Bank of Baroda slashes Baroda Repo Linked Lending Rate to 6.85% from 7%.
Growth in gold loans was flat in the first quarter because of low disbursements in April and May due to the country-wide lockdown.
Lenders of Dewan Housing Finance (DHFL) are not satisfied with the price offer made by the four bidders for the stressed assets of the housing finance company. They have asked the bidders to sweeten their offer by 31 October.
IMF projects India's public debt-to-GDP ratio to touch new high of almost 90%, up 17 percentage points, on account of Covid-19.
RBI concludes first ever OMO for state government bonds; Kar and Mah account for nearly half of the Rs 10,000-crore purchase.
When asked if the book will reveal the ugly face of corruption, Rajnish Kumar said it "will be a balanced account". SBI is a great institution that makes everyone feel like a family".
SBI MF will have to take its JV partner Amundi on board before it decides to go for IPO; SBI General will have to grow for better valuation before it lists, Rajnish Kumar said.
The other two bidders were US-based Oaktree and Hong Kong-based SC Lowy. The last date to submit bids for DHFL was 17 Oct.
SBI chairman Dinesh Kumar Khara is elected as deputy chairman of IBA for the term 2020-21.
RBI to conduct purchase auction of state govt bonds for Rs 10,000 cr through open market operations on 22 Oct.
Credit card spends are higher than debit cards. This is despite the number of debit cards being 16 times higher than the number of credit cards.
Politeness is what makes a bank great and values are your personal bottom-line, says Rajnish Kumar. Read here the unedited transcript of his speech.
Rising food prices push up wholesale price inflation in Sep to touch a 7-month high at 1.3%. This is led by prices of potatoes and pulses. Retail inflation is at 8-month high at 7.34% in Sep. This leaves a bleak chance for RBI to cut rates.
RBI cut GDP growth forecast for FY22 to 9.5% from earlier estimate of 10.5% due to impact of Covid, leaving markets to retreat from new peaks; key policy rates left unchanged.
