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Naveen Kumar
June 6, 2020
While some borrowers get benefits of repo rate cuts quickly, others have to wait longer depending upon the tenure and regime of their loan


BusinessToday.In
New Delhi, June 6, 2020
The central bank said the government has also decided to offer a discount of Rs 50 per gram on the nominal value to investors applying online


Anand Adhikari
New Delhi, June 6, 2020
In the same period, when the stock market was soaring, India's coronavirus cases jumped from 500 levels to a mind boggling 2.36 lakh. By next weekend, India will become the fourth largest country in terms of coronavirus cases only next to the US, Brazil and Russia


Rajeev Dubey | Joe C Mathew
June 6, 2020
Uday Kotak says that he believes that there is more stimulus coming but adds that the government must ensure not to lose all the bullets at one go or it will have nothing left for the medium term


BusinessToday.In
New Delhi, June 6, 2020
Though made lightly, the remarks by SBI Chairman Rajnish Kumar reflect a huge difference in salary among top executives working in public and private banks


Dipak Mondal
June 6, 2020
Level of operations could vary from industry to industry, ranging from as low as 10 per cent to as high as 70 per cent; unless demands pick up in the external market, it is unlikely that these industries would be back to their pre-COVID levels in 4-6 weeks


BusinessToday.In
New Delhi, June 6, 2020
Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report


BusinessToday.In
New Delhi, June 5, 2020
In the meeting, RBI Deputy Governor Michael Debabrata Patra said the damage is \"so deep and extensive\" that India''s potential output has been pushed down, and it will take years to repair


Anand Adhikari
New Delhi, June 5, 2020
The banks such as Bank of Baroda and IDBI Bank have announced that 65 per cent of their loan book is under moratorium. The private banks have seen one third of their book in terms of value under moratorium


Rupa Burman Roy
June 5, 2020
Barring FMCG that fell marginally and IT sector that closed flat, all other indices ended on a bullish note, with PSU Bank rising 6.8%, followed by 5.2% rise in media stocks and 3.8% gain in metal scrips


BusinessToday.In
June 5, 2020
Share price of SBI ended 7.90% or 13 points higher to Rs 187.80 compared to the previous close of Rs 174.05 on BSE


Nirbhay Kumar
June 5, 2020
Federation of Indian Micro and Small & Medium Enterprises (FISME) and SME Chamber of India have received complaints from its members about some of the banks making things complicated for struggling small firms


BusinessToday.In
New Delhi, June 5, 2020
In terms of financial support to the customers, SBI said that Rs 17,116 crore coronavirus related loans have so far been sanctioned


Anand Adhikari
New Delhi, June 5, 2020
New money that Kotak has raised kills many birds with one stone; first, equity dilution helps him reduce stake to meet regulatory requirement of 26 per cent by August; second, additional capital strengthens private bank's balance sheet at a time when there's fear of unknown


BusinessToday.In
New Delhi, June 5, 2020
SBI results: On the quarterly basis, the bank reported a net profit of Rs 3,581 crore in the March quarter, as compared to Rs 838 crore in the corresponding quarter last year.


Reuters
June 5, 2020
Sales from China used to account for 25% to 30% of JLR's global sales, but over the past two months make up 50%


BusinessToday.In
June 5, 2020
Anamika Shukla is a full-time teacher currently employed at Kasturba Gandhi Balika Vidyalaya. Shukla was registered as a teacher in districts such as Amethi, Ambedkarnagar, Raebareli, Prayahraj, Aligarh and others


BusinessToday.In
June 5, 2020
As per HDFC Securities, SBI's loan growth is expected to moderate to approx 3% YoY, while its NII is expected to grow 12% YoY at Rs 2561 crore


BusinessToday.In
June 5, 2020
From India, Kiran is the third recipient of EY World Entrepreneur Of The Year. Before her, Uday Kotak of Kotak Mahindra Bank won this award in 2014, and Narayana Murthy of Infosys Technologies Limited in 2005


BusinessToday.In
New Delhi, June 5, 2020
Reserve Bank of India will make an initial contribution of Rs 250 crore to the fund, covering half the fund, and the remaining contribution will be done by card-issuing banks and other card networks operating in the country


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