Customers pay Rs 5,000cr to banks in FY18 for breaching minimum balance
6 years, 7 months ago

Customers pay Rs 5,000cr to banks in FY18 for breaching minimum balance

India TV News  

As many as 21 public sector banks and three major private sector lenders collected a whopping Rs 5,000 crore from customers for non-maintenance of minimum balance in their accounts in 2017-18, according to banking data. India's largest lender State Bank of India, which suffered a staggering net loss of Rs 6,547 crore during 2017-18, led the pack in penalising its customers for not maintaining minimum account balance. The government-owned SBI, which re-introduced the penalty on deposits going below monthly average balance basis from April 2017, collected nearly half the amount raised by the 24 banks put together. Customers opening accounts under Basic Savings Bank Deposit scheme as well as Pradhan Mantri Jan Dhan Yojna are not required to maintain any minimum balance.

Balance Bank Crore Customers Minimum Sbi Minimum Balance  collected  pay  balance  minimum  crore  bank  customers  fy18  breaching  banks  sbi  rs  201718  5000cr

History of this topic

SBI net zooms 84.3% to Rs 16,891 crore on low-base, better asset quality
1 month, 2 weeks ago

SBI net zooms 84.3% to Rs 16,891 crore on low-base, better asset quality

New Indian Express  

MUMBAI: State Bank of India has said its net income has soared a hefty 84.3% to Rs 16,891 crore in the December quarter, aided mostly by the low-base in the year-ago period when the nation’s largest lender had taken a one-time hit of Rs 7,100 crore towards pension liabilities following the wage revision and better asset quality coupled with higher …

ICICI Bank Q3 PAT increases 14.8% to ₹11,792 crore
1 month, 3 weeks ago

ICICI Bank Q3 PAT increases 14.8% to ₹11,792 crore

The Hindu  

ICICI Bank, the second largest private sector bank, reported a 14.8% year-on-year growth in net profit for the third quarter ended December 31 to ₹11,792 crore. The gross NPA additions were ₹6,085 crore out of which ₹5,300 crore were from retail and rural and the rest was from corporates, Sandeep Batra, Executive Director, ICICI Bank said over a conference call. …

Bank of India Q3 PAT up 35% to ₹2,517 crore
1 month, 3 weeks ago

Bank of India Q3 PAT up 35% to ₹2,517 crore

The Hindu  

Bank of India for the third quarter ended December 31, 2024 reported 35% growth in net profit to ₹2,517 crore compared with ₹1,870 crore in the year-ago period. During the quarter, the bank’s Net Interest Income increased by 11% Year on Year to ₹6,070 crore. Net NPA declined by 29.07% YoY from ₹7,627 crore in the third quarter last year …

Axis Bank Q3 net profit rises 4% to ₹6,304 crore
2 months ago

Axis Bank Q3 net profit rises 4% to ₹6,304 crore

The Hindu  

Axis Bank Ltd., the 3rd largest private sector bank, for the third quarter ended 31st December 2024 reported 4% growth in net profit to ₹ 6,304 crore over the year ago period. The bank’s Net Interest Income grew 9% YOY to ₹13,606 crore while Net Interest Margin for Q3FY25 stood at 3.93%. The bank’s balance sheet grew 9% YOY and …

FD rates soar: Earn up to 7.4% with DCB, IndusInd, YES, Axis and other top banks
2 months, 3 weeks ago

FD rates soar: Earn up to 7.4% with DCB, IndusInd, YES, Axis and other top banks

India Today  

Fixed deposits remain a go-to choice for Indian investors seeking stability and guaranteed returns. Amid rising interest rates, both private and government banks are offering appealing rates for general citizens on deposits under Rs 3 crore, particularly for five-year tenures. TOP BANKS OFFERING COMPETITIVE RATES For five-year fixed deposits, private and government banks are offering competitive interest rates: DCB Bank …

SBI set to borrow $1.25 billion, India’s largest dollar-denominated bank loan in 2024; details here
4 months ago

SBI set to borrow $1.25 billion, India’s largest dollar-denominated bank loan in 2024; details here

