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Tuesday, Sep 24, 2019
Beena Parmar

Beena Parmar

About

Beena Parmar has been is a banking and finance journalist for over 6 years. She loves to read about politics, society

articles by Beena Parmar (179 results)
Jan 04, 2017 10:56
The interest rate loan war intensified on Tuesday, with HDFC Ltd, the biggest non-bank mortgage player in the country, on Tuesday citing lower borrowing costs to slash home loan rates, a day after two of its biggest competitors — SBI and ICICI Bank. read more
Jan 02, 2017 22:19
Two private sector banks slashed a key lending rate on Monday as a surge in deposits following the ban on high-value bank notes sparked a race among the country’s lenders to woo consumers with cheaper home and vehicle loans. read more
Jan 02, 2017 14:23
After State Bank of India and few other public sector banks, Kotak Mahindra Bank becomes the first private bank to cut lending rates by up to 0.45% in the new year. read more
Jan 02, 2017 12:16
State Bank of India, country’s largest bank will charge an interest rate of 8.65% on home loans up to Rs 75 lakh, while for women the interest rate would be 8.60%. read more
Jan 01, 2017 15:15
Country’s largest bank, State Bank of India reduced it’s loan rates sharply by 0.9 percentage points across all tenure loans. This is one of the steepest cut since the global crisis in 2008. read more
Jan 01, 2017 00:32
Non-resident Indians (NRIs) can exchange old Rs 500 and Rs 1000 notes till June 30, 2017, the Reserve Bank of India said on Saturday. read more
Dec 29, 2016 20:43
On the eve of the expiry of one of India’s most bold economic measure since 1991, the chairman of India’s largest commercial bank is confident that demonetisation would benefit. But she is candid enough to admit that the corporate loan book and SMEs... read more
Dec 29, 2016 18:12
Demonetisation has hastened year-end exits by foreign investors, but in the long run, digital efficiency will replace the clumsy ‘cash and pay’ tradition, Arundhati Bhattacharya said read more
Dec 29, 2016 11:06
Banks are likely to miss the March 2017 deadline for cleaning up their balance sheets, given the slow progress on resolution of bad loans. read more
Dec 27, 2016 10:36
Banks are likely to witness a weak third quarter due to subdued demand for home, vehicle and consumer loans, bringing loan growth to a 54-year low. read more
Dec 26, 2016 10:22
The country’s largest bank, State Bank of India, wants the government to allow banks to charge customers for cash transactions, said a senior executive. read more
Dec 23, 2016 13:24
After Axis Bank, Kotak Mahindra Bank came under the Income Tax (I-T) lens with two suspicious accounts reported on Friday. According to reports, fake accounts worth Rs 70 crore were found in their Kasturba Gandhi Marg branch in New Delhi. The accounts... read more
Dec 23, 2016 11:05
MDR is a commission that banks charge merchants for every transaction on its card machine. A bank typically earns an MDR of 0.75% for transactions up to \u20B92,000 and 1% for those above \u20B92,000. read more
Dec 21, 2016 12:50
The Reserve Bank of India’s latest restriction on deposits over Rs 5,000 in old currency notes has saddled bankers with more work, apart from also having to face irate customers asking them for explanations as to why they couldn’t come earlier. read more
Dec 09, 2016 12:53
Employees are expected to see an average 10% increase in salary in 2017 -- lower than the 10.3% rise doled out this year. However, after taking into account the inflation effect, the hike would be a meagre 4.8%, according to the latest report by global... read more