Can't ask banks to cut rates, competition will force them: Rajan

Last Updated: Tuesday, February 3, 2015, 18:35

With most banks yet to pass on the benefit of lower interest rates to consumers following the rate cut last month, RBI Governor Raghuram Rajan on Tuesday said the central bank cannot ask them to lower the rates, but eventually competition will force them to do so.

DCB Bank eyes Rs 10K cr loan book by March, December quarter net up 17%

Last Updated: Tuesday, January 13, 2015, 22:50

The bank closed the quarter with a loan book of Rs 9,491 crore taking its balance sheet to Rs 14,807 crore, up from Rs 11,989 crore a year ago, recording a growth of 24 percent.

World Bank to give $250 mn loan for Uttarakhand reconstruction

Last Updated: Thursday, January 9, 2014, 17:40

Multi-lateral funding agency World Bank will provide USD 250 million loan to construct disaster resilient houses and road in cyclonic disaster hit Uttarakhand.

Yes Bank raises $150 million loan from IFC

Last Updated: Monday, December 23, 2013, 19:22

Private sector lender Yes Bank Monday said it has raised a seven-year loan of USD 150 million from World Bank group member IFC for onlending to small businesses.

Indian Bank offers special combo loan scheme

Last Updated: Friday, October 4, 2013, 19:35

Under the scheme, customer availing home loan will be charged base rate.

Finmin asks banks to initiate action against wilful defaulters

Last Updated: Tuesday, September 10, 2013, 15:07

Banks have been asked to take strict action against wilful loan defaulters.

ICICI, HDFC raise rates; home, auto loans to get costlier

Last Updated: Thursday, August 22, 2013, 18:12

Leading financial institutions ICICI Bank and HDFC Thursday raised their benchmark lending rates by 0.25 percent, making home and auto loans costlier.

Grab the festive rates opportunity

Last Updated: Wednesday, August 14, 2013, 11:40

Many banks have come up with festive discount offers and are offering loans on base rate.

India's Exim Bank approves $300 million loan to Ethiopia

Last Updated: Saturday, June 15, 2013, 22:17

Founded in 1982 under the Export-Import Bank of India Act 1981, Exim Bank is the first export finance institution of the country. The bank provides other credit lines to the Ethiopian government in the sugar and rural development sectors.

Canara Bank expects loan growth of 20% in FY14

Last Updated: Sunday, May 26, 2013, 15:25

"We are hoping a credit growth of 18-20 percent and also deposit growth in the same range," Canara Bank Chairman and Managing Director R K Dubey said.