Adding woes to the injuries of customers in current economic turmoil, Indian Bank today slashed its fixed deposit interest rates across various schemes by up to 150 basis points. The news came a day after [...]
State Bank of India
The branches of SBI and Bank of India that existed in Pakistan till 1965 will not be revived owing to the hike in MCR (Minimum Capital requirement). This is the amount to be kept by [...]
State Bank of India, the leading public sector bank of the nation again created a flutter in the market with the introduction new schemes for car loan on an interest rate of 10 percent only. [...]
The State Bank of India, continuing with its moves to cheer up the customers, has made another announcement for raising the interest rates on FCNR (B) Dollar dominated deposits and on NRE (Rupee) term deposits. [...]
Showing great faith on the corporate sector of the country which is growing at a rapid pace, the State Bank of India has decided to re-organize its wholesale banking division. The banking major has included [...]
Moody’s has downgraded its credit outlook on Indian Banking system from stable to negative. This provides enough evidence for gauging the aftermath of the global economic tremors. Together with high delinquency rates of Loans, this [...]
As inflation is heading towards zero percent fast, it is spreading fears of deflation creeping into the economy. Deflation occurs in every economy if the state of ‘negative inflation’ persists for long time. R K [...]
Macquarie group, together with the SBI (State Bank of India) brought the MSIF (Macquarie SBI Infrastructure Fund) with the aim of investing in infrastructure sector. The fund has received a commitment of $887 million from [...]
Country’s largest Bank, State Bank of India (SBI) managed a rise in market share from 23.2 percent (in September 2008) to 24.4percent (December 2008). This was the biggest share, which was taken by SBI after [...]
State Bank of India, the nation’s largest money lender has brought down its deposit rate by up to 50 basis points. This hinted at the likely similar treatment of lending rates also in coming days. [...]
