Bank of india

With effect from January 15, 2023, the State Bank of India (SBI) has increased the marginal cost of funds-based lending rate (MCLR) for home loans with a one-year term by 10 basis points. The MCLR is the lowest interest rate that the bank will allow for lending.According to the SBI notification, the MCLR for a one-year tenure will increase from 8.30% to 8.4% with effect from January 15 while remaining the same for other tenures.What is MCLR? BCCL/Representational ImageThe financial…

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Bank of India Recruitment 2023: Bank of India has released an employment notification for the recruitment of the Probationary Officer (Credit officer and IT Officer). Eligible candidates may apply online. The last date for submission of the application is 25-02-2023.

Its been 88 years since India’s central bank, the Reserve Bank of India (RBI) was set up. On April 1, 1935, RBI was founded on the basis of the recommendations of the 1926 Royal Commission on Indian Currency and Finance, also known as the Hilton Young Commission.

The maxim that weak bank stocks are cheap and longterm investors should buy them may not hold true for some state-owned banks, going by the test results.

India appears to be distinctly benefiting in terms of being an attractive investment destination as investment opportunities drag for China, according to a research report by the State Bank of India (SBI), which recently said India appears to be emerging as the best option with a positive growth and inflation outlook in this fiscal, SBI said in its Ecowrap.

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Things that would have been easily fixed a decade ago, or even five years ago, will soon be unsolvable by conventional means. And central bankers are the ones to blame.