Bank of Baroda reduces home loan rates
Bank of Baroda has announced a further reduction in its home loan interest rates, lowering it to 7.45 per cent p.a., with immediate effect and also offering nil processing fee.
Bank of Baroda has announced a further reduction in its home loan interest rates, lowering it to 7.45 per cent p.a., with immediate effect and also offering nil processing fee.
LIC of India introduces LIC’s Nav Jeevan Shree (Plan 912) & LIC’s Nav Jeevan Shree Single Premium (Plan 911). Sat Pal Bhanoo, CEO & MD (in-charge), Life Insurance Corporation of India launched new plans, LIC’s Nav Jeevan Shree (UIN: 512N387V01) and LIC’s Nav Jeevan Shree Single Premium (UIN: 512N390V01) on Friday.
The PNB has announced a dividend of Rs 2.90 per equity share for the financial year 2024-2025.
While the Indian financial sector shows resilience, international market conditions may have some influence on India. Any correction in the US stock market could have implications for global markets, it warned.
ICICI Bank reported a 14.8% year–on–year (Y-o-Y) increase in net profit to Rs 11,792 crore in the quarter-ended December (Q3FY25), due to steady growth in net interest income (NII) and a robust increase in non-interest income, according to an official release.
The IRDP alone accounted for 40 per cent of the losses incurred by commercial banks in rural lending in India. By the end of the 1980s, great concern began to be expressed about public sector banks' low capital base, low profitability, and the high percentage of non-performing assets, whose earnings were invariably lower than their loan losses and transaction costs. They required continual refinancing and recapitalization by apex institutions. The final nail in the coffin was the official loan waiver of 1989, which destroyed whatever semblance of credit discipline remained
Delhi Police have busted a gang and arrested five people for allegedly duping banks of over Rs 50 lakh by using details of celebrities.
In a report on the Indian banking sector, S&P Global Market Intelligence said five of the six biggest banks by assets in India reported an increase in net income for the fiscal second quarter ended September 30, 2022.
The growth of bank deposits across the market have slowed down to 10 per cent year-on-year (YoY) as per the Reserve Bank of India's (RBI) data, said Kotak Securities Ltd in a report.
The Commission has taken suo-moto cognizance on media reports of framing of new guidelines by the Indian Bank for recruitment of staff. As per the media reports, a recent circular issued by the bank prevents women who are more than three-month pregnant from joining service, despite having been selected through due process.
