Further, trade concerns emerged with Trump saying that he will not accept a bad deal in trade talks with China as the world's two largest economies meet in early October to end the long-drawn trade war.
SBI had introduced floating rate home loans effective July 1. A few modifications have been made in the scheme effective October 1 to comply with the latest regulatory guidelines, it added.
The other prominent winners were IndusInd Bank, Bajaj Finance, State Bank of India, UltraTech Cement and Titan. All of them saw gains ranging between 8.7 to 10.7 per cent each.
The number of customers using internet banking facility is more than 66 million and mobile banking services stand at 14.8 million. Downloads for YONO -- an integrated digital and lifestyle platform by SBI -- are over 23 million with more than 16 million logins per day.
SBI has waived processing fees on car loans during the festival season. The bank is offering lowest interest rate starting from 8.7 per cent to customers opting for a car loan with no escalation in interest.
Mumbai: Government-owned State Bank of India (SBI) has slashed deposit rates on various tenors due to surplus liquidity and falling...
Please note, only the candidates who have passed the preliminary exam will be eligible to give the SBI Clerk Main 2019 exam, which is scheduled to be on 10 August, 2019.
The penalty has been imposed in exercise of powers vested in RBI under the provisions of section 47A (1)(c) read with sections 46(4)(i) and 51(1) of the Banking Regulation Act 1949.
While the waiver of charges for NEFT, RTGS transaction for YONO, internet banking and mobile banking came to effect from July 1, IMPS charges will be waived on all these platforms from August 1.
Most banks generally link loan interest rates to the marginal cost-of-fund-base lending rate (MCLR). However, the SBI has decided to link the repo rate to loan interest.