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SBI, PNB, BoB may go for share sale this fiscal

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As many as five large banks, including SBI, PNB and BoB, are likely to sell shares to institutional investors in the second half of...

SBI profit jumps 41pc to Rs 6,797cr in Q3 on lower...

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The country's largest lender SBI on Friday reported a 41 per cent jump in net profit to Rs 6,797.25 crore in the October-December quarter this fiscal compared to Rs 4,823.29 crore in the year-ago period.

SBI reduced the interest rate on home loan by 0.25%, the...

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State Bank of India (SBI) on Monday has cut the external benchmark based rate (EBR) on home loans by 25 basis points i.e. 0.25% to 7.80%. With this, home loan rates were also reduced to 7.90%. Earlier SBI had the lowest home loan rate of 8.15%. These new rates will be applicable from January 1, 2020 and after that taking home loan will attract interest of 7.90%.

Will Government come to rescue of Vodafone Idea to pay an...

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After the Supreme Court judgement which widened the definition of Adjusted Gross Revenue, Vodafone Idea has to pay an approximate amount of Rs 40,000 crores to the government. This amount includes spectrum usage charges, past license fees and interest and penalties on the due amount. This amount came as an extra burden to the telecom company which was already under a debt of Rs 1.02 crore by September end this year.  The top managers of Vodafone Idea have informed their lenders that if the government does not provide them an urgent relief on the amount of debt, they will not be able to make a timely repayment to the lenders. Apart from expecting support from the government, Vodafone Idea Managing director has said that, the telecom company is looking forward to sell their data centers and optic fiber network for raising funds.

No NEFT Charge for Saving Account Holders from January 2020: RBI

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In an attempt to promote and increase the number of digital payments, RBI this month directed the Banks to no more charge any extra amount from the saving account holders who are doing National Electronic Funds Transfer (NEFT) for payments. Earlier, RBI has also removed the processing charge that was imposed on its customers for doing NEFT.
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