Live Mint  

The State Bank of India, India's largest public sector bank, is planning to raise up to $1.25 billion, marking the biggest dollar-denominated loan in the country's financial sector. Dollar loan volume declines The report said that despite these loans, India's dollar loan volume has declined 27 per cent to $14.2 billion this year due to the absence of large company …

Axis Bank Q2 Results: A Strong Performance Despite Market Challenges
5 months ago

Axis Bank Q2 Results: A Strong Performance Despite Market Challenges

Live Mint  

Axis Bank reports a strong Q2FY25 performance, with a 18% rise in standalone net profit to ₹6,917.57 crore. The bank's net interest income (NII) rose 10% YoY, while the net interest margin (NIM) shrunk by four per cent. Despite the decline in NIM, the bank's margin excluding the one-time tax gain remained broadly maintained. The bank's net loans grew by …

HDFC Bank to Announce Q2 FY25 Financial Results on October 19, Check Details
6 months ago

HDFC Bank to Announce Q2 FY25 Financial Results on October 19, Check Details

News 18  

HDFC Bank, India’s largest private sector lender, on Monday said it will announce its second-quarter results for the current financial year 2024-25 on October 19. In a BSE filing, the company said its board of directors will meet on October 19, 2024, “to inter-alia consider and approve the un-audited standalone and consolidated financial results for the quarter/half-year ending September 30, …

Which bank is charging how much for not maintaining minimum balance? Check details here
7 months, 1 week ago

Which bank is charging how much for not maintaining minimum balance? Check details here

India TV News  

New Delhi: There was news recently that government banks collectively charged approximately Rs 8,495 crore from their customers for not maintaining the minimum balance. Full details of SBI, HDFC, ICICI, Yes Bank and PNB here: Here are the details regarding the charges for not maintaining the minimum balance in savings accounts across different banks: State Bank of India Since 2020, …

SBI Q1 2024-25 results: Net profit up 5.04%, net NPAs down by 6.26%, ₹25,000 crore bond fundraise approved
7 months, 2 weeks ago

SBI Q1 2024-25 results: Net profit up 5.04%, net NPAs down by 6.26%, ₹25,000 crore bond fundraise approved

Hindustan Times  

State Bank of India Ltd has announced its first quarter results for the financial year 2024-25 on Saturday, August 3, 2024 and its board has also approved a ₹25,000 crore fundraising through bonds. SBI recorded a net profit of ₹19,680.80 crore in Q1 2024-25, an increase of 5.04% or ₹944.85 crore, compared to ₹18,735.95 crore during Q1 2023-24 or the …

Axis Bank shares climb 6 pc post earnings announcement; mcap surges by ₹19,695.96 cr
10 months, 3 weeks ago

Axis Bank shares climb 6 pc post earnings announcement; mcap surges by ₹19,695.96 cr

Hindustan Times  

New Delhi, Shares of Axis Bank on Thursday climbed 6 per cent after the company reported a consolidated net profit of ₹7,599 crore during the March 2024 quarter. Axis Bank shares climb 6 pc post earnings announcement; mcap surges by ₹ 19,695.96 cr The stock advanced 5.98 per cent to settle at ₹1,127.35 apiece on the BSE. Axis Bank on …

Fixed deposit news: Bank of India revises FD rates. How they compare with SBI, ICICI, HDFC Bank
11 months, 2 weeks ago

Fixed deposit news: Bank of India revises FD rates. How they compare with SBI, ICICI, HDFC Bank

Live Mint  

Bank of India revises FD rates: BOI has updated its fixed deposit interest rates for deposits below ₹2 crore. Bank of India latest FD rates For deposits maturing between 7 days and 45 days, the Bank of India is offering an interest rate of 3%. Bank of India revises FD rates Deposits maturing in 1 year to less than 2 …

HDFC Bank Vs ICICI Bank Vs SBI: Check Detailed FD Interest Rates Comparison
1 year, 1 month ago

HDFC Bank Vs ICICI Bank Vs SBI: Check Detailed FD Interest Rates Comparison

News 18  

HDFC Bank Vs SBI Vs ICICI Bank FD Rates: Fixed-income instruments, like small savings schemes, bank FD and G-Sec, have been a sought-after route for those investors who are looking for a stable return with low risk. ICICI Bank is offering FD rates up to 7.60 per cent annually and SBI is giving up to 7.50 per cent a year. …

