Bankers are awaiting clarity on exemption on maintenance of cash reserve ratio (CRR) amid confusion over how the incentive for lenders will be calculated after the Reserve Bank of India (RBI) eased regulatory norms for retail loans to boost demand in the sagging economy in its monetary policy meet on February 6. Lenders say they […]

Public-sector entity Indian Bank has decided to stop loading its ATMs with Rs 2,000 notes, citing customer preferences. According to RBI data, Indian Bank had nearly 4,000 ATMs across India as of December 2019. Indian Bank said it had a recurring problem with on-site ATMs (those located within a bankx27;s branch). Customers would step into

Reserve Bank of India Governor Shaktikanta Das has said the central bank has already initiated discussions with some institutions and efforts are on for inclusion of government bonds in global indices as quickly as possible. The development would attract higher foreign flows as many overseas funds are mandated to track global indices. It will help

SBI account: You have time till February 28 and if you don’t do this, your account in State Bank of India will get non-operational. For any bank, maintaining a record of information about its customers is of great importance. It helps the bank better serve its customers and also prevent frauds and other financial irregularities.

There was some good news and some not so good news for borrowers when the Reserve Bank of India (RBI) announced its monetary policy review earlier this month. First the good news. RBI adopted unconventional measures to bring down the cost of funds for banks. It eased the cash reserve ratio (CRR) requirement on incremental

SBI Alert Number: You can check your State Bank of India account balance, mini statement through SMS banking; here is how State Bank of India (SBI) customers can check their account balance, mini statement through numerous methods. SBI Balance Enquiry and mini statement can be accessed through mobile banking, net banking, ATM, branch visit, SMS

The ₹9,000 crore initial public offering (IPO) of SBI Cards and Payment Services, the credit card arm of State Bank of India (SBI) , will open on March 2, according to its prospectus. SBI Cards is the second-largest credit card issuer in India with an 18 per cent market share. The company plans to issue

The Indian rupee declined by 26 paise to 71.80 against the US dollar in opening trade on Thursday amid muted opening in domestic equities and rising crude oil prices. Besides, as investor sentiments remained fragile amid coronavirus fears and sustained foreign fund outflows. The death toll from the coronavirus epidemic in China has climbed to