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1-year median MCLR rise moderates in August, up 40 bps since June The rise in one-year median marginal cost of fund-based lending rate (MCLR) of commercial banks moderated to 10 basis points (bps) in August from a hike of 15 bps in July. It has risen 40 bps since June. This comes on the back of the ...

‘Think of the worst’: RBI Governor Das nudges banks to raise capital Given the uncertainties surrounding the global financial environment, domestic banks should raise more capital in order to be prepared for the worst-case scenarios, Reserve Bank of India Governor Shaktikanta Das said on Friday. Das also underscored the need for banks to raise more capital to ...

Bank of Baroda raises Rs 2,474 cr by issuing bonds through stock exchanges Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have ...

Rupee closes at 79.8 versus dollar amid rise in crude oil, hawkish Fed view The rupee weakened sharply against the dollar on Friday due to a hefty increase in crude oil prices and a fall in jobless claims data in the US that has strengthened the case for the Federal Reserve to raise interest rates amid an overheating economy, dealers ...

Cashback SBI Card: Details, benefits, eligibility and how to apply State Bank of India (SBI) officially launched one of the most comprehensive credit cashback schemes on Thursday, September 1. SBI claims that this is the first-of-its-kind cashback-focused credit card in the market, which allows 5 per cent cashback without any merchant limits and is applicable to all online purchases. ...

Govt starts work to make regional banks viable; DFS to organise workshop The Centre has started working on making regional rural banks (RRBs) viable, and would undertake stakeholder consultation to discuss ways to turnaround such lenders on Saturday. The Department of Financial Services (DFS) is organising a workshop, to be chaired by Secretary Sanjay Malhotra, which will ...

RBI to run pilot for digitising Kisan Credit Card lending in MP, Tamil Nadu The Reserve Bank of India will run the pilot projects for complete digitalisation of Kisan Credit Card (KCC) lending from this month in the select districts of Madhya Pradesh and Tamil Nadu. The digitalisation aims to make KCC-based lending more efficient by reducing costs and ...

Comply with digital lending norms for existing loans by Nov 30: RBI The Reserve Bank of India (RBI) on Friday said that regulated entities engaged in credit delivery through digital lending will have time till November 30 to comply with the lending norms for existing digital loans. However, for new and existing customers availing fresh loans, these ...

RBI launches project to digitise KCC to transform rural credit delivery To transform rural credit delivery system, the Reserve Bank has decided to launch pilot projects to digitise Kisan Credit Card (KCC) in Madhya Pradesh and Tamil Nadu. Based on the learnings from the pilot, it is planned to expand the digitalisation of KCC lending to other ...

yes bank interest rate: Yes Bank increases NRE, FCNR FD interest rates: Check latest rates [ad_1] Yes Bank has increased the fixed deposit interest rates for Non-Resident External Account (NRE) and Foreign Currency Non-Resident (FCNR) deposits. According to a press release issued by the bank, it has raised the interest rates on its NRE FDs by 50 to 75 basis ...