SBI Q3 net slips 35% on wages, pension
1 year, 1 month ago

SBI Q3 net slips 35% on wages, pension

The Hindu  

State Bank of India reported third quarter net profit plunged 35.49% to ₹9,164 crore as compared with ₹14,205 crore in the year ago period due to a one-time provisioning of ₹7,100 crore toward wage hikes and pension liabilities, its chairman Dinesh Khara said at a press conference. Out of the ₹7,100 crore the bank provided ₹5,400 crore to correct the …

Small finance, payments banks growing sustainably: Experts at Mint BFSI Summit
1 year, 2 months ago

Small finance, payments banks growing sustainably: Experts at Mint BFSI Summit

Live Mint  

New Delhi: Small finance banks and payments banks, constituted under the differentiated banking license policy of the Reserve Bank of India, have seen sustainable growth throughout their existence, industry experts said at the Mint BFSI Summit and Awards 2024 on Thursday. That means they have touched the lives of 100 million Indians, or 7% of the population, in under seven …

SBI Vs HDFC Bank Vs ICICI Bank: Check Detailed FD Interest Rate Comparison
1 year, 2 months ago

SBI Vs HDFC Bank Vs ICICI Bank: Check Detailed FD Interest Rate Comparison

News 18  

SBI Vs HDFC Bank Vs ICICI Bank: Even as SBI hiked its interest rates on fixed deposits below Rs 2 crore, the FD savings have become a lucrative fixed-income instrument beating inflation by a comfortable margin. ICICI Bank is offering FD rates up to 7.60 per cent annually and SBI is giving up to 7.50 per cent a year. HDFC …

This Small Finance Bank Is Offering Over 9% Interest On FDs
1 year, 5 months ago

This Small Finance Bank Is Offering Over 9% Interest On FDs

News 18  

During the meeting of the Monetary Policy Committee of the Reserve Bank of India, it was decided that there would be no changes in the repo rate. Customers are also getting 5.25 per cent interest on FDs maturing in 46 days to 90 days, 5.75 per cent interest on FDs maturing in 91 to 180 days, and 6.50 per cent …

PMJDY accounts cross 50 crore, deposits exceed ₹2 lakh crore
1 year, 6 months ago

PMJDY accounts cross 50 crore, deposits exceed ₹2 lakh crore

The Hindu  

The number of bank accounts under the PM Jan Dhan Yojana, which completes nine years on Monday, has crossed 50 crore this month with total deposits exceeding ₹2 lakh crore, Financial Services Secretary Vivek Joshi said on Saturday. As of August 16, 50.09 crore PMJDY accounts had been opened with total deposits at ₹2,03,505 crore, up from 48.65 crore accounts …

Cleaning up of NPA mess will propel the economy
1 year, 7 months ago

Cleaning up of NPA mess will propel the economy

Hindustan Times  

To understand the complexities of India’s banking sector, one needs to grapple with a term that tends to recur with unsettling regularity – non-performing assets. The gross NPA ratio of scheduled commercial banks stood at 4.9%, and ₹66.6 lakh crore in March 2014 were bad loans. The National Democratic Alliance government took several steps to address the NPA problem, including …

HDFC Bank Q1 net profit rises 30% YoY to ₹11,952 crore; NII jumps 21%
1 year, 8 months ago

HDFC Bank Q1 net profit rises 30% YoY to ₹11,952 crore; NII jumps 21%

Live Mint  

HDFC Bank, the largest private lender in the country, reported a standalone net profit of ₹11,951.7 crore for the quarter ended June 2023, registering a growth of 30% from ₹9,196 crore in the same quarter last year. HDFC Bank's total deposit showed a healthy growth and were at ₹19,13,096 crore as of June 30, 2023, an increase of 19.2% over …

Bank of Baroda becomes second PSB after SBI to hit ₹1 lakh crore market cap
1 year, 9 months ago

