The bank will introduce a two-tier rate structure immediately.
India's largest lender said it would lower deposit rates by 50 basis points on accounts with a balance of 10 million rupees ($155,994.07), although the rate would remain at 4 percent for those with higher amounts. "The lender, however, will continue to pay 4 per cent interest on savings bank accounts with deposits of above Rs 1 crore", SBI said in a statement.
The 0.5 per cent cut in savings bank deposits is expected to boost SBI's margins and it showed also as post the announcement, the SBI stock shot up almost 5 per cent to Rs 312.65. Similarly, the stock rose by 4.48 per cent to close at Rs 312.50 on NSE as well, registering the top gainer on both the indices during the day.
This limited-edition Destiny 2 controller sure is tacky These bundles are another result of the partnership between Destiny and PlayStation, which started with the original Destiny . Now, PlayStation has some other Destiny-themed hardware that will release this fall with the game.
Little steps aside for Jacinda to lead Labour The new leader will be announced later on Tuesday. "As leader, I must take responsibility for these results". It's anyone's guess what a potential change of Labour leader might do for the electoral calculations.
Rajnish Kumar, managing director in charge of national banking at SBI, said the decision had been taken at its usual month-end asset-liability meeting. Rate cut won't result in outflows from savings deposits, he added.
This type of cut would impact SBI favourably, an analyst with a foreign brokerage firm said, as it would bring down the cost of funds for the bank and in turn, help boost net interest margins (NIM) for the bank.
"Investors are always interested in rate cuts and have been expecting a rate cut for quite some time now", said Sunil Sharma, chief investment officer at Sanctum Wealth Management. Earlier, SBI used to give 4 per cent interest to its customers.
As on 31st March, 2017, SBI had 3.27 crore Internet Banking customers and almost 2 crore Mobile Banking customers.
Responsibility for the latter attack, which occurred in Mogadishu's Waberi district, was swiftly claimed by the Al-Shabaab group. The incident comes two months after Saudi authorities launched a security campaign to hunt down militants in the area.
The execution drew a large number of onlookers, some perched up telegraph poles and many watching from rooftops. The police van transporting Maghrabi to Sanaa's Tahrir Square was escorted by five police patrol vehicles.
Kerry went on to add in a very mature way that she could admit her share of the blame for the break-up. He would spit in my face all the time and I would think that's OK because he's not giving me a hiding.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link . Also, there are 1 buy, 0 sell and 1 strong sell ratings, collectively assigning a 2.53 average brokerage recommendation.
According to the report, there are now 2700 complaints and a few more crashes that are believed to be related to the issue. The regulatory body may have received certain reports that the SUV combusts carbon monoxide in certain driving scenarios.
The territory's wildfire service says 16 firefighters and an air-tanker group were in Prince George over the weekend. About 3,700 people remained displaced in B.C.by the almost 150 fires that were still burning as of Sunday.
Robinson's reaction is completely understandable given the intense surge in interest Green Box has seen in the last 48 hours. Fans of Frank Ocean's anti-discrimination t-shirt can buy it online for less than $20.
The report found the UK's auto servicing and fix sector grew again in 2016, with turnover rising 2.4 per cent to £21.6 billion. Customs delays, regulatory barriers and other possible consequences of Brexit were calculated to cost an additional £49.
At the test's completion, Ontario and MI signed a new agreement to continue the development of automated cars and the technology. Magma's test drive vehicle is a 2015 Cadillac ATS; Continental's test drive vehicle is a Chrysler 300.
The family entertainer revolves around a big fat Indian wedding mixed with a confusion of twins separated at birth to be cousins. In fact, the audience is also loving Anil Kapoor and Arjun Kapoor's bonding in the film that got laughter riot in the theatres.
Halliburton Company (NYSE:HAL) Short Interest Update
The stock's market capitalization is 37.31B. "The second line, the "%D" line is simple a 3-day moving average of the "%K" line. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link .
Tank Biathlon Contest Held at 2017 Army Games
International Army Games involve 28 events organised in five countries namely Russia, Belarus, Azerbaijan, Kazakhstan, and China. The tank biathlon , held at the Alabino shooting range near Moscow, kicks off the International Army Games .
Shoals gas prices rise
Gas prices should rise 5-10 cents this week, but remain below this year's highs, set earlier this year. The current price is 17.4 cents higher than a month ago and 27.4 cents above last year's average.
Fatwa against Bihar minister who chanted 'Jai Shri Ram'
However, when Chief Minister Nitish Kumar won the trust vote, Ahmad got overly excited and he shouted the slogan "Jai Shri Ram". However, Nitish is seen snubbing his Minister asking him to apologize. "Only after he apologised was he pardoned", Rahman said.
Details emerge regarding Da'Shawn Hand's DUI arrest
Saturday at the 1100 block of University Blvd - just off the Strip near campus and a few blocks from Bryant-Denny Stadium. Alabama practice begins Thursday in Tuscaloosa with the season opener with Florida State set for September 2 in Atlanta.