Tag: state bank of india
UCO Bank gets approval to work with sanctioned refiner Nayara
Indian lender UCO Bank has received government approval to facilitate trade payments for Nayara Energy Ltd., according to people familiar with the matter, nearly two…
Inflation’s ways give room for a rate cut, but RBI may not do it
India’s inflation environment remains benign as reinforced by the latest Consumer Price Index (CPI) print, providing space for potential monetary easing. However, most economists, including…
Economists lower India inflation forecasts despite August uptick; GST reforms supportive
India’s retail inflation edged up modestly in August, but economists and industry leaders believe the rise is temporary and unlikely to upset the country’s broader…
India aims for two PSBs on world top 20 list by 2047
NEW DELHI: India will aim to have at least two public sector banks (PSBs) among the world’s top 20 by 2047, aligned with the Viksit…
FinMin for creation of two globally competitive banks as part of Viksit Bharat vision
India aims to establish two globally competitive banks, with assets that would rank them among the top 20 lenders in the world as part of…
Anil Ambani claims ‘no role whatsoever’ in RCom after Bank of Baroda declares him a ‘fraud’
Anil Ambani has claimed that he is being “selectively targeted” by banks, after Bank of Baroda declared him and the loan accounts of the insolvent…
GST reforms will cause Rs 3,700 crore revenue loss to govt: SBI report
The State Bank of India (SBI) in its latest research report said that reforms in GST through reduction in rates will cause a minimal revenue…
Good news for SBI borrowers: Bank reduces these lending rates by 25 basis points after repo rate cut by RBI
Following RBI’s recent 25-basis-point repo rate cut, the State Bank of India, the country’s largest public sector bank, has also slashed its lending rates by…