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The case was first detected by the Delhi police after it intercepted three persons with about Rs 3.7 crore cash in old notes in front of the Axis Bank branch in November last year.

Axis Bank cuts interest rate on savings bank account

SBI had also slashed interest rate on savings account deposits by 50 basis points to 3.5 per cent on balance of Rs 1...

8 Aug 2017 5:02 PM IST

Bank of Maharashtras former Pune zonal head violated norms while sanctioning loans to the company.

Bank of Maharashtra cuts MCLR rates by 0.05-0.15 per cent from monday

Base rate remains unchanged at 9.70 per cent per annum, Bank of Maharashtra said in a regulatory filing.

7 Aug 2017 8:02 PM IST

There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

Pressure mounts on RBI to cut policy rate: Experts

MPC in its previous review in June had retained the repo rate at 6.25 per cent

16 July 2017 12:21 PM IST

SBI Cards is also in the process of speeding up customer acquisition process by reducing the delivery period so that more and more people are added to the network.

SBI cuts affordable home loan rates by 0.25 per cent

Under the new government scheme, loans under Rs 30 lakh qualify for affordable housing.

8 May 2017 3:30 PM IST

Shares of Indian Bank were trading 9.59 per cent up at Rs 312.50 on BSE.

Indian Bank to cut base rate by 0.20 pc from May 7

Bank has reduced the base rate from 9.65 per cent to 9.45 per cent.

5 May 2017 10:36 AM IST

Reserve Bank of India

RBI to hold key rate next month; cut 25 bps in August

A rate cut would help attract foreign portfolio investors (FPI) in equity flows by supporting growth.

3 May 2017 2:48 PM IST

For one, three and six months as well as one, three and five years, the new MCLRs have been revised down by 0.10 per cent each.

PNB revises down MCLR by 0.10-0.15 pc from today

The new MCLR for one-year tenure is 8.35 per cent and for three years, 8.50 per cent.

1 May 2017 4:24 PM IST

The two unlisted associate banks which will be merged with SBI are State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH).

SBI reduces term deposit rates by up to 50 bps

SBI will offer a rate of 6.25 per cent as compared to 6.75 per cent earlier

1 May 2017 12:27 PM IST

The new rates would be effective from November 23.

PNB cuts interest rate on fixed deposits by up to 0.25 pc

The lowering in fixed deposit rates may herald reduction in lending rate as well in the next few days.

20 Nov 2016 10:30 AM IST

he top leadership of the MCs said that property tax defaulters owe around Rs 2,700, including property tax dues with interest.

Waiver scheme for property tax defaulters

Sources said that the interest and penalty in all three MCs amounts to several hundred crore of rupees.

18 Nov 2016 2:00 AM IST

The lowering in fixed deposit rates may herald reduction in lending rate as well in the next few days.

HDFC, ICICI bank cut fixed deposit rates by up to 0.25 per cent

ICICI Bank will pay 7.10 per cent as against 7.25 per cent earlier.

17 Nov 2016 5:00 PM IST

ICICI Bank spokesperson said it has installed state-of-the-art note sorting machines that check the quality of millions of notes every day.

ICICI Bank cuts home loan rate by 0.3 per cent

Salaried women borrowers will get home loans at 8.35 per cent and others at 8.40 per cent.

15 May 2017 4:07 PM IST