In recent years, the objective of monetary policy in India has been two-fold. It has to facilitate the flow of an adequate volume of bank credit to industry, agriculture and trade to meet their genuine needs and provide selective encouragement to sectors which stand in need of special assistance such as the weaker sections of the community and the neglected sectors and areas in the country.
State Bank of India has decided to cut interest rates on retail domestic term deposits across all maturities by 5-75 basis points with effect from August 1, in view of the falling interest rate.
the country’s biggest full-service airline. A group of lenders led by State Bank of India has proposed taking a 50.1 per cent stake for Re 1 through the issuance of 114 million new shares, a.
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This year, Arundhati Bhattacharya, former Chairman, State Bank of India, will be delivering the convocation address. The keynote address will be delivered by Devi Prasad Shetty, Chair, Board of.
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RBI Monetary Policy June 2018: The six-member monetary policy committee of the Reserve Bank of India (RBI) headed by the governor Urjit Patel is all set to announce the outcome of its first three.
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The State Bank of India (SBI), India’s largest bank, will now offer lower interest rates on large savings accounts and short-term loans after the monetary policy committee (MPC) of the Reserve Bank of India (RBI) cut benchmark repo rate by 25 basis points to 5.75% on Thursday.
State Bank of India has a variety of schemes under Personal Finance to satisfy varying needs of the banking public. The Bank offers the following schemes with attractive rates of interest: The Bank offers the following schemes with attractive rates of interest:
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The State Bank of Pakistan (SBP) is the central bank of Pakistan and is charged with the duty to "regulate the issue of bank notes and keeping of reserves with a view to securing monetary stability in Pakistan and generally to operate the currency and credit system of the country to its advantage".
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