Bank of Baroda becomes second PSB after SBI to hit ₹1 lakh crore market cap

Live Mint  

Bank of Baroda share price: Despite sell off in key benchmark indices, Bank of Baroda shares continued to attract buying interest by stock market bulls. While ascending to this intraday high, Bank of Baroda share came close to its 52-week high of ₹197.20 per share levels and hit an important milestone of ₹1 lakh crore market capital. After achieving this …

SBI's Q4 net profit jumps 83% to ₹16,694 cr
1 year, 10 months ago

SBI's Q4 net profit jumps 83% to ₹16,694 cr

Hindustan Times  

The country's largest bank SBI on Thursday reported an 83 per cent jump in net profit at ₹16,694.51 crore for the fourth quarter of 2022-23 fiscal on higher interest income and low provisioning. For the full 2022-23 fiscal, SBI's net profit increased 59 per cent to ₹ 50,232.45 crore. During the March quarter of 2022-23 fiscal, the bank's interest income …

Bank FD: ICICI Bank vs Axis Bank vs HDFC Bank; Check Comparison of Latest Interest Rates
2 years ago

Bank FD: ICICI Bank vs Axis Bank vs HDFC Bank; Check Comparison of Latest Interest Rates

News 18  

Several banks, including Axis Bank, ICICI Bank, HDFC Bank and SBI, have raised their interest rates on both deposits and loans multiple times in the recent past. The RBI MPC last month raised the key repo rate by 25 basis points to 6.50 per cent. Here’s the comparison of the current fixed deposit interest rates offered by three lenders Axis …

Bank FD: ICICI Bank vs PNB vs HDFC Bank; Check Comparison of Latest Interest Rates
2 years, 1 month ago

Bank FD: ICICI Bank vs PNB vs HDFC Bank; Check Comparison of Latest Interest Rates

News 18  

The RBI MPC meeting is going to take place between February 6-8, to decide on the interest rate movement in the country. The central bank in 2022 raised the repo rate five times by 225 basis points in total to 6.25 per cent. Here’s the comparison of the current fixed deposit interest rates offered by three lenders ICICI Bank, PNB …

Axis Bank raises FD interest rates: See fixed deposit return calculator for senior citizens
2 years, 4 months ago

Axis Bank raises FD interest rates: See fixed deposit return calculator for senior citizens

Firstpost  

After the consecutive repo rate hikes by the Reserve Bank of India, banks have been raising the interest rates on fixed deposits and savings accounts since May this year. Know the rates: Axis Bank is now providing an interest rate of 3.5 percent for FDs maturing in 7 to 45 days and 4 percent for deposits maturing in 46 to …

These banks are offering exciting interest rates on fixed deposits during festive season; check list
2 years, 4 months ago

These banks are offering exciting interest rates on fixed deposits during festive season; check list

Firstpost  

Fixed deposits or FDs can be helpful in building an emergency corpus because of the abundant liquidity they guarantee. Leading banks including the State Bank of India, HDFC Bank, IDBI Bank, and others have boosted their fixed deposit interest rates for a short time to entice investors over the festive season. Equitas Small Finance Bank also offers 7.50 per cent …

Bank FD: PNB vs HDFC Bank vs SBI; Check Detailed Comparison of Latest Interest Rates
2 years, 6 months ago

Bank FD: PNB vs HDFC Bank vs SBI; Check Detailed Comparison of Latest Interest Rates

News 18  

Interest rates in the country are on the rise as the RBI’s Monetary Policy Committee has hiked the key repo rate thrice in its last three policy review meetings. Here’s the comparison of the current fixed deposit interest rates offered by three lenders State Bank of India, Punjab National Bank and HDFC Bank on deposits below Rs 2 crore: SBI’s …

Bank FD: SBI Vs HDFC Bank Vs PNB; Check Detailed Comparison of Latest Interest Rates
2 years, 7 months ago

Bank FD: SBI Vs HDFC Bank Vs PNB; Check Detailed Comparison of Latest Interest Rates

News 18  

Bank FD: At a time when central banks around the world, including India, are following tight monetary policy to control Inflation, commercial banks are also raising their interest rates on loans and deposits. Here’s the comparison of the current fixed deposit interest rates offered by three lenders State Bank of India, HDFC Bank and Punjab National Bank on deposits below …

