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SBI reduces the interests on home loans significantly
Due to the pandemic, the Reserve Bank of India had reduced the Repo Rate to 4%. The biggest benefit if that has been to the Home Loan segment as the interest rates fall to a decade low.
SBI Adopted 6-month MCLR reset frequency
The 6-month SBI home loan will be applicable only for new loans. Since October 1, 2019, all lendings by banks are based on external benchmarks for which most banks have chosen the repo rate.
NCLT Mumbai admits bankruptcy proceedings under IBC against Anil Ambani, Reliance Communications
NCLT Mumbai observed: The RCOM and RITL committed default in repayment in and around January 2017. The accounts were retrospectively declared as Non-Performing Account (NPA) with effect from 26.08.2016 i.e. even before loan agreements had been entered into. The order dated August 20, 2020.
The State Bank of India is expected to receive a net profit of ₹ 3,375 crore
State Bank of India (SBI) forecast a net profit of ₹3,375 crore in the three months leading up to June 2020 on Friday.
SBI’s recruitment process begins for 2020 with 3,850 vacancies
State Bank of India (SBI), country's largest bank has started the online registration process for recruitment at 3,850 vacancies at the post of circle-based officer. The application process will close on August 16.
SBI is willing to invest in Yes Bank FPO saving Investment Funds
SBI is willing to invest in Yes Bank FPO saving Investment Funds. Since it is all prepared to spend an additional 1,760 crore in the public follow-up problem.
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