Banking & Financials Newsletter May 8 to May 12, 2017

India Infoline News Service | Mumbai | May 13, 2017 09:40 IST

This week, “State Bank of India, the public-sector behemoth has reportedly decided to levy various charges on the transactions of zero balance savings account called as basic savings banks deposit account (BSBDA) after it crosses the limit of four free transactions at branch and ATM withdrawals. BSBDA accounts prior to 2012 were called as no-frills account.”

Top News
 
Zero balance savings account to attract charges from now: SBI
 
State Bank of India, the public-sector behemoth has reportedly decided to levy various charges on the transactions of zero balance savings account called as basic savings banks deposit account (BSBDA) after it crosses the limit of four free transactions at branch and ATM withdrawals. BSBDA accounts prior to 2012 were called as no-frills account. Read more
 
SBI to sell 12% stake in SBI Life via IPO in September
 
State Bank of India, the country’s largest lender, through an initial public offer, has decided to sell a stake in the life insurance venture SBI Life. Read more
 
Ordinance on bad loan will improve transparency: Arundhati Bhattacharya
 
Arundhati Bhattacharya, Chairman of the State Bank of India while speaking to a leading business daily over the bad loan ordinance, has said that it empowers the Reserve Bank of India to nudge banks to deal with stressed assets, will improve transparency. Read more

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

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