Nine financial institutions in India decided to join hands in creating a consortium funding to infra projects that is worth over 1,000 crore each. The banks that are involved in this consortium are State Bank of India, Punjab National Bank, Bank of India, Bank of Baroda, Canara Bank, Union Bank, IDBI Bank, IIFCL and LIC. […]
In an open market transaction, the Macquarie Bank had offloaded 80 lakh shares of Infrastructure Development Finance Company (IDFC) in an amount of Rs 102 crore. According to a data that can be found in the stock exchanges, the bank will be selling its 80 lakh share in IDFC for about Rs 127.55 a piece. […]
The government of India decided last June 22 that they will be buying government securities to ease the liquidity situation. This is one way where the Reserve Bank of India will pump in Rs 12,000 crore into the market through Open Market Operations. For the detail, the RBI will purchase government securities maturing in different […]
Good news for those who are planning to established a small business since SBI cuts its lending rates between 0.5 – 3.5%. This fact would surely drive a lot of lenders to State Bank of India (SBI). As we all know, one of the problems when it comes to building a business is the fact […]
For the current fiscal year, State Bank of India (SBI) is planning to hire 9,500 employees. This is to focus more on retail banking. This is surely good news for people in India who are currently looking for some work. According to their Chairman, Mr Pratip Chaudhuri, the bank is hiring this number of employees […]
RBI has mentioned a circular to all banks stating that they need to ensure they have followed the system that they have implemented where banks are not allowed anymore permitted to charge prepayment penalties on home loans on floating interest rate basis. Borrowers can now freely shift loans without incurring prepayment charges. There might be […]
In order to take the lead, State Bank in India (SBI) decided to launch a personal loan scheme against property loans which is quite becoming known to a lot of people these days. The loan that the bank offers is at interest rates lower than that of some of its competitors. The targets of this […]
The Deutsche Bank has now a new co-chief executive in the name of Anshu Jain. The bank is hoping that the new leadership under Jain would bring the organization into more progress. The main task of Jain is to build Deutsche Bank to become a world class bank and to be among the world’s top […]
