There is a likelihood of SBI slashing down the minimum balance requirement for savings accounts to the extent of 70 per cent which is at present Rs. 3000 for metros, Rs. 2000 for semi urban and Rs. 1000 for rural areas.  Also, the mandate for maintenance is likely to be changed to quarterly from monthly

Encouraged with the Policies and guidelines, Housing Loans disbursed below Rs. 2 lacs, formed a major segment of the Housing Loan portfolio, ultimately ending up with a whopping increase in the NPAs of such loans given below   Rs. 2 lacs. Higher NPAs were seen, on the Housing Loans released by State owned PSU Banks, when

BE/RBI/46/2017 A report from RBI states that there is increase in Household Deposits held in banks. The increase is said to be around 2 percentage points and stands at 63.5 per cent in FY 2017 which is said to be due to note bank driven spurt in saving deposits by individuals. The Government had pulled

BE/RBI/45/2017 The 6-member Monetary Policy Committee (MPC), headed by Governor Urjit Patel of the Reserve Bank of India (RBI) recently has taken a call to keep the Repo or key lending rate unchanged at 6 per cent, however, leaving the inflation concept aloof.  The prediction was on the basis of consumer inflation which increased in October to 3.58

BE/RBI/44/2017 Reserve Bank of India, has revised the merchant discount rate (MDR) from January 2018, which could compel the retailers to go for cash transactions.  The details are: MDR will be 0.4 per cent of the purchase value or Rs. 200 whichever is lower for shops which generate revenue up to Rs. 20 lacs. For