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SBI: Small loan and deposit rates will continue to be linked...

The Chairman of State Bank of India (SBI), Rajnish Kumar, confirmed on Saturday that small loans and deposits i.e. those that are valued below Rs.1 lakh...

Punjab National Bank reduces MCLR by 10bps

The public sector bank, Punjab National Bank (PNB), announced on Wednesday that it has decreased the Marginal Cost of funds based Lending Rate (MCLR) by 10 bps (basis points) for...

11,000 bank officers trained on MSME credit

In a bid to simplify the process of providing credit to MSMEs, the Reserve Bank of India has provided training to around 11,000 officers...

Kerala Floods: State govt. to take a Rs.3,000 crore World Bank...

The state of Kerala plans to approach the World Bank to borrow Rs.3,000 crore to fund the rebuilding of public infrastructure in the state....

ONGC repays around 30% of Rs.24,881 crore loan

Oil and Natural Gas Corp. Ltd. or ONGC as its popularly known has repaid close to one-third of the loan amount it had taken...

IDBI hikes interest rate on loans by 10 bps

IDBI Bank, which is in the news following reports that LIC might purchase a majority state in the bank, yesterday increased its interest rates...

Bank loan grows to a three year high

This November saw the highest bank loan growth in three years. This may be an indicator that businesses have increased their output after the...

IndusInd Bank sees an increase of 25% in net profit

A high demand in loans and a drop in the cost of funds had helped the private sector institution, Induslnd Bank see a 25%...

Canara Bank offers Rs.100 to KSRTC to pay off its Employees’...

15th December, 2016. The Kerala State Road Transport Corporation (KSRTC) has received a loan amount of Rs. 100 from Canara Bank to pay off the...

60-day Loan Repayment Relief for Borrowers

7 December, 2016 Given the cash crunch following demonetisation of old currencies in India, the Reserve Bank of India has come up with an interesting...