India received $70 billion in remittances during 2014.
SBI said the crisis in Grece would have little impact on the bank.
Punjab National Bank has the largest share.
Banks have issues with their balance sheet profiles, say PSB executives.
'The rate cut will reduce the stress on customers and help the bank reduce its provisioning bill.'
It is likely he will rope in an international ATM manufacturer as a strategic partner with equity stake.
Customers using e-commerce websites are young and techno-savvy.
A senior RBI official said the regulator was focusing on performance of banks' statewise and in each district.
Banks, through the Indian Banks' Association, have urged RBI and credit information companies to maintain a database of wilful defaulters.
Rush to offload bad loans indicates a revival in asset-sale market
Norms governing investments by provident funds bar these from depositing funds in a commercial bank in case the NPAs of that bank exceed two per cent of net advances.
SBI's overall gross NPA as on end-December 2013 was close to Rs 68,000 crore ( Rs 680 billion) or 5.73 per cent of its gross advances.
The Sahara group's problems continue, with rating agency CARE cutting its 'BBB' ranking for Sahara Hospitality Ltd's (SHL) long-term bank facility to 'BBB-', due to sub-optimal financial and operational performance.
Currently, the West Asian banking group has three branches - in Mumbai, Hyderabad and Kochi.
The State Bank of India has proposed to the RBI to allow it to charge mark-to-market losses on its balance sheet.
NPAs, cost, fee income, productivity, HR reorientation are focus areas; schedules drawn for addressing all from weeks to a year.
Bankers and executives involved in ATM operations said challenges abounded in this segment.
At present, there is no cap on free transactions at own-bank ATMs, while customers can use other banks' machines up to five times a month without any extra cost.
Delays in returning money for disputed transactions have also come under RBI's scanner.
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