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Hours after RBI call, Axis Bank says linking loans to repo rate is not the only way for faster transmission
It can be noted that till the last rate cut of 0.35 percent, the banks have passed out only 0.29 percent of the 0.75 percent in rate cuts initiated by the RBI to the final borrowers.
SBI aims to eliminate debit cards
"...it is our wish to eliminate the debit cards, and am sure we can eliminate them," the SBI chairman has said.
- BoB, PNB, other lenders hold 2-day meeting to generate ideas for growth
- An Indian car loan player is making plans to offer loans to homebuyers
- State Bank of India mulls repo-linked home loans for existing borrowers
- State-run banks to involve branches over growth goals
- BOI hoping to recover around Rs 2,500 crore in 2-3 quarters, says official
- Economic Offence Wing lens on role of IL&FS Securities in Allied Financial fraud case
- Confident of coming out of RBI's PCA framework by March next year: UCO Bank CMD
- Banks Board Bureau invites applications for top posts in PNB, BOI
- India’s payment apps battle to catch China in squeezing out cash
- Key committees in IL&FS did not meet for years: RBI
- Union Bank of India to list non performers, review them next three quarters
- Grant Thornton alleges lapses in IL&FS’s transactions with client
Banking
Hours after RBI call, Axis Bank says linking loans to repo rate is not the only way for faster transmission- SBI aims to eliminate debit cards
- SBI Chairman Rajnish Kumar says 59-minutes loan scheme yet to make a mark
- BoB, PNB, other lenders hold 2-day meeting to generate ideas for growth
- Look at opportunities too, not just difficulties: RBI Governor
Finance
- FM Nirmala Sitharaman rejects demand for rollback of customs duty on newsprint
- Bankers doubt meeting $5-trn GDP target, say credit demand should double in five years
- An Indian car loan player is making plans to offer loans to homebuyers
- US healthcare BPO may be valued at $225 million: PE firms in race to acquire emids Technologies
- Key committees in IL&FS did not meet for years: RBI
BANKING/FINANCE STOCKS
NSEBSE
NSE
BSE
| Company Name | Latest | Change | %Change | Volume |
|---|---|---|---|---|
| Nifty Bank | 28186.1 | -30.9 | -0.1 | 0 |
| HDFC Bank | 2206.85 | -20.85 | -0.94 | 2124550 |
| Kotak Mahindra Bank | 1496.35 | -2.6 | -0.17 | 1547598 |
| ICICI Bank | 423.4 | 4.45 | 1.06 | 12304262 |
| State Bank of India | 286.85 | -4.05 | -1.39 | 19831459 |
| State Bank of Bikaner and Jaipur | 771.85 | 7.55 | 0.99 | 216408 |
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