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Currently, SBI has 74 per cent stake in SBI Life Insurance. File Photo
Currently, SBI has 74 per cent stake in SBI Life Insurance. File Photo

SBI to sell up to 10% stake in life insurance JV

Our Bureau

The Executive Committee of State Bank of India’s Central Board has authorised divestment of the... »

Third party premium rates for vehicles hiked from April 1

G Naga Sridhar

Vehicle insurance premiums will increase upwards of 30 per cent, depending on type of ve... »

ICICI Bank expands retail banking

Beena Parmar

India’s largest private lender ICICI Bank now has crossed 4,000 branches with a largest network... »

Pay more for bank services from April 1

Beena Parmar

From Wednesday, private sector bank customers will now have to shell out more for financial serv... »

FinMin to PSBs: consider selling non-core biz

Saving resources: Public Sector Banks have non-core businesses such as mutual funds, investment banking, and insurance.

K Ram Kumar

Banks told to work on capital raising plans by tapping equity, non-equity routes »

Banking

Harsh K Bhanwala (right), Chairman of Nabard, with HR Dave, Deputy Managing Director, in Mumbai on Tuesday SHASHI ASHIWAL

Nabard seeks nod toissue tax-free bonds

Our Bureau

The National Bank for Agriculture and Rural Development (Nabard) has moved the Finance Ministry... »

Banking

Banks turn to biz correspondents to make Jan Dhan accounts operational

G Naga Sridhar

Road map drawn to familiarise them with technology, basic knowledge of products »

Banking

Mohan Vizhakat, Chief Technology Officer, Manappuram Finance

Soon, e-lockers may replace traditional ones at Manappuram Finance

V SAJEEV KUMAR

Move will provide greater security, open new avenues of business: CTO »

International

Japan denies plans to join AIIB

PTI

Japan today ruled out any immediate plan to join the Beijing-backed Asian Infrastructure Investm... »

Banking

SIDBI signs $543-mn loan pacts with World Bank

Beena Parmar

The Small Industries Development Bank of India (SIDBI) has signed two agreements worth $500 mill... »

National

SBI lending to farm sector down ₹1,100 crore in AP, Telangana

G Naga Sridhar

For the first time in last 20 years, State Bank of India’s (SBI) agricultural lending has come d... »

Small savings interest rate up

Our Bureau

The Finance Ministry has raised the interest rates on two key small savings schemes — the five-year Senior Citizens Savings Scheme and the Sukanya Samriddhi Account Scheme . While... »

Banks turn to biz correspondents to make Jan Dhan accounts operational

G Naga Sridhar

Road map drawn to familiarise them with technology, basic knowledge of products »

Nabard seeks nod toissue tax-free bonds

Harsh K Bhanwala (right), Chairman of Nabard, with HR Dave, Deputy Managing Director, in Mumbai on Tuesday SHASHI ASHIWAL

Our Bureau

The National Bank for Agriculture and Rural Development (Nabard) has moved the Finance Ministry to allow it to issue tax-free bonds to augment its resources. This comes in view of the lik... »

SIDBI signs $543-mn loan pacts with World Bank

Beena Parmar

The Small Industries Development Bank of India (SIDBI) has signed two agreements worth $500 million and $43 million with the World Bank, which will immensely benefit the MSMEs of the country. ... »

Japan denies plans to join AIIB

PTI

Japan today ruled out any immediate plan to join the Beijing-backed Asian Infrastructure Investment Bank (AIIB), categorically denying a news report that its ambassador to China said Tokyo is like... »

ICICI Bank repatriates capital from UK, Canadian arms

Our Bureau

ICICI Bank has commenced efforts to repatriate capital from its overseas banking subsidiaries (UK and Canada) in order to optimise capital for the ICICI Group and improve its return on equity. »

ICICI Bank, HDFC Bank cut deposit rates by up to 25 bps

Our Bureau

Top private lenders ICICI Bank and HDFC Bank have cut deposit rates by up to 0.25 per cent (25 basis points) on high value fixed deposit on select maturities, a move cited as a herald to cut lendi... »

Rupee drops 26 paise on month-end dollar demand

Our Bureau

The rupee dropped 26 paise beginning the week on a lower note to end at 62.68 weighed by dollar demand from banks and oil companies and tracking weaker Asian currencies.The domestic currency... »

