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The State Bank of India today said it had no plans to take a cue from rival ICICI Bank and devise a dual rate home loan scheme. “We have no plans at present to introduce a dual rate home loan,” SBI chairman Pratip Chaudhuri said on the sidelines of the Ficci-IBA conference here today even […]

If investors need any further proof that having the government as majority shareholder is detrimental to their interests, the State Bank of India (SBI) is Exhibit A. The bank is 41 % owned by the public, but their misfortune is that the government owns the balance 59 percent – and is unwilling to chip in […]

There are penalties and expenses, and you may even have to sell at a discount in exchange for money and moving the debt early. With interest rates on the boil, financial planners are insistently recommending debt funds, fixed deposit (FD) and non-convertible debentures (NCDs). For an investor, who seeks the safety of debt, along with good […]

The government said it is not considering any proposal for merger of public sector banks. “No,” minister of state of finance Namo Narain Meena said in a reply to a question whether the government has taken a decision to merge public sector banks ( PSBs). The current policy of the government on consolidation leaves the […]

Private banks have devised a variety of strategies to remain competitive amid the slowdown that is likely to engulf India. The new private sector banks such as Kotak Mahindra Bank and Yes Bank will focus on rural India and emerging sector banks to stay profitable while the larger banks like ICICI Bank and HDFC Bank […]