Banking Financials Newsletter - August 14 to August 18, 2017

This week. “Public sector banks have reported a 20% jump in the outstanding loans by nearly 9,000 wilful defaulters who collectively owed more than Rs 92,000 crore to lenders at the end of March this year, said data released by the Finance Ministry.”

Aug 19, 2017 05:08 IST India Infoline News Service

Top news:
 
Wilful defaulters owe Rs 92,000 crore to PSU banks

Public sector banks have reported a 20% jump in the outstanding loans by nearly 9,000 wilful defaulters who collectively owed more than Rs 92,000 crore to lenders at the end of March this year, said data released by the Finance Ministry. Read more
 
HDFC Bank revises interest rates for savings bank accounts

HDFC Bank has revised its savings bank interest rate. Post revision, customers maintaining savings bank account balance of Rs 50 lakh and above will continue to earn interest at 4% per annum. Customers maintaining account balance of below Rs 50 lakh will earn interest at 3.5% per annum as against the previous rate of 4%. Read more
 
Srei Equipment Finance plans to dilute up to 25% of its capital

Srei Equipment Finance, a wholly-owned subsidiary of Srei Infrastructure Finance, plans an initial public offering of its equity shares, resulting in a dilution of up to a maximum of 25% of the post-issue paid-up equity share capital. Read more

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