SBI slow in procurement from GeM portal; lags behind smaller counterparts India’s largest lender SBI was quite slow in procuring goods and services from government-owned GeM portal in 2022-23 and lagged behind smaller counterparts, including Canara Bank and Punjab National Bank, according to the government data. Canara Bank emerged as the largest buyer among the state-owned lenders in ...

Public sector banks’ total profit crosses Rs 1 trn-mark in 2022-23 Public sector banks’ cumulative profit crossed the Rs 1 lakh crore-mark in the financial year ended March 2023, with market leader State Bank of India (SBI) accounting for nearly half of the total earnings. From posting a total net loss of Rs 85,390 crore in 2017-18, the ...

What to do if a bank refuses to exchange or accept your Rs 2,000 note? The Reserve Bank of India (RBI) on Friday announced that it has withdrawn Rs 2,000 notes from circulation, and asked bank customers to deposit the notes or exchange them at any bank branch before September 30, 2023. The RBI in its press release has ...

State Bank of India sets Rs 2,000 currency note exchange cap at Rs 20,000 What’s capping rally in SBI shares despite record net profit in Q4FY23? NIM expansion, loan growth: Top 5 things to track in SBI’s Q4FY23 results What to do if a bank refuses to exchange or accept your Rs 2,000 note? SBI Q3 profit may rise nearly ...

Here’s what RBI’s decision to scrap the Rs 2,000 note mean for the economy India will withdraw its highest denomination currency note from circulation, the central bank said on Friday. The 2000-rupee note, introduced into circulation in 2016, will remain legal tender but citizens have been asked to deposit or exchange these notes by Sept. 30, 2023. The ...

Here’s why RBI has withdrawn Rs 2,000 notes and what you should do next The Reserve Bank of India on Friday announced the withdrawal of the Rs 2,000 currency note, while adding it will continue to be legal tender. The RBI has asked citizens to deposit Rs 2,000 notes in their accounts or get them exchanged at banks from ...

Rs 2,000 notes withdrawn, firms on wait-&-watch mode & more Top Headlines: Govt asks P&W to supply engines, stricter Sebi norms & more Top 5 headlines: MSCI drops 2 Adani firms, Twitter to get new CEO and more Top Headlines: Adani to consider stock sale, shell firms under tax scanner Top 5 headlines: Windfall tax slashed on petroleum crude, IBM ...

JCB partners with NPCI to offer 40% cashback for RuPay JCB cardholders Top card cos to go live with UPI-linked RuPay credit card feature by June Cabinet clears Rs 2,600 cr to promote RuPay debit card, BHIM transactions HDFC Bank goes live on ‘Rupay Credit on UPI’ feature for customers Your credit card payments overseas will attract a 20% TCS ...

RBI repo rate cuts: Expect RBI to start rate cuts by end of FY24: HDFC Bank chief economist The end of the repo rate hike cycle has been reached and the Reserve Bank of India (RBI) may start slashing the key interest rate in the last quarter of the current financial year (Q4FY24), Abheek Barua, chief economist at HDFC Bank ...

A snapshot of car loan interest rates offered by various firms with details SBI personal banking loan book up Rs-5 trn mark, helped by digital push How have the home loan EMIs changed since RBI’s repo rate hike in May 2022? Fixed or floating rate? Choose floating-rate car loan if you plan to prepay Convenient and economical: Why car leasing ...