New regime on loans to one party to kick in by Apr 2019.
Branch networks will give preference to pensioners and labourers for withdrawing money.
RBI on Monday conducted an unprecedented level of liquidity infusion to the tune of Rs 3.3 lakh crore, in which banks bid for as much as Rs 4.5 lakh crore. The central bank said it would conduct a liquidity infusion auction of Rs 1 lakh crore on Tuesday as well, to help banks tide over the liquidity crisis.
SBI got Rs 1.93 lakh cr in cash deposits from November 10-25.
According to the Reserve Bank of India, the currency in circulation reduced by Rs 360,700 crore to Rs 1,426,900 crore during the week under review.
Advisory in this regard was issued by the Gujarat government three days before Prime Minister Narendra Modi announced demonetisation of Rs 500 and Rs 1000 notes.
'It is going to be as high as 50% in the coming one or two months and can be about 20% to 25% in the medium term.'
'We have collected Rs 83,702 crore in deposits in five days.'
HFCs and banks expect a drop in demand for housing loans in the short-term.
As a step to protect its interest as a lender, SBI will look at the financial stability and corporate governance practices in companies where it has exposure.
Unlike Ratan Tata's philosophy, Mistry cared about short-term gains. This is a Diwali gift for many
Ambani said, in the telecom space, the focus will be on debt reduction, and the virtual merger did away with the need for major capex and will help towards this
In 2015-16, the overall apple production in India stood at 2.8 million, bulk of which came from J&K, followed by Himachal Pradesh, Uttarakhand, Arunachal Pradesh, Nagaland, Sikkim and Tamil Nadu
Lower inflation, FCNR(B) outflows likely to influence central bank decision
The news that Welspun has run into trouble with one of its biggest US-based clients has stressed its suppliers and investors alike
If the Anandiben Patel administration was shaken by the Patidar agitation, the Vijay Rupani government would have to deal with the Jignesh Mevani-led Dalit movement.
All shares held by SBI in the five associate banks will stand cancelled after merger.
Sources indicated that Tata Salt has set aside about 8-10% of their marketing budget for the Olympics this year.
Savji Dholakia, the diamond magnate who sent away his son to gain a 'hands-on' life experience, likes to do things the hard way.
'I want to leave behind the bank stronger and better than when I took over.'
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