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SBI expects 18-19 pct credit growth in 2011/12 - exec

SBI to cut SME loan rates by 150-200 bps
Central Bank and Union Bank cut base rate to 10.5% State Bank of India (SBI), the country's largest lender, will reduce interest rate on loans given to small and medium enterprises by 150 to 200 basis points (bps) by the end of the month. The lender has already reduced auto loan rates by 75 bps and retail deposit rates by 25-100 bps. News agency Reuters reported quoting SBI chairman Pratip Chaudhuri

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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SBI net up 16.10% on high interest income

Robust growth in net interest income helped State Bank of India, the country’s largest lender, to post a 16.4 per cent growth in consolidated net profit to Rs 4,318 crore in the financial

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Rail-port public-private links hit down signals
Financing, loan rates & road connectivity issues come to fore; railways mull changes in rules to promote investor interest.

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Q&A: Keki Mistry, HDFC

HDFC vice-chairman and chief executive officer Keki Mistry discusses second-quarter earnings with Manojit Saha and says the Reserve Bank of India may increase interest

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Most banks, finance cos will not offer home teaser loans

Unlike ICICI and HDFC, other banks and housing finance firms may not come out with schemes offering dual interest rate housing loans on the back of higher provisioning norms stipulated by the RBI for

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State Bank to further cut loan...
State Bank to further cut loan rates

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