Karur Vysya Bank and SBI Cards May Tie Up for Credit Cards
Karur Vysya Bank and SBI cards are likely to enter into a deal and launch co-branded credit cards for customers. The information was shared by CEO of SBI Cards, Mr Kadambi Narahari. He also said that SBI Cards is soon planning to come with its signature brand cards
SBI May Raise Saving Deposit Rate By Up To 125 bps
State Bank of India has hinted that it could increase interest rate on savings bank accounts by as much as 125 basis points after the Reserve Bank of India announced deregulation of saving bank rate in its second quarter review of monetray policy on October 25.
SBI to get Rs 8,500 cr this year as capital infusion
The State Bank of India is expected to get Rs 8,000-8,500 crore during the current fiscal. This amount is likely to be given through various instruments such as preferential shares. Once its capital base is augmented, SBI can go for a follow-on public offer or a rights offer which can be done only after this fiscal. The effort is to see that not just SBI but all the banks have 9 per cent of Tier-I capital under Basel-III norms. These norms are…