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Union Bank Dena Bank cut their MCLR rates

Union Bank, Dena Bank cut MCLR rates , Check new MCLR rates

State run lenders Union Bank of India and Dena Bank bring down their MCLR rates across various tenors by 20 and 15 basis points...
canara bank cut interest rate on saving deposits

Canara bank cut saving bank deposit interest rate by 50 basis points

Canara Bank, one of the largest public sector banks is next to cut interest rate on saving bank deposits. Like other banks, Canara Bank...
Mutual Funds tapping on retail savings with interest rate cut

MFs tapping retail savings on slashed saving bank deposit rates : ICRA

Slashed interest rates on deposits held in saving bank accounts by many public sector banks are creating an opportunity for mutual funds houses to...
Jobs in Public Sector Banks impacted by consolidation plans

Bank merger to hit hiring in public sector banks, 50 percent fall in fresh...

As Government has given in principle approval to merger of banks so hiring in public sector banks will be affected badly. Union cabinet has...
RBI Annual Report on banned Currency Notes

Post demonetisation, 99 percent banned currency notes back in system : RBI Report

Reserve Bank of India (RBI) published its annual report which hints about figures on demonetized currency notes of denomination ₹500 and ₹ 1,000 that...
Arundhati Bhattacharya

Ensure bank mergers benefit customers, shareholders: Arundhati Bhattacharya

State Bank of India chairman Arundhati Bhattacharya, who created history this year by six bank mergers at one stroke, on Tuesday said the economy...

Cabinet approves framework for PSU Banks merger | PNB, BOI, SBI shares rise

Union Cabinet has approved the framework for Public Sector Banks merger. There are a total of 21 public sector banks. The Banks merger will be...
SBI realised 235 crore in monthly minimum average balance fine in June

SBI collect ₹ 235cr in minimum average balance fine in June quarter: RTI

State Bank of India (SBI) has realised Rs 235.06 crore as penalty from 388.74 lakh accounts for not maintaining monthly minimum average balance in...