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MONEY

 |  2-minute read
SBI, Icici, HSBC, Consumer price index

Why RBI is set to raise bank rates again

Many believe that the RBI will continue to tighten rates further, raising the repo rate in the event of any shortfall of funds.

MONEY

 |  3-minute read
SBI, PSU Banks, Penalty, Minimum balance

PSU banks: Why it's unfair to penalise senior citizens with no pension for minimum account balance default

There is an urgent need for the government to intervene in the matter.

MONEY

 |  6-minute read
NPA, Aadhaar linkage, Bank fine, SBI

Why are PSU banks fining A/C holders over minimum balance, but going soft on corporate defaulters?

SBI collected Rs 1,771 crore as charges from savings accounts, while seeing a steep rise in NPAs at the same time.

MONEY

 |  4-minute read
Black Money, SBI, RBI, Demonetisation

Why government may 'demonetise' new Rs 2,000 note

There has been criticism from various corners since the introduction of the note.

MONEY

 |  6-minute read
SBI, Bad loans, Vijay Mallya, NPAs

RBI hauling up 12 mega defaulters is only the beginning of a long NPA battle

The total amount of NPA in the case of these 12 listed corporate defaulters is almost Rs 175,000 crore, but it's only a fraction of the actual amount.

MONEY

 |  Angiography  |  9-minute read
Loan waiver, SBI, Arundhati Bhattacharya

SBI chief’s self-contradictions on loan waivers and demonetisation are disturbing

Arundhati Bhattacharya had expressed deep reservations about government writing off farmers’ debt, but she wants a bailout package for the telecom sector.

MONEY

 |  4-minute read
Mobile wallets, Service charge, ATM, SBI

Calm down. There's no Rs 25 charge for every ATM transaction levied by SBI

It's applicable only when an SBI Buddy app user withdraws money using an ATM.

MONEY

 |  4-minute read
SBI, Kingfisher, Vijay Mallya

Vijay Mallya’s brief arrest in London has given Indian bankers hope

An arrest, extradition and possible punishment will set a big example for defaulters.

MONEY

 |  7-minute read
Hacking, SBI, ATM cards

32 lakh ATM cards hacked: How, why, where (and what you should do)

Apparently, the security breach was not identified in any of SBI’s systems.

MONEY

 |  4-minute read
NPA, Indian Economy, Public Sector Banking, SBI

Why creating one large bank or one large oil company isn’t the right strategy

It is high time the government realised that being big is not always beautiful.