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.
'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.
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
Lower inflation, FCNR(B) outflows likely to influence central bank decision
All shares held by SBI in the five associate banks will stand cancelled after merger.
'I want to leave behind the bank stronger and better than when I took over.'
Interview with former Reserve Bank of India governor by Duvvuri Subbarao.
This shortfall could continue to hurt loan growth in 2016-17.
Under this service, SBI will give services in person or through remote mode.
Rupee is seen to remain in the range of 67.50-68.80 in the short-term
Employee integration and branch rationalisation are major challenges.
New SDR norms allow promoters to manage debt-laden firms.
Mallya offered to pay Rs 4,000 crore (Rs 40 billion) as settlement.
Two members recommended bringing down the rate by 50 bps in the April policy.
Loans to wilful defaults are said to be a little over Rs 1 lakh crore.
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