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![]() â–¶ India closes bank branch at heart of fraud, shares slide 01:47Indian investigators have closed down a branch of a state-run bank that is at the heart of a $1.77 billion fraud and questioned more of its employees as they probed the biggest scam in the country's banking history. As Kate King reports it's left investors shaken, and wiped more than a quarter off... |
SBI hikes lending rates to 8.15% from 7.95% : 5 points to knowThe State Bank of India on Thursday raised marginal cost-based lending rates (MCLR) across most maturities, effective immediately.DNA - MoneyAlso reported by •Deccan Herald •Zee News | |
State Bank of India set for UK restructuringState Bank of India (SBI) is set for a major restructuring of its business in the UK from April, India s largest state-owned bank has said.DNA - Money | |
State Bank of India to issue first electoral bonds from March 1The State Bank of India (SBI) has been authorised to issue and encash first electoral bonds from March 1 this year.Zee News - Business | State Bank of India revises deposit rates for various maturities by up to 0.75%For retail deposits, below Rs 1 crore, rates have been increased by up to 0.50 percent, State Bank of India said.Firstpost - India |
Bank of India reveals full provision made for Rotomac NPA in FY16State-owned Bank of India today said it had sanctioned some loan to Rotomac group companies as a consortium lender and that had turned into a non-performing...DNA - Money | PNB fraud should not halt corporate lending: AssochamThe alleged fraud on state-run Punjab National Bank (PNB) committed by accused diamantaire Nirav Modi should not halt the entire system of corporate lending as...IndiaTimes - BusinessAlso reported by •Firstpost |