For NBFC Asset Buy Scheme
The Department of Financial Services (DFS) will issue the norms for the one-time partial credit guarantee scheme for public sector banks (PSBs) to purchase high-rated...
PNB Housing Raises $100 Mn in its First ECB This Fiscal Year
PNB Housing Finance has raised $100 million (Rs 690 crore) from International Finance Corporation (IFC), in its first external commercial borrowing this fiscal. The fund...
Rupee Dips 12 Paise on Rising Crude to Rs 68.92/$
Tracking heavy losses in the domestic equity market, on Monday, the rupee depreciated 12 paise to close at Rs 68.92 against the dollar. This was...
Rs 70,000 Crore Capital Infusion In PSBs To Boost Economy
The proposed Rs 70,000-crore capital infusion into public sector banks (PSBs) will provide a timely booster to the lenders. The move, announced in the Budget,...
Highlights: Budget 2019
Modi government today presented the Union Budget to boost foreign investment and improve the infrastructure of the country. It is expected to be a crucial...
Four Banks Fined By RBI For Violating KYC Norm
The Reserve Bank of India has forced a penalty of Rs 1.75 crore on four public sector banks, including Punjab National Bank and UCO Bank,...