The difference between investment return and investor return is the behaviour gap.
Customers can also get up to Rs 6,000 off on exchange of selected smartphones and an instant 10% off on using SBI credit cards.
Company cedes market share to Google Pay, PhonePe which registered around 300 million transactions each in July while Paytm clocked 140 million transactions.
Users spent around Rs 6 lakh crore using credit cards in 2018-19, up 30% from a year ago.
This will be one of the many interactive services that the Bank is planning to launch on WhatsApp.
With today’s rate action, we have seen a cumulative rate reduction of 110 bps, and it is imperative to see this impact percolate to the real sector.
The 1 Year MCLR would come down to 8.25% p.a from 8.40% p.a. with effect from 10th Aug 2019.
The RBI has so far cut policy rates by 110 basis points and changed its stance to accommodative.
Banks have to keep aside a higher amount of money depending on the risk perception on loans guided by the central bank.
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