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Reduction in lending rates to be in phases: P Nanda Kumaran
State Bank of Travancore (SBT), a major partner in the State Bank’s group, is likely to reduce its lending rates by 50 basis points, according to P Nanda Kumaran, managing director. This is following the reduction in the bank rates by the Reserve Bank of India (RBI) on April 17. SBT had already reduced the rates on domestic/NRE term deposits. In an interview, Kumaran tells George Joseph that

Earn less, pay more

After months of expectations that a rate cut was on the anvil, the Reserve Bank of India (RBI) finally took the plunge last week by cutting the repo rate by 50 basis points - quite a pleasant surprise

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State Bank of India may not cut lending rates soon-chairman

State Bank of India, the country's biggest lender, may not cut lending rates in the near term as costs of deposits continue to be high, Chairman Pratip Chaudhuri said on Monday, after the bank lowered

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Lending rate cuts likely to put pressure on banks' margins

In the wake of the Reserve Bank of India’s (RBI) rate reversal signal, the ongoing and impending reductions in banks’ base rate — the benchmark lending rate to which all loans are

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CDR references likely to stay high in FY13
With economic slowdown and stress on corporate balance sheets looming, bankers expect the pace of reference to corporate debt restructuring (CDR) fora to stay high for at least two quarters.

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PNB, ICICI Bank reduce lending, deposit rates

There is some relief for borrowers, as large banks have started reducing their lending rates across the board after a gap of three years. Punjab National Bank, the second largest lender in the

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