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Kotak Mahindra Bank joins peers in tapping dollar debt before RBI window shutsKotak Mahindra Bank successfully raised $650 million through its five-year dollar bonds. This issuance occurred at a coupon rate 27 basis p...
These 7 bank stocks have an upside potential of up to 27% in one year, according to analystsConsider how things have panned out for the banking sector in Q1 FY27. The quality of loan books has improved. Though credit growth was not...
RBI measures lift FY27 BoP outlook to over $50 bn surplus, CAD seen at 1%: SBI ResearchFCNR(B) deposits: In FY27, India is anticipated to enjoy a balance of payments surplus amounting to USD 50 billion, driven by robust foreig...
FCNR(B), nothing magical about itThe Reserve Bank of India is prematurely closing a special window for FCNR(B) bank deposits from the Indian diaspora, originally set to end...
FCNR(B) swap cost unlikely to have driven RBI’s early closure: SBI Research reportSBI Research said the cost of the RBI’s FCNR(B) swap facility is unlikely to have driven its early closure, estimating cumulative hedging c...
RBI's $56.8 billion forex drive: How diaspora deposits reshape India's currency risk and balance sheetIndia's special forex package has successfully garnered over fifty-six billion dollars in deposits, surpassing expectations. This increased...
'India was, is and will be one of fastest-growing economies': SBI ResearchIndia remains one of the world's fastest-growing economies, demonstrating significant resilience. Strong credit and deposit growth indicate...
Up to 7.25% senior citizen FD interest rate: What is the maturity amount on Rs 5 lakh in 5-year SBI, PNB, HDFC Bank & other FDs?For senior citizens seeking consistent returns, fixed deposits present an appealing option. Notably, Axis Bank currently leads the market w...
Banks continue to garner FCNR deposits at a brisk paceIndian banks are attracting foreign currency deposits at a brisk pace. Indian Bank and Central Bank of India have garnered substantial fore...
Central Bank of India mobilises $250 million under FCNR (B) window: CEO Kalyan KumarCentral Bank of India has successfully mobilized $250 million under the RBI's FCNR-B window, surpassing its internal target of $100 million...
Slice posts Q1 profit of Rs 51 crore as banking pivot gathers paceSlice’s Q1 results come as the company explores a $50-100 million fundraise at a valuation below $1 billion, ET reported in April. If compl...
Rs 50 lakh jewellery vanishes from SBI locker: Woman alleges bank negligence after being told she no longer had a locker following bank mergerJewellery worth around Rs 50 lakh has mysteriously gone missing from an SBI bank locker. The locker holder has lodged a complaint alleging ...
FCNR (B) FD premature withdrawal rules: Check penalty and interest rate rules of HDFC Bank, SBI, ICICI Bank, Axis Bank, Kotak Mahindra BankFCNR(B) deposits serve as a reliable investment option for NRIs wishing to secure foreign earnings in India. Penalties can differ across in...
SBI shares rise nearly 2% after Q1 beat. Here's what Nomura, Morgan Stanley and other top brokerages expect nextSBI shares gained 1.55% after the lender reported a 10% YoY rise in Q1 FY27 standalone net profit to Rs 21,121 crore, beating Street estima...
SBI sees broad-based credit growth, sticks to 14-15% FY27 loan growth guidanceState Bank of India expects credit growth to remain broad-based across segments. The bank retained its loan growth guidance at fourteen to ...
SBI Q1 Results: Standalone profit rises 10% YoY to Rs 21,121 crore, beats estimatesState Bank of India reported a ten percent year-on-year net profit growth. Its net interest income also saw a fifteen percent rise during t...
SBI unpaid dividends: How to check unclaimed dividends with bank or IEPFInvestors can check for unclaimed State Bank of India dividends on the bank's website. Dividends unclaimed for seven years are transferred ...