Page 933 - Finance News

Bank margins face multiple headwinds

While rate cuts may increase churn between banks, these may not boost credit off-take meaningfully

Some banks begin levying MDR charges on debit card payments

Some banks have also extended free-of-charge withdrawals from ATMs till March 31

DBS Bank eyes Indian SME sector

Hopes to increase its SME customer base by 30-40% in the current year

Paytm gets RBI approval for payments bank

Payments banks can accept deposits from individuals and small businesses up to Rs 1 lakh per account

HDFC cuts home loan rates by up to 0.45%

Bank of India also reduced its home loan rates by 0.9%

Finance ministry doubts efficacy of a 'bad bank'

Setting up a new institution could only delay the resolution process, said key official

Hamara Ghar offer: SBI's new home loan

Its aim is to pass on the benefit of reduction in cost of funds and give a push to credit demand

Credit growth to improve after rate cut, says SBI

SBI said it had received about Rs 1,60,000 cr in low-cost deposits after demonetisation

Banks cut lending rates: How home-loan borrowers will benefit

A slight revision of 50 bps point can increase eligibility for new borrowers

After SBI's 90 bps move, more banks slash lending rates

Dena Bank, Kotak Mahindra Bank, ICICI Bank are among the lenders that picked up cue from SBI

ICICI Bank cuts lending rate by 0.7%

This will make home, auto and other loans cheaper

Andhra Bank reduces lending rate by 80 basis points

The changed rates will be applicable across all tenures from Tuesday onwards

Rupee breaches 68-mark to usher in 2017, plunges 30 paise

The domestic currency resumed on a weak note at 67.95 from last Friday's closing level of 67.92

Bandhan Bank cuts lending rate for small borrowers to 10.52%

Bandhan Bank will now charge its micro borrowers interest at 18.52% a year, down from 19.90%

SBI pushes merger of 5 associate banks, BMB to next fiscal

The merger would make SBI a global-sized bank and would be amongst the top 50 lenders in the world

Dena Bank cuts lending rate by 0.75%

With the reduction in benchmark rate, home, car and other loans linked to MCLR would become cheaper

Lower lending rates to cushion note ban,50-75 bps cut likely: BoFA-ML

Lending rate cuts will cushion the hit from the demonetisation shock in the second half of 2017

Banks slash rates in New Year gift; SBI leads and PNB, Union Bank follow

The new rates come into force from today.

World War II Nazi tech may lead to ultra-secure bank cards

The codes will be generated at a timed interval by a tiny clock and appear near the signature strip

Lakshmi Vilas Bank raises Rs 168 crore via QIP

The bank is also looking at improving its branch network