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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.
SBI Chairman Rajnish Kumar says 59-minutes loan scheme yet to make a mark
Kumar said the bank is also planning to extend the scheme to car and auto loans because all the loans in this category are in the same quantum.
BoB, PNB, other lenders hold 2-day meeting to generate ideas for growth
The consultations were held over a period of two days from August 17-18 under the direction of Department of Financial Services, Ministry of Finance.
Look at opportunities too, not just difficulties: RBI Governor
RBI governor stresses on importance of positive sentiment, calls on banks to spur credit growth
Public sector banks explore northeast India centric products
Barun Kumar, Deputy General Manager of Union Bank of India said, “For some constrains intervention of government and in some intervention of National bank for agriculture &rural development (NABARD) will be required.”
State-run banks to involve branches over growth goals
The exercise was carried out over the weekend, as directed by the ministry.
Economic Offence Wing lens on role of IL&FS Securities in Allied Financial fraud case
EOW on Friday arrested Awanish Mishra, a director of Allied Financial.
State Bank of India mulls repo-linked home loans for existing borrowers
SBI is contemplating extending the benefit of repo-linked rate to the existing borrowers.
Public sector banks take employees on board on road to efficiency
"The broader theme is how to motivate branch level employees to align them with national priorities and how banks can contribute to make India a $5 trillion economy," SBI chairman Rajnish Kumar said.
Credit demand subdued, economy needs stimulus: SBI Chairman Rajnish Kumar
Kumar was in the city to attend the multi-level consultation programme with the branch managers of SBI in the region.
Current auto slowdown will not create NPAs: SBI
State Bank of India is trying ensure availability of credit to car-buyers, and at low interest rates.
BOI hoping to recover around Rs 2,500 crore in 2-3 quarters, says official
The recovery would be around Rs 2,500 crore from the eight to 10 big accounts, Chaitanya said.
Banks Board Bureau invites applications for top posts in PNB, BOI
As per the BBB's recruitment notice, candidates can apply for the vacancies at PNB and BOI till September 16.
PSU banks told to discuss roadmap for industry
Lenders have to initiate month-long consultation process on issues like credit growth, corp governance.
BANKING 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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