Category: Business

Provisioning requirements for loans restructuring hikes to 5%: RBI

Seeking a tight grip over banking bad debts, the Reserve Bank of India announced to hike the provisioning requirements for loans restructuring of banks to 5 %, reports said. Read more

SBI cuts 5bps in base rate, others to follow suit

Indian largest lender bank, State Bank of India has cut its key lending rate by 5 basis points, passing on RBI’s recent monetary cut off key rates to customers, for monetary easing with economic growth. Read more

HDFC cuts Auto Loan rates by a half percent point

Prevailing RBI’s monetary policy rates, private sector lender HDFC Bank has announced to reduce Auto loan rates to buy vehicles by upto 0.5 percent. Read more

Air India invites bids to sell Dreamliners, lease back

As per fresh report, Air India announced to put all its six newly- acquired Boeing 787-8 Dreamliner planes for sale and leaseback. Read more


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