The loans will be utilised for corporate purposes and for trade finance,the bank said.
The State Bank of Patiala has converted its branch in Sector 35-D of Chandigrh into an all women branch.
Most emerging Asian currencies rallied on Monday with India's rupee at a near one-month high as Lawrence Summers quit the race to be Federal Reserve chief,sparking hopes that the U.S. central bank may keep monetary policy loose for longer.
Bank says after recent bounce,India looks relatively expensive and is most exposed to growth adjustments.
On the day Raghuram Rajan took over as RBI Guv,the rupee gained by 56 p to 67.07.
Banks borrowed a record Rs 73,602 crore from MSF window on Sept 11,according to RBI data.
Technology and outsourcing to play an important role in developing innovative cost efficient operating models,says report.
Monetary Authority of Singapore assessing credit quality of loans made from branches to Indian banks.
Shares in state-owned banks rise on attractive valuations compared to their private sector peers,dealers say. “Private banks are quoting at almost twice the valuation of state-owned banks,” an institutional dealer said. State Bank of India (SBI) gains 1.1 per cent while Bank of Baroda is up 2.8 per cent. Among midcap state-owned banks,Union Bank of […]
Rupee is hovering near day's high at 63.57/58 versus its close of 63.50/51 on Thursday.
The move was aimed at keeping liquidity condition tight.
Rupee has spurted by 425 paise or 6.28 per cent in last five straight sessions.
The delay on any possible action on Syria has helped market sentiment and the rupee was also poised for a correction.
The rupee had settled at 77 paise higher at 65.24 against the dollar on Friday.
State Bank of India,Bank of Baroda,Bank of India and ICICI Bank to benefit.
Experts feel RBI move to allow special window to swap FCNR dollar funds could fetch around $10 bn.
Bank has seven branches in the state including those at Kochi,Kozhikode and Thiruvananthapuram.
Rupee opened fiscal at 54.25 to USD but fell to a life-time low of 68.86 on Aug 28.
SKS Trusts has five mutual benefit trusts whose beneficiaries are self-help groups of borrowers of SKS Micro.
Domestic mutual funds have purchased shares worth over Rs 1,600 crore in August,after pulling out more than Rs 2,400 crore in the preceding two months.