Payments Council Launches Common Icon Library for Uniformity, Fraud Prevention
The Payments Council of India (PCI), the apex body for payment and settlement players in the country, has launched an initiative called ‘Project Pratima’ to...
Tag : state bank of India (SBI)
SBI Surges 5%, Hits New High on Strong Second Quarter
Shares of State Bank of India (SBI) rose 5% to a record Rs 621.60 in intraday trade on Monday after the bank’s net profit rose...
Bank of Baroda Surges 8.79%
Bank of Baroda has added 16.27 per cent over October compared to a 10.21 per cent gain in the S&P BSE PSU index and a...
State Bank of India Soar 0.36%
State Bank of India (SBI) is quoting at Rs 580.65, up 0.36 per cent on the NSE. The stock is up 15.82 per cent in...
SBI Cuts Savings Deposit Rate by 5 Bps to 2.7%, BoB Raises FCNR Deposit Rate
State Bank of India (SBI) has cut savings account rates by 5 basis points to 2.7% effective October 15. The new savings rate applies to...
SBI Raises Benchmark Lending Rate by 0.7%
State Bank of India (SBI), the country’s largest lender, raised its benchmark prime lending rate (BPLR) by 70 basis points or 0.7% to 13.45%. The...
HDFC Bank Hikes MCLR Rates by 10Bps to 8.2%
On Wednesday, HDFC Bank raised the marginal cost of the funds-based lending rate (MCLR) by ten basis points to 8.2%. This is the bank’s fifth...
HDFC Bank, SBI Plan to Raise Rs 10,000 Crore Via AT-1 Bond This Week
The Economic Times reported on September 5, citing people familiar with the matter, that banking giants HDFC Bank and State Bank of India (SBI) plan...
Kotak Mahindra Bank Reports 5,278 Fraud Cases in Q1FY22-23, SBI 9 Only
According to the Reserve Bank of India (RBI) data, Leading private sector lender Kotak Mahindra Bank recorded as many as 5,278 fraud cases in Q1FY22-23...
Loans to Get More Expensive as SBI Hikes Benchmark Lending Rate By 0.5%
State Bank of India (SBI) hiked its benchmark lending rate by 50 basis points (or 0.5%), resulting in higher EMIs for borrowers. The loan rate...