Based on the credit history banks may later decide to extend the amount.
SBI's number of foreign offices increased from 186 in March 2013 to 190 in March 2014, in 36 countries.
In an interview with Business Standard, Arundhati Bhattacharya says she expects stalled projects coming back on track in two quarters.
Deepak Narang, executive director of United Bank of India, speaks on Vijay Mallya's 'wilful defaulter' status.
Their net NPA as a proportion of net advances were 2.2 per cent, compared with 1.7 per during the same period a year earlier.
In fact, some private sector lenders have decided to skip advertising these altogether.
The Governor, who completes one year in RBI on Wednesday, has stabilised the rupee and is getting a fix on inflation.
SBI, ICICI Bank and PNB reduce interest rate for loans above Rs 75,00,000
ICICI Bank has 317 branches in hitherto unbanked villages.
Banks cut interest rates, processing fees; offer discounts for online shoppers.
Days after the PM announced a financial inclusion package, a look at how banks and insurance firms are going about it and what lies ahead.
SBI Caps readies plan, identifies 4 assets; bankers say there are enough bidders.
IndusInd Bank, has recently launched www.themorestore.com only for its credit card and debit card holders
The finance ministry has ruled out the proposal for the appointment of a chief operating officer (COO) of the rank of deputy governor in the Reserve Bank of India (RBI), as the government feels no interim arrangements should be made for such high-profile appointments.
Move comes after the country's monetary authority tightened credit norms
Letter to corporate affairs ministry cites slowing economy, capital challenges.
Leeway on CRR and SLR was a long-standing demand from banks, which the RBI did not agree to till recently.
The Union finance ministry is planning to make rules regarding wilful defaulters more stringent, so that criminal charges can be pressed against such entities.
Private lenders have also been expanding their branch and automate teller machine networks aggressively.
Focus to be on unbanked areas; initial capital is set at Rs 100 crore; India Post can apply.
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