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1-10 results from 1000 for query «deposits»

12 January, 2019 4:41 PM Syndicate Bank hopes to recover Rs 1,500 crore from NPAs

Currently, Syndicate Bank has a total business of roughly around Rs 4.80 lakh crore, Syndicate Bank hopes to recover about Rs 1,500 crore from non-performing assets (NPAs) over the next three to six months, chief executive officer and managing director of the bank Mrutyunjay Mahapatra said. The bank is adopting a combination of methods to recover bad loans 77

8 January, 2019 3:40 PM Loans, deposits by Indians in Swiss banks down 34.5% in 2017

Loans and deposits of non-bank Indians in Swiss banks decreased by 34.5 percent in 2017 as compared with the previous year, Parliament was informed. There was a significant reduction in Swiss non-bank loans and deposits of Indians by as much as 80.2 percent between 2013 and 2017, Minister of State for Finance Shiv Pratap Shukla said in a written reply 63

2 January, 2019 11:27 AM SBI's Zero Balance Savings Account: Interest Rates, Benefits Here

SBI zero balance account: The interest rates offered by SBI on BSBD accounts are the same as those on regular savings bank accounts. State Bank of India's Basic Savings Bank Deposit (BSBD) account, a zero balance savings account, doesn't require customers to maintain any particular minimum average balance. BSBD account is primarily meant for poorer sections 70

2 January, 2019 11:13 AM Direct tax-GDP ratio of 5.98% during FY18 best in 10 years: FinMin

New Delhi: The direct tax-to-GDP ratio of 5.98 percent achieved during 2017-18 fiscal is the best in the last 10 years, the finance ministry said Wednesday. The ministry said the larger purpose of demonetisation was to move India from a tax non-compliant society to a compliant society and the impact of note ban has been felt on collection of personal 54

2 January, 2019 10:35 AM PNB Housing Finance raises $265 mn from foreign markets

PNB Housing Finance said on Wednesday it has raised USD 265 million (Rs 1,853 crore) through external commercial borrowing (ECB) route last week. The company raised the funds on December 28, 2018 and these will be utilised for normal on-lending operations, the bank said in a release. The housing finance company further said that it raised a total USD 465 million 52

17 December, 2018 4:15 PM Infibeam partners Suvidhaa Infoserve

BSE-listed Infibeam Avenues on Monday said it has forged an alliance with Suvidhaa Infoserve for last-mile delivery of financial products and services. Both companies are planning to develop an omni-channel marketplace, whereby Infibeam.com will be connected to Suvidhaa's vast network of 91,000 outlets under 4,500 pin codes, a statement said. Suvidhaa 79

17 December, 2018 11:22 AM These Banks Offer Up To 9.5% Returns On Deposits Below 1 Crore Rupees

Rate of return on fixed deposits of small finance banks is better than the FDs offered by traditional commercial banks. Small finance banks (SFBs) aim to spread financial inclusion by provision of savings vehicles and supply of credit to small business units, small and marginal farmers; micro and small industries; and other unorganised sector entities 75

15 December, 2018 1:00 PM SBI Offers These Types Of Zero Balance Savings Accounts

SBI's zero balance savings account does not require customers to maintain any particular minimum average balance. State Bank of India (SBI) offers the option of opening a zero balance savings account in order to encourage people to make investments. Zero balance accounts are saving accounts where average monthly balance (AMB) rule is not applicable 114

14 December, 2018 11:37 AM Understanding the Kotak-RBI battle – Letter, spirit, rules and a court petition

We examine the complications and implications – essentially the answer to the question: What is this Kotak’s Natak? Kotak Bank which was built by Uday Kotak was asked by RBI to pare down its promoter stake way back in 2012. THis is normal, as part of RBI norms, to “broadbase� the shareholding and to restrict individuals from holding large stakes 126

13 December, 2018 9:59 AM Jana Small Finance Bank Raises Interest Rates On Term Deposits

Jana Small Finance Bank, a small finance bank, on Thursday announced an increase in its interest rates on term deposits (fixed deposits and recurring deposits). The new interest rates will come into effect from Friday, Jana Small Finance Bank said in a statement. After the revision, Jana Small Finance Bank customers holding FD and RD accounts with the bank will earn interest 67