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.
Insurer likely to support Ratan Tata; reduction in stake might have been profit booking.
'Over the next two to three years, hiring will come down further.' 'You will see the industry intake of freshers go down to 150,000 from the current 200,000.'
Threats from IS militants, the Syrian conflict and the migrant crisis in Europe are some of the recent risks that have companies worried, says M Saraswathy.
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
This form of device-based insurance uses GPS to measure how much a car runs and the speed that it is run at.
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.
General, life insurers with 8 & 10 yrs in biz, respectively, may have to list
Amitabh Chaudhry, who will now head the merged entity, will manage assets under management of about Rs 1.10 lakh crore and an employee base of 23,620 after the completion of the deal
Section 45, which says no claim can be rejected after three years of a policy being in force, remains a bone of contention
'I want to leave behind the bank stronger and better than when I took over.'
With future prospects being difficult to predict, hiring for a short period is proving to be cost-effective
Interview with former Reserve Bank of India governor by Duvvuri Subbarao.
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