Amid the forex crisis, Sri Lanka seeks a $500 million loan from India for fuel purchases
Amid a severe foreign exchange crisis, the Sri Lankan Cabinet has accepted a 500 million dollar loan from the Exim Bank of India for the purchase of petroleum supplies. As the government grapples with a serious foreign exchange crisis, Sri Lanka has been considering several possibilities to facilitate efforts to prevent fuel pumps from running […]
State Bank of India to cut base rate by 5 bps to 7.45%, reduce PLR
By Administrator_ India Capital Sands Ahead of the festive season, the country’s largest lender, State Bank of India (SBI), has decided to cut its base lending rate by 5 basis points (bps) to 7.45 percent, effective September 15. Also, it has cut its prime lending rate by 5 bps to 12.20 percent. Last week, private […]
SBI ATM cash withdrawal new rules from today: All you need to know
By Administrator_India Capital Sands State Bank of India (SBI), from September 18, is extending OTP-based cash withdrawal for Rs 10,000 and above throughout the day across all SBI ATMs in the country. For withdrawing Rs 10,000 and above, SBI debit cardholders now have to enter OTP sent on their registered mobile numbers along with their […]
SBI notice to BPSL ex-promoter Sanjay Singal to recover over Rs 12,000 cr
By Administrator_India Capital Sands The State Bank of India has invoked the personal guarantees of Sanjay Singal, former promoter of Bhushan Power & Steel Ltd, and has sent him a demand notice for recovery of Rs 12,275.91 crore. The development comes at a time when the resolution process of the bankrupt company hangs in fire […]