The new bank has set up over 610 branches in a very short time after beginning operation in August last year with 501-strong network.
Promoted by the nation's largest lender SBI, SBI Life has so far failed to use the parent's network fully, something which it intends to rectify in the next two to three years.
Reserve Bank of India suggested that working of public sector banks should be delinked from social banking to make them efficient and allow work on commercial principles.
Reserve Bank of India said that foreign exchange reserves it maintains has risen by $1.590 billion in the week ending January 29, despite pressure on rupee.
BI Life Insurance Company is unlikely to go public before the next couple of years while SBI's proposed 10% sell stake to the overseas partner BNP Paribas Cardif.
Reserve Bank of India Governor Raghuram Rajan said during his interaction with the media, immediately after announcing a status quo on policy rates.
India may clock 8% growth even this fiscal if rural demand rises along with factory output: FM Arun Jaitley
Arun Jaitley said that India could achieve 8% growth even this fiscal if rural demand can be raised along with factory output.
Reserve Bank of India has more than doubled the states' ways and means advances for 2015-16 to Rs 32,225 crore from Rs 15,360 crore.
Arun Jaitley has a suggestion for West Bengal chief minister Mamata Banerjee: pursue more investor friendly policies to come out of the left legacy in the state.
Reserve Bank of India has more than doubled the states' ways and means advances (WMA) for 2015-16 to Rs 32,225 crore from Rs 15,360 crore.
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