1、Submitted by:pallavi saggarmba-2aNews on Banking Sector.1. SBI LIKELY TO EXTEND TEASER RATES BEYOND SEPT.SBI to extend home loans schemes beyond Sept 30.Home loans upto 50 lac interest 8% for 1 yr 9% for 2nd & 3rd yr , 1.75% above base rate for 4th yr.SBI Base rate 7.5% a yr.SBI , the Countrys large

2、st lender , launched Teaser rate scheme in Aug,2021.2. PSU BANKS OUTSHINE PRIVATE BANKS IN WAGES.For 1st time PSU Banks have spent a larger part of their income on wages as compared to Public Banks.A study conducted by Boston Consultancy Group has found that per employee salary cost for PSU is Rs. 5

3、.6 lac per employee has for 1st time exceeded Private sector Bank at Rs. 5.4 lac per employee in 2021.3. Bank may get to fix interest rate on saving a/cRBI has moved a step forward to Deregulate the interest rates.Deregulation means that Banks would be given freedom to set the interest rates on savi

4、ng a/c based on their need for funds.Rate of interest on savings deposit is mandated by RBI at 3.5%.As Banks are calculating interest rates on daily basis.4.Hundred yr. of Central BankIn 2021, the Central Bank will celebrate its century.Central Bank was established on Dec 21, 1911 by Sir Sorabji Poc

5、hkhanawala .It was 1st Commercial Bank owned & managed by Indians.5. Regulators plan Reinsurance overhaul with new norms.New guidelines of Reinsurance during end of this yr.Reinsurance means an Insurance company transfers a part of its risk to another reinsurer & remains responsible for policyholders benefits & claims.Currently, Insurance act restricts the FDI to 26%. .6. Deutsche Bank plans 9-b share sale to fund buys.This is done to boost its stake in Deutsche Postbank .Bank has option to increase its s