Corporation Bank, LIC ink MoU for implementing PM Jeevan Jyoti scheme

Corporation Bank’s Aadhar-linked savings account holders will be eligible for life insurance up to ₹2 lakh for a premium of ₹330 (plus service tax) per annum. File Photo

Our Bureau

Corporation Bank and Life Insurance Corporation (LIC) of India signed a memorandum of understanding (MoU) in Mangaluru on Monday for implementing ‘Pradhan Mantri Jeevan Jyoti Bima Yojana’ (PMJJBY)... »

SBI Cards launches SimplySAVE card

Beena Parmar

SBI Cards and Payment Services (SBI Card) today launched its SimplySAVE SBI credit card with features designed to complement the spending habits of credit card users. “Inspired by the sp... »

Arohan raises Rs 60 cr from Tano Capital

Max Life, Lakshmi Vilas Bank in bancassurance pact

Clipping RBI’s wings is a bad idea

Centre extends Indian Bank chief Bhasin's term

RBI wants more say in setting up of Monetary Policy Committee

RBI may hold policy rates in April: DBS

Union Bank of India defers Rs 1,386 cr QIP issue to next fiscal

Banks’ large exposure to counterparties to be capped at 25% of Tier 1 capital

RBI announces level of borrowings

Our Bureau

The Reserve Bank of India, in consultation with State governments, on Tuesday announced that the indicative quantum of total market borrowings by States and the Union Territory of Puducherry, for... »

Soon, e-lockers may replace traditional ones at Manappuram Finance

Mohan Vizhakat, Chief Technology Officer, Manappuram Finance

V SAJEEV KUMAR

Move will provide greater security, open new avenues of business: CTO »

SKDRDP tie-up with LIC benefits rural population

Our Bureau

Shri Kshethra Dharmasthala Rural Development Project (SKDRDP), a Dharmasthala-based non-governmental organisation involved in rural development activities, has sold 11.33 lakh Jeevan Madhur... »

SBI lending to farm sector down ₹1,100 crore in AP, Telangana

G Naga Sridhar

For the first time in last 20 years, State Bank of India’s (SBI) agricultural lending has come down by about ₹1,100 crore in the financial year 2014-15. “We are ending the present financi... »

NBFCs asked to give public notice prior to merger and acquisition deals

Our Bureau

Non-banking financial companies will need to give 30 days prior public notice before making any acquisition or takeover in addition to taking the RBI’s permission, according to the central bank. <... »

We have completely redefined our business process: SBI MD Sriram

K RAM KUMAR, BEENA PARMAR

During Q3, we have recovered ₹602 cr against ₹360 cr in the same quarter last year »

Andhra Bank opens 2500th branch

G Naga Sridhar

Andhra Bank has opened its 2500th branch at Khajaguda here on Monday. Speaking after formal inauguration of the branch by Eatala Rajender, Minister for Finance & Plann... »

Edelweiss Tokio Life offers critical illness cover of Rs 1 cr

Beena Parmar

  Edelweiss Tokio Life, the life insurance arm of Edelweiss Financial Services Ltd today launched Edelweiss Tokio Life -- CritiCare+, a critical illness cover, with a higher... »

AP Grameena Vikas Bank opens 24 branches

G Naga Sridhar

Andhra Pradesh Grameena Vikas Bank (APGVB), sponsored by State Bank of India, on Monday opened 24 new branches in Visakhapatnam, Vizianagaram and Srikakulum districts. According to V Nara... »

RBI eases bad loans provisioning norms

Our Bureau

The Reserve Bank of India on Monday relaxed provisioning rules against bad loans by allowing banks to use up to 50 per cent of floating provisions, up from 33 per cent earlier. Countercy... »

ICICI Bank to repartriate capital from overseas subsidiaries

SKS Micro completes Rs 344-cr securitisation deal

Magma Fincrop gets nod for preferential allotment of equity shares

AP loan-waiver scheme hits banks, self-help groups

FinMin asks banks to deposit March TDS by month end

‘SBI set to buy residential properties of Air India in south Mumbai’

RBI to soon issue norms for Central Fraud Registry

Audio
Rajalakshmi Nirmal and Radhika Merwin of the BL Research Bureau discuss the role of asset reconstruction companies (ARCs) in the banking sector and how they deal with bad loans.

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