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SBI raises lending, deposits rates by 25 basis points
Faced with tight liquidity in the market, State Bank of India (SBI) has raised its base rate and the benchmark prime lending rate (BPLR) by 25 basis points each. The country's largest lender also increased interest rates on domestic term deposits by 25 basis points in two maturity buckets - 555 days and 1,000 days. Both slabs would attract rate of 9.25 per cent. SBI to promote gold depositsThe new
Faced with tight liquidity in the market, State Bank of India (SBI) has raised its base rate and the benchmark prime lending rate (BPLR) by 25 basis points each. The country's largest lender also increased interest rates on domestic term deposits by 25 basis points in two maturity buckets - 555 days and 1,000 days. Both slabs would attract rate of 9.25 per cent. SBI to promote gold depositsThe new
Andhra Bank net up 20%
Public lender Andhra Bank posted a net profit of Rs 331 crore for the quarter-ended December, as against Rs 275 crore in the year-ago period, up 20.36 per cent. Total income rose to Rs 2,320.2
Corporation Bank hikes BPLR to 13.25%
New Delhi: Corporation Bank today announced an upward revision of 25 basis points (0.25 per cent) in its benchmark prime lending rate (BPLR) from 13 per cent per annum to 13.25 per cent per annum.
New Delhi: Corporation Bank today announced an upward revision of 25 basis points (0.25 per cent) in its benchmark prime lending rate (BPLR) from 13 per cent per annum to 13.25 per cent per annum.
Double-digit lending rates are back, early respite unlikely
Home loan rates hit 10%, as do preferred corporate loans.
Home loan rates hit 10%, as do preferred corporate loans.
SKS Microfinance sees mounting macro pressure
Regulatory action has damped its price and investors should refrain from getting in till sector rules are clearer, feel analysts.
Regulatory action has damped its price and investors should refrain from getting in till sector rules are clearer, feel analysts.
Union Bank hikes lending rate by 50 bps
The government-run Union Bank of India Monday raised the base rate, the minimum rate at which banks lend, by 50 basis points (bps) to 9 percent, in line with other lenders.
The government-run Union Bank of India Monday raised the base rate, the minimum rate at which banks lend, by 50 basis points (bps) to 9 percent, in line with other lenders.
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