SBI re-enters top-10 most valued firms list; replaces Bajaj Finance

The bank had on October 1 lost its spot to Bajaj Finance in the coveted club of top-10 most valued domestic companies.

Banks cut lending, deposit rates

The bank’s one-year MCLR has come down to 8.05 per cent from 8.15 per cent.

The complainant alleged that the ombudsman closed the proceedings without a proper enquiry.

Taking advantage of his post, Rawoof conspired with Lakshminarayan and submitted fabricated deeds as collateral security for SME advance.

DHFL said, the company, in the past 12 months has repaid obligations of nearly Rs 45,000 crore.

SBI customers can withdraw cash from ATMs for 8-10 times without any charges.

The bank will also voluntarily extend benchmark-based lending to medium enterprises to boost lending to the MSME sector as a whole.

Investor interest for cards business is very high, and SBI Card listing will happen in March quarter, said SBI chairman Rajnish Kumar.

RIL, HDFC Bank, HDFC and Kotak Mahindra Bank were the other winners in terms of market valuation.

Police said Jyothi used to collect cheques that were returned to bank as they could not be delivered to customers.