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The police arrested chief executive and an executive director of state-run Bank of Maharashtra on Wednesday, accusing them of misusing their authority in making loans to a property developer.

Bank of Maharashtra cuts MCLR by 0.10 per cent

Base rate has been kept unchanged at 9.50 per cent per annum.

10 Oct 2019 1:35 PM IST

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

SBI lowers rates on non-repo-linked loans by 10 bps

The rate reduction is not applicable to the repo-linked loans.

9 Oct 2019 10:46 AM IST

The SBI has announced the launch of its UK subsidiary, SBI (UK) Limited, with an initial capital commitment of 225 million pounds from its parent entity.

SBI steeply slashes deposit rates; lowers lending rates marginally

This is the seventh consecutive cut in lending rates by the bank this fiscal.

8 Nov 2019 11:45 AM IST

In India, banks will face the maximum pressure on income from card transactions and fees, with free payments putting 8.4 per cent of the payments revenue at risk.

Banks cut MCLR rates after RBI nudges on transmission

Bank of Baroda's one-year MCLR will be 8.25 per cent, 5 basis points (bps) below the exsisting level, effective December...

11 Dec 2019 1:41 AM IST

HDFC Bank is Indias second largest private sector bank. (Photo: YouTube)

NTPC inks Rs 2,500 crore loan pact with HDFC Bank

The loan is extended at an interest rate linked to three-month marginal cost of funds-based lending rate (MCLR) of the...

5 Feb 2019 5:21 PM IST

The share price of SBI slumped 3.79 per cent to close at Rs 304.45 as the quarterly numbers were below what the market participants had anticipated.

In a first, SBI links pricing of loans, deposits to repo rate

The repo rate is currently at 6.25 pc after the Feb 7 review where the central bank surprisingly lowered the repo rate...

9 March 2019 12:17 PM IST

Union Bank of India Ltd reported on Thursday a 25.83 billion-rupee net loss for its fourth quarter.

Union Bank reduces lending rates by 10 bps

The bank has set the new six month MCLR at 8.50 per cent and two year at 8.70 per cent.

2 March 2019 12:29 PM IST

The share price of SBI slumped 3.79 per cent to close at Rs 304.45 as the quarterly numbers were below what the market participants had anticipated.

Following smaller peers, SBI cuts loan rates by marginal 5 bps

The new one-year marginal cost of funds-based lending rate is down to 8.50 per cent now from 8.55 per cent earlier.

10 April 2019 8:38 AM IST

The police arrested chief executive and an executive director of state-run Bank of Maharashtra on Wednesday, accusing them of misusing their authority in making loans to a property developer.

Bank of Maharashtra lowers lending rates by a nominal 5 basis points

RBI had cut repo rate to 6 pc from 6.25 citing need to support growth in bi-monthly monetary policy announced on...

6 April 2019 11:46 AM IST

The share price of SBI slumped 3.79 per cent to close at Rs 304.45 as the quarterly numbers were below what the market participants had anticipated.

SBI cuts loan rates by 5 bps; posts Rs 838 crore income in Q4

Surprissingly, another state-owned lender, Bank of Baroda, announced that it has hiked its MCLR by 0.05 per cent with...

11 May 2019 2:29 AM IST

Shares of Bank of Baroda was trading 0.25 per cent up at Rs 138.95 on BSE.

Bank of Baroda hikes MCLR by 0.05 pc

BoB has hiked the lending rates for overnight tenor to 8.30 per cent from the previous 8.25 per cent.

4 May 2019 3:03 PM IST

The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

IDBI Bank cuts MCLR by 5-10 bps across various tenors

The lender has reduced its one-year MCLR or the minimum lending rate to 8.95 per cent.

12 Jun 2019 3:39 PM IST