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The country’s largest PSU lender, State Bank of India, on Saturday reduced interest rate for deposits having 1,000-day tenure by 0.25 per cent to 7 per cent. The new rate will be effective from September 8, the bank said in a release issued in Mumbai on Saturday. Interest rates for deposits for all other tenures remain [...]

Home Loans major HDFC bank announced that it is reducing the home loans rates by 0.50% for the Rs.30 lacs to Rs.50 lacs segment. Now they will offer the loan at 9% interest rates. This will be applicable only to the new customers. Recently SBI has reduced the home loans rates by 0.50%-0.75% and it [...]

Introduction India’s largest bank SBI reduced its fixed deposit interest rates. If you are an investor, nowadays parking the money in FD is not an good option because of the low interest rates. Enter your email address: In the recent days many of the banks started reducing the interest rates on the fixed deposit schemes. [...]

State Bank of India has launched two special home loan schemes that assure low interest rates in the first three years, upping the ante for its rivals in the mortgage market that has turned bullish following a pick-up in home sales in May. SBI Easy Loan for amounts up to Rs 30 lakh and SBI [...]

The country’s largest lender, State Bank of India, today said it will consider a cut in interest rates after the bankers’ meeting with Finance Minister Pranab Mukherjee scheduled for early next month. “As far as interest rates are concerned, we will take a view after (bankers’ meeting with Finance Minister),” SBI Chairman O P Bhatt [...]

In this article I will be writing about switching your existing home loans from one bank to the another bank. Switching home loans will give you some advantages of saving your money. This is normally done when another bank offers very less interest rates compare to your existing interest rates on the home loans. It [...]

The commercial banking structure in India consists of: Scheduled Commercial Banks in India Unscheduled Banks in India Scheduled Banks in India constitute those banks which have been included in the Second Schedule of Reserve Bank of India(RBI) Act, 1934. RBI in turn includes only those banks in this schedule which satisfy the criteria laid down [...]

SBI has revised its Fixed Deposit interest rates from Jan 1,2009. The latest interest rates are as follows : Interest rates for domestic term deposits below Rs 1 crore 15 days to 45 days: 4.25% 46 days to 90 days: 5.25% 91 days to 180 days: 6.50% 181 days to less than 1 year: 7.25% [...]

Even as the world financial markets have seen either the total disappearance or the loss of positions of top banks and financial institutions due to ongoing subprime crisis, it is now time for the Indian state owned banks and financial institutions to scale heights in global markets. State Bank of India, the country’s largest bank [...]

Shri O P Bhatt, has been declared the CNN-IBN Indian of the Year 2007 in the Business category ahead of Vijay Mallya and the Ambanis . After much deliberation, the jury voted for the maverick banker Shri O P Bhatt, at the helm of the State Bank of India since 2006, as the CNN-IBN’s businessman [...]