HDFC Bank Q1 results: Net profit jumps 19% to ₹9,196 crore; NII rises 14.5%
2 years, 8 months ago

HDFC Bank Q1 results: Net profit jumps 19% to ₹9,196 crore; NII rises 14.5%

Live Mint  

HDFC Bank Q1 FY23 Results: HDFC Bank, the country's largest private lender, on Saturday reported a 19% year-on-year rise in its net profit for the April-June quarter at ₹9,196 crore after providing ₹2,984.1 crore for taxation. HDFC Bank had posted a net profit of ₹7,729.64 crore in the year-ago period. Net interest income for the June quarter grew by 14.5% …

Axis Bank Fixed Deposit, Savings Account Interest Rates Hiked: Check Latest Rates Here
2 years, 9 months ago

Axis Bank Fixed Deposit, Savings Account Interest Rates Hiked: Check Latest Rates Here

News 18  

Axis Bank Interest Rate Hike: Leading private sector lender Axis Bank has good news for its customers. Axis Bank FD Interest Rates The Axis Bank FD rate hike comes at a time when leading banks are increasing their fixed deposit interest rates. Here are the revised interest rates on fixed deposits below Rs 2 crore at the Axis Bank from …

Bank FD: PNB vs ICICI Bank vs SBI; Check Detailed Comparison of Latest Interest Rates
2 years, 9 months ago

Bank FD: PNB vs ICICI Bank vs SBI; Check Detailed Comparison of Latest Interest Rates

News 18  

As the RBI’s Monetary Policy Committee has raised the repo rate by 90 basis points in two hikes within a month and is expected to do so in order to control inflation in the country, commercial banks are also raising their deposit and lending rates. Several banks, including Kotak Mahindra Bank, Punjab National Bank, and ICICI Bank, have increased their …

Bank FD: PNB vs ICICI Bank vs HDFC Bank; Check Detailed Comparison of Latest Interest Rates
2 years, 9 months ago

Bank FD: PNB vs ICICI Bank vs HDFC Bank; Check Detailed Comparison of Latest Interest Rates

News 18  

As the Reserve Bank of India is entering a tight monetary policy regime to control high inflation and raising its key policy rates, banks are also following the suit. Several lenders, including HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Punjab National Bank, have recently increased their interest rates for both deposits as well as loans. Here’s the comparison of …

Bank FD: HDFC Bank vs ICICI Bank vs SBI; Check Detailed Comparison of Latest Interest Rates
2 years, 9 months ago

Bank FD: HDFC Bank vs ICICI Bank vs SBI; Check Detailed Comparison of Latest Interest Rates

News 18  

Banks have raised their interest rates in the past few months as part of efforts to control inflation and make up for the higher cost of funds. Recently, several banks including HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Bank of Baroda, among others, raised their interest rates on fixed deposits. Here’s the comparison of the current FD rates offered …

FD interest rates in SBI, PNB, HDFC, Axis Bank
2 years, 11 months ago

FD interest rates in SBI, PNB, HDFC, Axis Bank

India Today  

Axis bank has issued revised interest rates for fixed deposits. An interest rate of 4.4 per cent is applicable for 6 months, 1 day to 9 months and 9 months, 1 day to less than a year and for one year. An interest rate of 5.10 per cent is applicable for one year, one day to two years, two years, …

ATM Withdrawal to Minimum Balance, All You Need to Know About Bank Service Charges
3 years, 9 months ago

ATM Withdrawal to Minimum Balance, All You Need to Know About Bank Service Charges

News 18  

Having a bank account has become a necessity in today’s world. The Axis Bank levy charges if a customer breached the limit of four free transactions or cash withdrawals of up to Rs 2 lakh in a month, whichever is earlier.Since May 1, Axis Bank users now have to pay 2.5 per cent of the amount withdrawn from the savings …

IDFC First Bank cuts rate on savings account: Options for retail depositors
3 years, 10 months ago

