PSBs can’t be run like driverless cars: RBI Flagging severe talent crunch at the top in public sector banks (PSBs), Reserve Bank of India Deputy Governor S S Mundra on Wednesday pressed for the need to focus on human resource management. He said there cannot be a “leaderless bank†even if autonomous vehicles edge closer … Read More →
SBI expects RBI to address systemic liquidity issues in monetary policy Reserve Bank’s forthcoming monetary policy review should outline steps to curb the volatility in systemic liquidity, SBI Chairman Arundhati Bhattacharya said on Friday. RBI is scheduled to announce this fiscal’s first bi-monthly monetary policy on April 5. “We expect RBI to address the issues … Read More →
Your loans may get cheaper with banks implementing the new lending rate structure called marginal cost based lending rate (MCLR). The State Bank of India (SBI) on Thursday became the first bank to announce its MCLR. All banks will have to price their loans on MCLR from April 1. HDFC Bank also followed suit by … Read More →