Wednesday, August 1, 2012
Dearness Allowance - 40 Slabs more from August 2012 : Officers Slab
DA chart for the months of August 2012 to October 2012 : Officers Chart
SLR cut may help slash lending rates: Bankers
Mumbai, July 31 The Reserve Bank of India has done a balancing act amid weak economic conditions by increasing liquidity that can help bankers cut lending rates, and at the same time let it continue with its nearly three-year-old fight against inflation, top lenders said Tuesday.
They hinted at a marginal reduction in lending rates following today’s cut in the statutory liquidity ratio (SLR) — the amount of deposits that have to be invested in government bonds and other liquid assets. The central bank reduced the SLR by 1% at the quarterly monetary policy review on Tuesday morning.
India’s largest lender, State Bank of India, hinted at lowering lending rates to retail customers. “The one percentage point cut in SLR will release an additional Rs 10,000 crore for SBI. That coupled with Rs 6,500 crore released through the reduction in export refinance, may lead the bank to cut lending rates in retail,” SBI chairman Pratip...
They hinted at a marginal reduction in lending rates following today’s cut in the statutory liquidity ratio (SLR) — the amount of deposits that have to be invested in government bonds and other liquid assets. The central bank reduced the SLR by 1% at the quarterly monetary policy review on Tuesday morning.
India’s largest lender, State Bank of India, hinted at lowering lending rates to retail customers. “The one percentage point cut in SLR will release an additional Rs 10,000 crore for SBI. That coupled with Rs 6,500 crore released through the reduction in export refinance, may lead the bank to cut lending rates in retail,” SBI chairman Pratip...
Dearness Allowance increased 40 slab for Aug 2012
Dearness Allowance increased 40 slab for Aug 2012
details will published later.
details will published later.
SCHEME OF 1% INTEREST SUBVENTION ON HOUSING LOANS
The Union Finance Minister during the Budget for 2009-10, had announced a Scheme of 1 per cent Interest Subvention in respect of individual housing loans upto Rs.10 lakh, provided the cost of unit does not exceed Rs.20 lakh. The validity period for the scheme is 1st Oct 2009 to 31st March 2011.
From 01.04.2011 onwards the scheme was modified with eligibility extended to individual housing loans upto Rs.15 lakh, provided the cost of unit does not exceed Rs.25 lakh. The present validity period for the scheme is 1st April 2011 to 31stMarch 2013.
SBI opens ATM at Drass
State Bank of India has become the first bank to install an ATM at Drass in Jammu & Kashmirs Kargil region, to serve locals as well as soldiers guarding the frontiers in the countrys coldest inhabited place. This is the banks 27,032nd ATM and is located adjacent to the Kargil Vijay Dwar, amemorial to the soldiers who made the ultimate sacrifice in ensuring our armed forces re-occupied Tiger Hill (Pt 5353) in the 1998 war with Pakistan. BSREPORTER
Dearness Allowance - 40 Slabs more from August 2012
DA (Dearness Allowance) chart for the months of August 2012 to October 2012 for All Bank Employees (Officers, Clerical Cadre, Sub Staff)
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