Retail Inflation Numbers For June Understated, Actual Figures Much Higher: SBI Report

SBI’s research report says June inflation numbers are understated A research report by the State Bank of India (SBI) suggests that the retail inflation numbers for June, released by the … Read More

SBI to institute work-from-anywhere infrastructure, hopes to save Rs 1,000 crore

MUMBAI: Amid Covid-19 induced disruption, the country’s largest lender State Bank of India (SBI) will institute work-from-anywhere infrastructure and expects to save Rs 1,000 crore from this measure, chairman Rajnish … Read More

Banks need to raise capital on anticipatory basis: RBI Governor Shaktikanta Das

Mumbai: Banks need to raise capital on anticipatory basis to build up adequate capital buffers to mitigate risks arising out of coronavirus outbreak, RBI Governor Shaktikanta Das said on Saturday. … Read More

Rate cut helping deliver growth is not working in simplistic way: Rathin Roy

Mumbai: Senior economist Rathin Roy on Saturday said the assumption that rate cut helping deliver growth is not working in simplistic way as transmission is not happening. Rathin Roy, director … Read More

PNB declares its Rs 3,688 cr exposure to DHFL as fraud

MUMBAI: India’s second largest lender Punjab National Bank on Thursday declared its Rs 3688 crore exposure to bankrupt mortgage lender Dewan Housing Finance Limited (DHFL) as fraud. The state-run lender … Read More

Punjab National Bank declares its Rs 3,688 crore exposure to DHFL as fraud

MUMBAI: India’s second largest lender Punjab National Bank on Thursday declared its Rs 3688 crore exposure to bankrupt mortgage lender Dewan Housing Finance Limited (DHFL) as fraud. The state-run lender … Read More

Yes Bank To Raise Rs 15,000 Crore Via Further Public Offering, Shares Edge Up 1%

Yes Bank FPO: Yes Bank will raise up to Rs 15,000 crore through further public offering Private lender Yes Bank will raise up to Rs 15,000 crore through further public … Read More