Union Bank of India expects Rs 1,000 cr infusion this fiscal

Last Updated: Saturday, December 8, 2012, 23:50

"We have applied and we are expecting about Rs 950-1000 crore (capital infusion during the current fiscal)," Union Bank of India Chairman and Managing Director D Sarkar said.

After 62% rise in NRE fund mop-up, Federal to cut deposit rates

Last Updated: Sunday, October 21, 2012, 13:04

It has been offering higher than average industry pricing to woo money from NRIs since last December after the RBI liberalised the NRE deposits to arrest the steep plunge of the rupee.

Dena Bank reduces rates on car, education loans by up to 2%

Last Updated: Tuesday, September 4, 2012, 23:25

State-owned Dena Bank on Tuesday announced reduction in interest rates on car and education loans by up to 2 percent.

Interest rates will come down when inflation softens: RBI

Last Updated: Saturday, September 1, 2012, 20:46

"As and when inflation rate comes down, interest rates will come down...." he said on the sidelines of an event here.

Federal Bank offers 10% on 1000-day deposits

Last Updated: Monday, July 30, 2012, 20:27

Kerala-based private sector lender Federal Bank on Tuesday offered an interest rate of 10 percent for resident and non-resident deposits for 1,000 days' maturity, effective Tuesday through August 17.

RBI raises bank rate to 9.5% for Urban Co-operative Banks

Last Updated: Wednesday, March 7, 2012, 18:11

The Reserve Bank has hiked bank rate for Primary (urban) Co-operative Banks by 3.5 percent to 9.5 percent with effective from February 13, 2012.

Axis Bank not to cut interest rates now: Sharma

Last Updated: Monday, February 27, 2012, 21:39

The country's third largest private sector lender Axis Bank Monday ruled out any immediate reduction in its lending rates and said any such move will depend on its cost of borrowing.

Union Bank hints at slashing retail lending rates

Last Updated: Tuesday, February 21, 2012, 22:44

Following its largest peer State Bank's move to cut interest rate on select product lines, Union Bank of India today said it has decided on a blanket cut in its retail lending rates across all categories.

PNB to decide on savings bank rate after seeing market trend

Last Updated: Tuesday, November 1, 2011, 18:01

The country's second largest PSU lender Punjab National Bank (PNB) Tuesday said it will decide on increasing the savings bank account deposit rates after seeing the market trends.

Yes Bank raises rates by up to 2%, others to take call later

Last Updated: Tuesday, October 25, 2011, 20:38

Within hours of RBI deregulating savings rate, private lender Yes Bank Tuesday hiked its saving rate by a hefty 2 percent even as some leading bankers said they were not in a hurry to take a call as the liquidity position is comfortable.

India to see robust gold imports in festive quarter

Last Updated: Tuesday, October 18, 2011, 11:30

Gold demand in India, the world's largest bullion buyer, will be strong in the October-December quarter, a traditional time for festivals and weddings, despite high inflation that eats into savings and multiple growth-choking central bank rates hikes.

ECB holds rates, new liquidity help eyed

Last Updated: Thursday, October 6, 2011, 18:15

The European Central Bank kept interest rates on hold on Thursday as broadly expected and is expected to launch a set of fresh liquidity measures to help banks to weather the euro zone's worsening debt storm.