Bad loan crisis: From South Indian Bank, HDFC Bank to ICICI Bank, Private Banks see rise in June quarter NPAs






Thirteen of the 15 listed private sector banks that have reported their results for the quarter ended June saw their gross non-performing assets (NPAs) rise on a sequential basis, according to data from Capitaline. The two lenders that bucked the trend were YES Bank and Jammu & Kashmir Bank, whose gross NPAs fell 32% and 6%, respectively, from the end of the […]




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PNB, South Indian Bank lower lending rates for Dec






Punjab National Bank has cut the marginal cost of funds based lending rate (MCLR) by 0.05-0.10 percentage points for December across maturities of various tenors.  The bank has reduced the marginal cost of funds based lending rate with effect from December 1, 2016, it said in a regulatory filing. For a tenor of five years, the new MCLR is down by 0.05 per cent to […]




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South Indian Bank launches contactless Debit Card






South Indian Bank has announced the launch of its contactless debit card. The Near Field Communication (NFC) technology makes the contactless cards very secure, as the card does not leave the cardholder’s possession. Customers can also opt to use their card as a normal CHIP card and transact in a ‘contact’ mode too. Once the merchant enters the purchase amount […]




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South Indian Bank cuts MCLR rate by 0.05 pc






South Indian Bank has cut its marginal cost of funds based lending rates by 0.05 percentage point across tenors with effect from tomorrow. "The Marginal Cost of Funds based Lending Rates (MCLR) applicable for multiple tenors have been revised with effect from November 1, 2016," the bank said in a BSE filing. The one-year MCLR will stand at 9.80 per […]




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