Page 989 - Finance News

SBI sells 5% of NSE stake to Veracity for Rs 911 crore

State Bank of India sold 22,50,000 equity shares of NSE, priced at Rs 4,050 a unit

No credit rating for retail borrowers: Here's what you can do to cash in

Constantly trying to better your credit score is the only way to get better borrowing capacity

Now, shop from Flipkart with SBI EMIs

Personal loan interest (14%) will apply for the purchase

RIL, SBI sign shareholder agreement for payments bank JV

RBI granted in-principle approval to RIL as a promoter in September 2015 for the setting up of the payments bank

SBI to offer banking services on Facebook, Twitter

The new initiative was launched on Friday on the occasion of 61st State Bank Day

JP Morgan gets RBI approval to open three branches

The lender expects the branches to be operational in the next few months

Indian Bank revises FCNR deposit interest rates

For deposits in US Dollars, the revised interest rates have been fixed at 1.70% for one year

CAG seeks debate on audit of RBI

Emphasises need for greater accountability and transparency

RBI issues Small Finance Bank licence to Equitas Holdings

New SFB would cost additional Rs 100 crore a year, but benefit will be through reduction in cost of funds, says MD

Reserve Bank to sell Rs 1.85 lakh cr of T-bills in Q2

Pre-2005 notes to be exchanged only at RBI offices

The move was because RBI observed that "a major portion of the pre-2005 banknotes have been withdrawn from circulation"

ITI Reinsurance clears first hurdle for Irdai licence

At present, there is only one domestic reinsurer, General Insurance Corporation of India

HDFC, SBI Life buy 18.5% in IDFC Infra Debt Fund

Refinancing firm to raise Rs 1,000 cr via bonds

Legacy shadow on SBI asset quality

The public lender's gross NPA went up to 6.50% in 2015-16 from 4.25% the previous year

Delay likely in farm sector recovery: Ind-Ra

Average delinquency rate for close to 12 months seasoned loans was 9% during 2009 amid deficient rainfall and low agri-GDP

India's external debt increases on FCNR(B) deposits

Banks had raised about $34 billion through the FCNR (B) from deposits from NRIs in September 2013, most of which are falling due this year

Electronic book mechanism for debt securities issue above Rs 500 cr

he move is expected to bring more transparency and make the system more efficient

Bank may see some pain on asset quality: SBI chief

Volume of NPAs went up after RBI conducted asset quality review in 2015-16

Indian money in Swiss banks dips 33% to Rs 8,392 cr

The funds held by Indians with Swiss banks stood at a record high of CHF 6.5 billion (Rs 23,000 crore) at 2006-end

HDFC Bank launches e-banking platform for SMEs

SM@Bank would allow clients access full bouquet of services instantly on 24x7 basis over personal computers or mobile phones