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BusinessToday.In
New Delhi, September 18, 2019
The merger of Indian Bank and Allahabad Bank will create a robust entity with a pan-India presence. As of now, Indian Bank, the anchor bank in this merger, has a strong presence in South India whereas Allahabad Bank is present in northern and eastern India


PTI
September 18, 2019



PTI
September 18, 2019



Anand Adhikari
New Delhi, September 18, 2019
SBI has asked the RBI if it can offer long-term home loan at a fixed rate for the first few years followed by a repo-linked floating interest rate


Prasanna Mohanty
New Delhi, September 18, 2019
Rural and urban inflation sliding down when the headline interest rate (RBI's repo rate) has also been falling reflects all is not well with the economy. It calls for a comprehensive policy response to spur income and investment to revive consumption demand


BusinessToday.In
New Delhi, September 18, 2019
UP misses PM-Kisan Scheme targets; not a single farmer has received 3rd instalment yetThe government has not paid the third instalment of Rs 2,000 to even a single farmer in Uttar Pradesh (UP) under the Pradhan Mantri Kisan Samman Nidhi Scheme (PM-KISAN Scheme). Moreover, more than 30 per cent of the total beneficiaries have also not yet received the second instalment in spite of Yogi Adityanath-led government's claims of being the best state in terms of money transfers to the far...


PTI
September 18, 2019



PTI
New Delhi, September 17, 2019
In 2012, South African coal producer Exxaro and Tata Power's wholly-owned subsidiary, Khopoli Investments, formed a 50:50 joint venture to create a new energy company, Cennergi, mainly to focus on projects in South Africa, Botswana and Namibia


PTI
New Delhi, September 17, 2019
The government announced a slew of measures in three dosages which include a special window for real estate, export incentives, bank consolidation and sops for micro, small and medium enterprises (MSMEs) and the automobile sector


PTI
September 17, 2019



PTI
September 17, 2019



BusinessToday.In
September 17, 2019
Shares of State Trading Corporation of India (STC) declined as much as 18.82% to the day's low of Rs 108.45, while Metals and Minerals Trading Corporation (MMTC) stock price fell 16.36% to its intraday low of Rs 20.7 on the BSE.


BusinessToday.In
September 17, 2019
Former State Bank of India (SBI) chief Arundhati Bhattacharya and Sunil Mehta, former country head and chief executive of AIG had registered the company by the name of Welmo Fintech Pvt. Ltd on 3rd September.


PTI
September 17, 2019



PTI
September 17, 2019



BusinessToday.In
September 16, 2019
State Bank of India share price (SBI) dropped over 2% intraday on Monday after largest state-run lender reportedly scrapped its plan to list its general insurance arm on domestic bourses saying that there is no need for additional capital now.


Anand Adhikari
New Delhi, September 16, 2019
SBI and a few other banks have made a beginning by reducing deposit rates, but it is only restricted to term deposit rates


Aprajita Sharma
New Delhi, September 16, 2019
Currently, the secondary loan market in India is largely restricted to sale to asset reconstruction companies and ad hoc sale to other lenders including banks, but there is no formalised mechanism to deepen the market.


BusinessToday.In
September 16, 2019
The State Bank of India has revised service charges for deposits and withdrawal as well as ATM transactions that will kick in on October 1. Here's all you need to know.


PTI
September 16, 2019



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