IDFC First Bank cuts rate on savings account: Options for retail depositors

Live Mint  

IDFC First Bank was the only bank that used to offer 6% interest rates to small depositors -– those maintaining a balance of below ₹1 lakh. Large private sector banks, like ICICI Bank, offer a 3-3.5% interest rate. Some mid-sized private banks and small finance banks offer better rates of savings account. FOR BALANCES UP TO RS 1 LAKH Fincare …

SBI collects Rs 300 crore from zero balance accounts for certain services in 5-year: Study
3 years, 11 months ago

SBI collects Rs 300 crore from zero balance accounts for certain services in 5-year: Study

India TV News  

Several banks, including State Bank of India, have been imposing excessive charges on certain services provided to poor persons having zero-balance or Basic Savings Bank Deposit Accounts, a study by the IIT-Bombay has revealed. The study observed that the SBI's decision to levy a charge of Rs 17.70 for every debit transaction beyond four by the BSBDA account holders cannot …

RBI Doubles Payments Bank Balance Limit To Rs 2 Lakh. Know What It Means For Customers
3 years, 11 months ago

RBI Doubles Payments Bank Balance Limit To Rs 2 Lakh. Know What It Means For Customers

ABP News  

In major push to payments banks, the Reserve Bank of India went ahead and raised the maximum balance at the end of the day to Rs 2 lakh per customer soon after the governor Shaktikanta Das announced the decision to enhance the limit. The decision to increase the limit of maximum balance at the end of the day from Rs …

Parliament proceedings | Banks wrote off ₹1.15 lakh cr. in nine months of FY21: Anurag Thakur
4 years ago

Parliament proceedings | Banks wrote off ₹1.15 lakh cr. in nine months of FY21: Anurag Thakur

The Hindu  

Banks have written off bad loans to the tune of ₹1.15 lakh crore in the first three-quarters of the current fiscal, the Lok Sabha was informed on March 8. As per RBI guidelines and policy approved by bank boards, non-performing loans, including those in respect of which full provisioning has been made on completion of four years, are removed from …

Bank fixed deposit (FD) rates of 8.25%, 8.60% (senior citizens). Latest rates here
4 years, 6 months ago

Bank fixed deposit (FD) rates of 8.25%, 8.60% (senior citizens). Latest rates here

Live Mint  

There are many banks that offer interest rates ranging from 7.5% to 8.5% on fixed deposits. Jana Small Finance Bank latest FD interest rates Jana Small Finance Bank gives 3.5% to 7.50% interest on FDs ranging from 7 days to 10 years. Jana Small Finance Bank latest FD interest rates are with effect from 11 August 7-14 days 3.50% 15-60 …

Latest bank FD rates: SBI vs ICICI Bank vs HDFC Bank vs Bank of India
4 years, 7 months ago

Latest bank FD rates: SBI vs ICICI Bank vs HDFC Bank vs Bank of India

Live Mint  

Private sector lender ICICI Bank has revised fixed deposit rates with effect from 7 August. Starting from interest rate of 2.5% on FD deposits between 7 days to 14 days, ICICI Bank is currently offering 5% on deposits between 1 year to 389 days. ICICI Bank latest FD interest rates for general public 7 days to 14 days - 2.50% …

Bank accounts opened under Jan Dhan Yojana crosses 40-crore mark
4 years, 7 months ago

Bank accounts opened under Jan Dhan Yojana crosses 40-crore mark

The Hindu  

More than 40 crore bank accounts have been opened under the government’s flagship financial inclusion drive Pradhan Mantri Jan Dhan Yojana, launched about six years ago by the Modi-government. As per the latest figure, there are 40.05 crore beneficiaries of this scheme and deposits in Jan Dhan bank accounts are in excess of ₹1.30 lakh crore. “Another milestone achieved under …

Bank Accounts Opened under Jan Dhan Yojana Cross 40 Crore-mark 6 Years after Scheme was Launched
4 years, 7 months ago

Bank Accounts Opened under Jan Dhan Yojana Cross 40 Crore-mark 6 Years after Scheme was Launched

