SBI's profits are expected to take a hit of Rs 800 crore for each of the next five years with the bank needing to make additional provision of around Rs 4,000 crore due to changes in accounting norms.
The sharp rise in home loan rates of private sector banks is forcing their customers to switch loyalties.
Corporates being compelled to pay higher rates on term loans of 3 years and above, struck at fixed rates a year ago.
Banks are considering levying a charge of Rs 50 on high-value cheques, while making local payments through real time gross settlement free.
Companies will now have to pay a charge for loans sanctioned to them but not utilised
For tapping high growth units in special economic zones, a host of Indian banks had established offshore banking units in 2003-04 in these duty free enclaves
A severe staff crunch at the branches for managing the front desk operations has compelled the State Bank of India to resume recruitments in the clerical cadre after almost a gap of 20 years.
Banks to also charge 50-100 bps more for a second home.
Banks offer to extend repayment tenures up to 25 yrs.
Nearly 4,000 clerical cadre and staff have sought early retirement from the country's largest commercial bank, State Bank of India.
Banks are considering setting up a domestic card payment settlement company, called India Pay, that would rival global payment systems Visa and MasterCard.
An interview with Zhan Xiangyang, director general of the world's third largest bank, with a market capitalisation of $183.85 billion.
A large part of the accretion to fixed deposits till March 16, 2007 was on account of a flight of funds from the low-cost CASA.
Inflation based on the wholesale-price-index remained unchanged at 6.46 per cent for the week ended March 17 when compared to the week before. In fact, inflation is now unchanged for the last three weeks.
An increase of 10% in net profit is expected as higher provisioning would negate most of the gain on account of expansion of loan portfolios.
It is Finance Minister P Chidambaram's meeting with leaders of public sector bank unions that averted the three-day bank strike proposed from March 28.
ATM deployment is set to gain scale with the Anil Ambani group's Reliance Capital and a few technology firms joining hands with partner banks to launch co-branded (known as partial white-label) ATMs.
Interest subsidy to cost Rs 200 cr for the government.
A liquidity crunch has hit several microfinance institutions with the flow of funds 'temporarily' drying up after the largest MFI lender, ICICI Bank, halted payments in early January.
Now, banks stop giving in-principle loan sanctions on central bank directive.
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