SBI, Other Banks may Cut Lending Rates in New Year

State Bank of India, the country's largest lender, and a few other banks are expected to announce a cut in lending rates effective early January, said people with knowledge of the matter. That could give consumption a much-needed boost, having slumped in the wake of demonetisation as people are unwilling to spend on non-essential items amid a currency shortage. People […]

Read more

3 Convicted for Swindling Rs 1.99 cr via Fake Account

A special court trying the CBI cases has sentenced three persons including a bank Dispatch Clerk to undergo a rigorous imprisonment for 7 to 10 years as they were found guilty of swindling `1.99 crore through a fake account. According to prosecution, S Sudalayandi, the dispatch clerk at SBI’s Vadiveeswaram branch in Nagercoil hatched a criminal conspiracy along with Rajkafur […]

Read more

Indian Banks unwrap Modi’s GIFT to Offshore Business

Banks are queuing up for licences to open branches at Gujarat International Finance Tec-City (GIFT City), where they will have offshore market access to supply the growing foreign-currency needs of Indian companies. GIFT City is the culmination of Prime Minister Narendra Modi's dream to create an international financial centre in the western state, where he was chief minister from 2001 […]

Read more
1 2 3 4 5