March 29th, 2018The largest public lending organisation in the country ,State Bank of India (SBI) has brought in a bundle of good news for investors as it has hiked interest rates on fixed deposits with different maturity tenures starting from 2 to 10 years.
The new interest rate bracket for SBI fixed deposits ranges between 6.6 and 6.75 percent.For...
March 27th, 2018India's Bandhan Bank surging 33 percent against the issue price of Rs 375 on the first day of its debut. At the end of the day, the stock listed at Rs 477 on BSE and 476 on NSE.
The stock has a sharp gain of 29.33 and 33 percent from the issue price on BSE & NSE.
The Kolkata based company has a market valuation of Rs 56,914.69...
February 14th, 2018Multi-national financial institution, Punjab National Bank on Wednesday quoted that it had detected some unauthorised and fraudulent transactions worth $1.77 billion(11400 crore) in one of its branches in Mumbai.
Because of the incident, the bank's share price slipped to 9.7 percent within a day. India's second biggest state lender...
January 21st, 2018India's leading banks suspended some accounts of major Bitcoin exchanges in India. According to the sources, the reason of this move is suspicious transactions from exchanges side.
Banks who suspend bitcoin transaction accounts are State Bank of India, Axis Bank, ICICI Bank, HDFC Bank and Yes Bank. The accounts of...
June 26th, 2017British lender Royal Bank of Scotland said today that it is cutting 443 UK jobs dealing with business loans, and plans to shift many of the roles to India.
The UKs largest government-owned bank said it was moving the jobs, which help handle loans for small businesses, as part of an ongoing cost-cutting drive.
"As we become a...
