Page 551 - Finance News

SBI increases sops for home loans above Rs 75 lakh in festive push

Offers interest rates starting as low as 6.9 per cent for a home loan of up to Rs 30 lakh and 7 per cent for above Rs 30 lakh

RBI announces Rs 1 trn 'on tap' TLTRO to enable banks to provide liquidity

Securities acquired by the banks with the intention to hold them up to maturity are classified under 'held to maturity (HTM)'

Banks can deploy on-tap TLTRO funds in agriculture, retail and MSMEs: RBI

Liquidity availed by banks under the scheme has to be deployed in corporate bonds, commercial paper and non-convertible debentures issued by the entities in specific sectors

YES Bank offers discounts on credit card; loans at competitive rates

YES Bank introduced festival season offers with discounts on processing fee on loans, low-cost EMIs, gift vouchers, cashbacks as well as various consumer loans at competitive interest rates.

State Bank of India announces up to 25 bps concession on home loan rates

The country's largest lender State Bank of India on Wednesday announced concession of up to 25 basis points (bps) on its home loan rates

HDFC Bank has sufficient financial heft to withstand economic shocks: S&P

The bank, according to the rating agency, has ample capital buffers, as reflected in its Tier-I capital ratio of 17.7 per cent as on September 30, 2020

Gehlot urges PM to annul cooperative-related amendments of banking law

Rajasthan Chief Minister Ashok Gehlot has urged Prime Minister Narendra Modi to restore the original cooperative-related provisions of the banking law

Festival offers: Axis Bank gives discount on debit, credit card purchases

Kick-starting its festival season offerings, Axis Bank on Tuesday announced a host of discounts on various consumer platforms, as well as loans at special rates

Jana Small Finance Bank opens 500th branch, plans 600 by March next year

Small finance lender Jana Small Finance Bank on Tuesday opened its 500th branch in Amruthahalli, Bangalore

Bank of Baroda ties up with Toyota Kirloskar Motor for auto finance

Following the pact, BoB will be one of the preferred financiers for the entire range of vehicles sold by TKM, the bank said in a statement

Indian Bank ties up with IIT-Madras to lend up to Rs 50 crore to start-ups

Funding to be done under 'IND Spring Board' initiative for both working capital and fixed asset purchases

CBI books former PNB deputy manager Gokulnath Shetty in bribery case

The CBI has booked retired deputy manager Gokulnath Shetty in a fresh case of receiving a bribe of Rs 1.08 crore from Rishika Financials that arranged bank guarantees for Gitanjali Gems

Bank of Baroda completes IT integration of former Vijaya Bank branches

Within one-and-a-half years of bringing Vijaya Bank under its fold, Bank of Baroda said it has completed the technical integration of over 1,900 branches of erstwhile Bengaluru-headquartered lender

CSB Bank Q2 profit jumps to Rs 69 cr; to hike proportion of gold loans

It had posted a profit of Rs 24.6 crore in the second quarter of 2019-20

CSB Bank's Q2 pre-tax profit up 137% to Rs 82 crore, 56% spike in NII

The bank's Covid-19 provisions stood at Rs 15.6 crore during the quarter, while other provisions stood at Rs 65.2 crore as compared to Rs 24.6 crore, up 164.9 per cent

Recovery of shadow banks in doubt as lenders take a hit from Covid-19

Average spreads on the lenders' AAA rated five-year bonds rose for the first time in four months in September

Centre may have no stake in public sector banks after privatisation

Wants RBI to relax the rules on ownership in private sector banks

Our apps will be mainly cloud-based: Deutsche Bank's Dilipkumar Khandelwal

Dilipkumar Khandelwal offers insights on how the financial powerhouse is driving innovation through emerging technologies such as artificial intelligence and machine learning

Centre to ensure interest waiver benefits to small borrowers by Nov 2

Experts say provisioning requirements for banks may go up 20-50 per cent in Q2 due to SC standstill order

Lack of capital prevents banks from transferring rate cuts: RBI staff study

Markets do not view banks with low capital favourably and offer funds at a higher rate, says study done independently.