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Barely a fortnight after Pratip Chaudhuri took charge as the chairman, State Bank of India (SBI) has decided to withdraw one of the most controversial, yet popular, products in the Indian banking sector in recent times. Introduced by Chaudhuri’s predecessor, O P Bhatt, in early 2009, the teaser loan scheme will be withdrawn from May […]

Higher inflation mostly draws murmurs from un progressive investors who parceling their money in fixed deposits, company deposits, debt mutual finances and so on. The familiar line of disconcert beingness the returns often miscarry to overhear up with the canvas of inflation – especially if one entirety out the returns after statement for income tax. […]

Consumers of power Distribution Company BSES in South and West Delhi will now be able to pay their electricity bills through credit and debit cards. Earlier, consumers could pay their bill only through cash, cheque or demand draft. CEO of BSES Rajdhani Power Limited Gopal Saxena said consumers can now make bill payments through credit […]

State Bank of India (SBI), the country’s largest bank, hike in its base rate by 25 basis points, making auto and home loans from the lender dearer. The investor also redoubled its reference disposition value by the aforesaid bound which would mangy the existing borrowers also know to pay more for their loans. The judge […]

State Bank of India (SBI), the country’s largest lender, is set to increase its base rate — the benchmark rate for all loans — by 25 basis points. Top SBI officials said the rate hike may happen even before the Reserve Bank of India’s (RBI’s) annual policy review scheduled for May 3. SBI’s base rate, […]