Tag: deposits
State Bank of India cuts lending rates as demonetisation brings a...
Many banks, including country's largest lender State Bank of India (SBI), have cut their lending rates, following a deluge of deposits after the notes...
RBI imposes restrictions on old note deposits
The Reserve Bank on Monday imposed stiff restrictions on depositing more than Rs 5,000 in the scrapped Rs 500 and Rs 1,000 notes, mandating...
Black money bail out: 50% tax on unaccounted deposits, 85% if...
Providing a window to black money holders, the government proposed to levy a total tax, penalty and surcharge of 50 per cent on the...
Demonetisation: What will the govt do if it gets Rs 6...
The markets are abuzz with rumours that the Reserve Bank of India might soon announce an interest rate cut on the one hand, and...