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.
'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.
While the government's demonetisation move is aimed at curbing under-invoicing, the worry was that retailers would de-stock in the short term, impacting sales.
Congruence on terrorism, current disquiet on immigration, short-term visa would top the wish list.
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.
Major global airlines, including Gulf carriers, are keen to invest in this space.
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
A comparison shows that for Delhi to Mumbai air travel, the lowest airfare price is in the range of Rs 2,755, while the surged price for second-AC comes at Rs 4,104, a 42 per cent increase from the current train fares
Federation of Indian Airlines has appealed to DGCA to extend notice period of flyers from 6 months to a year
Govt's decision to allow in-flight Wi-Fi doesn't take off with budget airlines, full-service carriers enthused
All shares held by SBI in the five associate banks will stand cancelled after merger.
Ankleshwar plant is the third such facility to face action
The travel period for which the discount is being offered ends on April 30 next year.
'I want to leave behind the bank stronger and better than when I took over.'
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