Tag: sbi

Only 0.8% of UPI transactions face 'technical declines' now: NPCI
Posted in Economy

Only 0.8% of UPI transactions face ‘technical declines’ now: NPCI

National Payments Corporation of India’s managing director and chief executive Dilip Asbe on Tuesday said that the technical decline rates on UPI platform have fallen…

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Financial services Secretary Nagaraju M sceptical about crypto, backs RBI's cautionary stance
Posted in Economy

Financial services Secretary Nagaraju M sceptical about crypto, backs RBI’s cautionary stance

Mumbai: Department of Financial Services (DFS) Secretary Nagaraju M on Monday said he is “sceptical” about cryptocurrencies like Bitcoin and stressed on the need to…

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Signage at the Reserve Bank of India (RBI) headquarters building in Mumbai, India, on Wednesday, Oct. 9, 2024. Photographer: Dhiraj Singh/Bloomberg (Bloomberg)(HT_PRINT)
Posted in Business

SBI, HDFC Bank and ICICI Bank are India’s 3 best banks, says RBI

The Reserve Bank of India (RBI) has designated State Bank of India (SBI), HDFC Bank and ICICI Bank as Domestic systemically important banks (D-SIBs), PTI…

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India FDIs: FDIs may shift to US under Trump 2.0 but it won't impact FDIs inflow to India: SBI Report
Posted in Economy

India FDIs: FDIs may shift to US under Trump 2.0 but it won’t impact FDIs inflow to India: SBI Report

India could see a shift in foreign direct investment (FDI) trends in the second term of Donald Trump (Trump 2.0) as President of the United…

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Savings account interest rates are usually fixed and credited quarterly, based on the daily balance or the sum of all deposits less withdrawals made throughout the day.
Posted in Business

Savings account interest rates: Check what SBI, HDFC, ICICI, PNB, Union Bank, and IDFC FIRST offers, maximum is 7.25%

With Kotak Mahindra Bank reducing interest rates by 50 basis points on savings accounts with lesser than ₹5 lakh, te following are the interest rates…

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SBI's base rate is 10.40%, and the Benchmark Prime Lending Rate is 15.15% as of September 15. Home loan interest rates vary between 8.50% and 9.65%, influenced by the borrower's CIBIL score.
Posted in Business

SBI cuts loan interest rate by 25 bps on this short-term tenure: Check latest lending rates

Oct 15, 2024 02:08 PM IST The State Bank of India has reduced its one MCLR tenure interest rate by 25 basis points, effective October…

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SBI Card has revised finance charges from 3.50% per month to 3.75% per month, effective from November 1, 2024.
Posted in Business

Credit card charges increased for SBI Card: Find new rates, dates, and other details

SBI Card has raised fees for some credit card transactions, including for utility bill payments and finance charges, according to an Economic Times report, which…

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RBI may do what Fed has done with rates. But you need to wait
Posted in Economy

RBI may do what Fed has done with rates. But you need to wait

Federal Reserve’s recent 50 basis point (bps) rate cut may make the Reserve Bank of India (RBI) consider a similar move. However, a rate cut…

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The report also highlighted a considerable increase in credit card transaction volumes, which surged by 39 per cent year-on-year
Posted in Business

Credit card spending in India increases 19% to ₹1.7 lakh crore in July 2024

Indian consumers demonstrated a significant increase in their credit card spending in July this year, marking a 19 per cent increase as compared to the…

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With 6.7 pc GDP growth in Q1 FY25, SBI says full-year growth should be revised downwards to 7 pc
Posted in Economy

With 6.7 pc GDP growth in Q1 FY25, SBI says full-year growth should be revised downwards to 7 pc

New Delhi: According to a recent report by the State Bank of India (SBI), the moderation in India’s GDP growth for the first quarter (Q1)…

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