New-generation private sector banks such as ICICI, HDFC, Axis, Kotak etcetera owe their existence to the recommendations of the first Narasimham Committee.
The discount should be equal to interest rates on savings bank account deposit of State Bank of India.
the three investors that have submitted their final bids are not commercial banks. Among the three, one is a non-banking financial company. Another distinctive feature of the revival is that PMC may lose its cooperative bank characteristic after its reconstruction.
Central bank sees action as discriminatory, unfair
The bank's branch expansion and recruitment have been curtailed.
The recent weakness of the rupee has been due to yuan's devaluation.
For banks to cut loan rates, the cost of deposits needs to come down, and there is no sign of that happening.
We need a change in mindset, says the RBI Governor.
HDFC Bank has ensured that no bank will be able to match them in the near future without bleeding on margins.
Instructions were issued on holding loan camps in the last week of September.
Apart from 40 modules of Harvard, SBI has internally developed 500 e-modules for employees.
RBI will review the monetary policy again on September 29.
The finance ministry has put out a revised draft in public domain.
The rally followed the govt's plan to bolster state-owned lenders.
SBI's gross NPA figures have shown a decline for three consecutive quarters.
Scanty rain would have put extra pressure on food prices.
Media has gone beyond its traditional boundaries.
RBI's liquidity tightening stance had stumped the Street as a result of which bond yields had risen.
Urjit Patel panel wanted all members to be appointed by RBI
Gold prices fell to a 5-year low of less than $1,100/ounce.
