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Home » Tag Archives: SBI

Tag Archives: SBI

Bail-in: Here’s why SBI report says small depositors have nothing to worry about

The FRDI Bill establishes a Resolution Corporation which will monitor the financial firms such as banks, insurance companies, stock exchanges, and depositories and pre-empt their failure, and resolve or liquidate them in case of failure. There has been considerable disquiet over the draft Financial Resolution and Deposit Insurance (FRDI) Bill. Industry chamber Assocham has also jumped into the ‘bail-in’ debate ... Read More »

State Bank of India cuts home loans to lowest in 6 yrs

MUMBAI: State Bank of India (SBI) has cut home loan rates to a 9.1% -the lowest in six years -as part of a festive scheme. The rate cut comes on the back of a general interest rate reduction last week when SBI reduced its benchmark rates by 15 basis points (bps, 100bps = 1percentage point). In terms of the festival ... Read More »

Debit card data theft: Who broke into your bank account?

The data breach that has led to an estimated 3.2 million debit cards getting compromised is only a small manifestation of a larger malaise called cyber crime. The breach occurred due to an introduction of malware in the network of a third-party payment processor. Living in a digital world, we need to be aware of different types of cyber frauds ... Read More »

SBI blocks 6.25 lakh debit cards after ‘suspicious’ transactions spike

The State Bank of India, the country’s largest bank, and its subsidiary banks blocked about 6.25 lakh debit cards of their customers after “suspicious” transactions spiked at third-party ATM machines. Card holders were caught unawares as their cards were blocked without prior notice. The bank subsequently sent emails and SMSes to customers, alerting them to the blockage, and asked them ... Read More »

Vijay Mallya says ‘genuine’ biz failure turned nightmare for Kingfisher Airlines, blames govt policies

Beleaguered liquor baron Mallya on Thursday said Kingfisher Airlines has turned out to be a ‘nightmare’ and blamed government’s adverse taxation policies and higher fuel prices for the business failure. “The business (of Kingfisher Airlines) failed due to high fuel prices, due to adverse government policies by taxation and of course the failure of aviation engines,” he said in a ... Read More »

Sensex Jumps Nearly 300 Points, Nifty Above 8,650

8.45 a.m.: Indian stock markets are likely to open on a positive note on Friday, tracking the rally in global markets. The Nifty futures trading on Singapore Exchange (SGX) were up 6.50 points or 0.08 per cent at 8,623.50 as of 08.20 a.m., indicating a higher start for Sensex and Nifty. On Thursday, markets rebounded after two days of losses, ... Read More »