The Karnataka government has revoked a controversial directive asking various departments to cease operations with two of India’s largest public sector banks, Moneycontrol reported. This decision comes after the State Bank of…
Tag: SBI
Lenders feel the heat of slowing car sales
India’s vehicle financiers are feeling the heat as auto loan growth has decelerated to 15% year-on-year (y-o-y) at the end of June from 23% in the same period last year. This includes…
Karnataka pauses circular prohibiting 15-day hold on SBI, PNB transactions
The Karnataka government on Friday, August 16, kept its circular in abeyance for 15 days, which prohibited all business transactions with the State Bank of India (SBI) and the Punjab National Bank…
FD interest rates: These banks offer up to 7.65% on deposits of 3-year tenure
Before opening a fixed deposit (FD) with a bank, depositors tend to compare the interest rates offered by a bank with those of other banks. Typically, banks offer higher rates of interest…
SBI to raise USD 3 billion through debt in FY2025, shares up
India’s largest lender State Bank of India (SBI), announced on June 11 that its board has approved a plan to raise up to $3 billion through debt in the current financial year,…
NFO Alert: SBI Mutual Fund launches automotive opportunities fund — details here
SBI Mutual Fund announced the launch of SBI Automotive Opportunities Fund, an open-ended equity scheme that aims to unlock the potential of automotive and allied business activities. The new fund offer (NFO)…
‘Denied info on…’: RTI activist as SBI refuses to reveal Electoral Bond data
The State Bank of India (SBI) refused to disclose under the Right to Information (RTI) Act the details of the electoral bonds it furnished before the Election Commission (EC), news agency PTI…
FD interest rates: 5 banks offer over 7% on their fixed deposits
Before locking their money in fixed deposits (FDs), investors tend to compare interest rates offered by different banks in order to maximise their earnings. As of now, banks offer highest returns on…
Credit growth trajectory may slow down to 12-14% YoY over FY25-27: Emkay Global
India’s banking sector is expected to face a slowdown in credit growth and with banks exhausting strategies to sustain margins, the imperative for mobilizing deposits emerges, analysts said. The credit growth trajectory…
All agency banks dealing with govt transactions to remain open on March 31: RBI
The Reserve Bank of India (RBI) on Wednesday requested all agency banks dealing with government business to keep their branches open on March 31, 2024. The last day of the current financial…