Mutual Fund or Bank deposit ?
[ad_1] Country's biggest lender SBI has moved the National Company Law Tribunal (NCLT) against Jaiprakash Associates Ltd for initiation of insolvency proceedings against the debt-ridden company. State Bank of India (SBI) in its plea filed before the Allahabad bench of NCLT has claimed a total default of Rs 6,893.15 crore
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[ad_1] India needs 'fewer' but stronger Public Sector Banks (PSBs), and the smaller ones could be privatised or merged, former SBI chief Arundhati Bhattacharya has said. Bhattacharya further said much of the goals that are expected to be achieved through privatisation of PSBs can also actually be achieved by enabling
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[ad_1] There has been a consistent rise in income in India's semi-urban and rural markets and this provides a great opportunity to the banking industry to augment the size of the country's credit card market. Keeping a close eye on these developments, Axis Bank is aiming to capture a greater
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[ad_1] The government is in favour of banks working closely with the non-banking financial companies (NBFCs) and fintech companies for co-lending and also push forward the digital route, an official said. Speaking at a CII event here on Friday, Hardik Mukesh Sheth, director (banking operations) of the department of financial
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[ad_1] Over the last decade, the way we make payments has undergone breakthrough transformation. Cashless payment instruments have taken over both national and international payment markets, ushering in significant changes in how acquirers, gateways, processors, payment service providers (PSP) among others function and operate. This market shakeout has fundamentally changed
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[ad_1] National Asset Reconstruction Company of India Ltd (NARCL), the bad bank promoted by the government, is preparing to acquire 18 distressed accounts totalling Rs 39,921 crore by October 31, said two people aware of the development. This follows directions from senior finance ministry officials to government owned banks at
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[ad_1] Merger and acquisitions will continue to be a part and parcel of the insurance sector, which is a highly capital intensive sector and can accommodate new entrants with specialised skill sets having long-term vision. The past developments in this sector and recent decision of the Mumbai National Company Law Tribunal
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[ad_1] State Bank of India (SBI) on Friday said SBI Global Factors Ltd has become its 100 per cent subsidiary as the country's biggest lender has acquired about 14 per cent stake from other shareholders. SBI has acquired 13.82 per cent equity of existing shareholders i.e., SIDBI (6.53 per cent),
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[ad_1] State Bank of India (SBI), India's largest lender, on Thursday clarified that it has not been identified as a nodal bank for handling Russia-related transactions. The clarification by the bank came in response to reports in certain sections of media that it had been identified as nodal bank for looking
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[ad_1] The country's largest lender, State Bank of India (SBI), raised the Benchmark Prime Lending Rate (BPLR) by 70 basis points (or 0.7 per cent) to 13.45 per cent on Wednesday. The announcement would make loan repayment linked to BPLR costlier. The current BPLR rate is 12.75 per cent. It
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