News 18  

More than 40 crore bank accounts have been opened under the government's flagship financial inclusion drive Pradhan Mantri Jan Dhan Yojana, launched about six years ago by the Modi-government. As per the latest figure, there are 40.05 crore beneficiaries of this scheme and deposits in Jan Dhan bank accounts are in excess of Rs 1.30 lakh crore. "Another milestone achieved …

ICICI Bank revises fixed deposit (FD) rates. How they compare with SBI, PNB, Bank of Baroda, HDFC Bank
4 years, 8 months ago

ICICI Bank revises fixed deposit (FD) rates. How they compare with SBI, PNB, Bank of Baroda, HDFC Bank

Live Mint  

Private sector lender ICICI Bank has revised fixed deposit rates with effect from 14 July. ICICI Bank latest FD interest rates for general public 7 days to 14 days - 2.50% 15 days to 29 days - 2.50% 30 days to 45 days - 3% 46 days to 60 days - 3% 61 days to 90 days- 3% 91 days …

Lockdown impact: Public sector banks need ₹45,000-82,500 crore capital in FY21
4 years, 9 months ago

Lockdown impact: Public sector banks need ₹45,000-82,500 crore capital in FY21

Live Mint  

MUMBAI: India’s public sector banks will require ₹45,000-82,500 crore of capital in FY21 as the covid-19 pandemic is expected to increase asset quality pressures, said rating agency Icra. According to a report by Icra on Thursday, with earlier expectations of improved asset quality and profitability, the capital requirements for public sector banks was estimated at ₹10,000-20,000 crore for FY21 and …

Bank savings accounts: No minimum balance charges for three months
4 years, 11 months ago

Bank savings accounts: No minimum balance charges for three months

Live Mint  

Addressing a press conference today, Finance Minister Nirmala Sitharaman announced that charges for not maintaining 'Average Monthly Balance' in accounts will be waived for three months. Country's largest lender State Bank of India on 11 March waived maintenance of minimum balance requirements for all savings bank accounts. As per the decision announced by Finance Minister Nirmala Sitharaman, debit card holders, …

SBI waives minimum balance charges on all savings bank accounts
5 years ago

SBI waives minimum balance charges on all savings bank accounts

Live Mint  

India's largest bank SBI today announced that it will waive charges for non-maintenance of average monthly balance for all 44.51 crore savings bank accounts. Currently SBI savings bank customers need to maintain average monthly balance of ₹3000, ₹2000 and ₹1000 in metro, semi urban and rural areas respectively. India's biggest bank has also rationalised interest rate on savings bank account …

Sharp decline in PSB fraud amount, Centre tells Lok Sabha
5 years ago

Sharp decline in PSB fraud amount, Centre tells Lok Sabha

The Hindu  

Comprehensive steps taken to curb fraud in public sector banks have resulted in a sharp decline in the amount involved, from ₹50,329 crore in 2013-14 to just ₹3,781 crore in the first three quarters of 2019-20, according to the Finance Ministry. An online searchable database of frauds reported by banks, in the form of Central Fraud Registry, has been set …

Bank fixed deposit (FD) rates: What SBI, HDFC, ICICI, Ujjivan Small Finance offer
5 years, 2 months ago

Bank fixed deposit (FD) rates: What SBI, HDFC, ICICI, Ujjivan Small Finance offer

Live Mint  

Fixed deposit is one of the most preferred investment option. ICICI Bank latest FD interest rates ICICI Bank provides a number of FD options to park your savings.For FDs with a maturity of 7-14days, ICICI Bank is offering 4.00%, 15-29 days 4.25%, 30-45 days 4.75%, 46-184 days 5.25% and 290 days to less than 1 year 6.00%. On FDs maturing …

SBI gets a ₹11,932 crore bad loans jolt from RBI
5 years, 3 months ago

SBI gets a ₹11,932 crore bad loans jolt from RBI

Live Mint  

Mumbai: India’s largest lender, State Bank of India, underreported bad loans and their provisioning by ₹11,932 crore and ₹12,036 crore, respectively, in 2018-19, the Reserve Bank of India has found, the highest such figures reported by any bank so far for the last fiscal. In a stock exchange filing on Tuesday disclosing the central bank’s risk assessment report, SBI said …

Discover Related