The Central Sector Interest Subsidy Scheme (CSIS) is a Government of India initiative aimed at supporting students from the Economically Weaker Sections (EWS) to pursue technical and professional education in India. Key updates include a maximum subsidy on loans up to ₹10 lakh, a parental income ceiling of ₹4.5 lakh annually, and applications submitted via…
[The working capital requirement of industrial and trading establishments means the sum of the funds invested by them in various current assets (like raw material (RM), work in process (WIP), finished goods (FG), and the outstanding receivables on goods sold. The working capital facility is extended to a borrower by the banks will depend upon on…
The Statutory Liquidity Ratio (SLR) requires banks to hold a minimum share of Net Demand and Time Liabilities in liquid assets such as cash, gold, and government securities, shaping banks’ balance sheets, credit supply, and interest rates while supporting financial stability and government debt markets. A higher SLR restrains bank lending capacity and can firm…
The Cash Reserve Ratio (CRR) is a core liquidity tool of the Reserve Bank of India (RBI) that directly alters banks’ lendable resources, influences interest rates and credit growth, and transmits into inflation and output dynamics in the wider economy. Higher CRR tightens liquidity and credit conditions, while lower CRR releases primary liquidity, supporting credit…
The deregulation of interest rates refers to the removal of government-imposed controls on the rates financial institutions charge or offer on loans and deposits. This shift enables banks and other institutions to independently set their interest rates, fostering a more competitive financial environment. The primary objectives of such deregulation include enhancing market efficiency, improving the…
Interest rates on bank deposits vary across institutions in India. To help you stay informed, we’ve compiled the latest deposit interest rates offered by all public sector banks and leading private sector banks. In the lists below, banks are arranged alphabetically under their respective categories —Public Sector Banks and Private Sector Banks. Next to each…
Income Tax Attachment and Garnishee Orders are both legal mechanisms that enable recovery of dues through attachment of funds held in banks. However, they differ significantly in terms of origin, procedure, and implications for banks. The following sections explain these distinctions in detail. Garnishee Order A Garnishee Order is issued by a Court attaching the…
Overview The Bank Rate in India is the standard rate at which the Reserve Bank of India (RBI) is prepared to buy or re-discount eligible bills of exchange or other commercial paper under Section 49 of the RBI Act, 1934. In modern practice, it functions primarily as an administered benchmark aligned with the Marginal Standing…
Central Bank of India reported a standalone net profit of ₹1,212.88 crore for the quarter ended 30 September 2025 (Q2 FY26), marking a 32.86% year-on-year increase. The bank’s asset quality improved with Gross NPA at 3.01% and Net NPA at 0.48%. Total business reached ₹7,37,938 crore, supported by deposit growth and stable margins. The Net…
Punjab National Bank (PNB) reported a robust financial performance for the quarter and half-year ended 30 September 2025 (Q2/H1 FY26), with notable improvement in profitability, asset quality, and business expansion. The following highlights provide a detailed summary of key metrics across performance segments. Profitability Asset Quality Business Growth Capital and Liquidity Segment and PSL Performance…
