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
Good news for Indian investors who wants more as well as secure returns, Finance Minister P. Chidambaram is set to launch the much-awaited Rajiv Gandhi Equity Savings Scheme (RGESS) in Mumbai. Read more
The State Bank of India (SBI) is going to launch its second official branch in China in Tianjin, close to Beijing. Read more
A Memorandum of Understanding (MoU) has signed between the $10 billion Russian sovereign wealth fund, RDIF and SBI to set up a $2 billion investment consortium to promote direct mutual investments between two nations.
The signed pact contains 10 deals, including defence, signed as part of Russian President Vladimir Putin’s official visit to India at the 13th annual India-Russia summit. Read more