China's AIIB to offer loans with fewer strings attached: Sources

Last Updated: Wednesday, September 2, 2015, 08:42

China's new international development bank will offer loans with fewer strings attached than the World Bank, sources said, as Beijing seeks to change the unwritten rules of global development finance.

SBI says bankruptcy code can't solve all problems for banks

Last Updated: Monday, August 31, 2015, 22:19

State Bank of India (SBI) Monday raised questions over the bankruptcy code being readied by the government, citing past experiences, while stressing on the need for a change in the overall 'ecosystem' to tide over the problem of bad loans.

HDFC Bank cuts base rate by 0.35% to 9.35%; lowest in industry

Last Updated: Monday, August 31, 2015, 19:21

After repeated chiding by RBI chief Raghuram Rajan on banks not passing rate cut benefits to consumers, HDFC Bank Monday lowered its base lending rate by 0.35 to 9.35 -- the lowest in the industry.

HDFC Bank slashes base rate by 0.35%, loans to be cheaper

Last Updated: Monday, August 31, 2015, 16:56

Private sector HDFC Bank on Monday cut the base rate by 0.35 percent to 9.35 percent from the existing 9.70 percent, thereby making loans from the bank cheaper.

In a first, ICICI launches loan product with mortgage guarantee

Last Updated: Wednesday, August 26, 2015, 22:54

In a first in the extremely competitive home finance market, ICICI Bank Wednesday launched a mortgage product backed with a guarantee to help the borrower avail more credit and also extended the tenure, for an upfront fee of 2 percent of the loan amount.

IDBI not selling bad loans to ARCs; PNB thinks of new ways

Last Updated: Tuesday, August 25, 2015, 23:24

Even as they sit on mountain of bad loans, public sector lender IDBI Bank Tuesday said it's not selling stressed loans to ARCs, while its larger peer PNB said it prefers innovative ways to tackle the situation.

Loans under PMMY to double to over Rs 1 lakh cr by March

Last Updated: Wednesday, August 19, 2015, 13:16

Since the launch of the scheme in April by Prime Minister Narendra Modi, about Rs 14,000 crore worth of loans have been disbursed under the scheme to 20 lakh people.

Moving towards softening interest rate environment: Chanda Kochhar

Last Updated: Tuesday, August 18, 2015, 12:58

ICICI Bank was the first lender to start cutting base lending rates, she said adding "a lot of transmission" of monetary easing to borrowers has already happened.

Public sector banks get revamp plan, political interference to be checked: FM

Last Updated: Friday, August 14, 2015, 19:38

The government has decided to inject Rs 70,000 crore in PSBs in four-year period starting this fiscal with Rs 25,000 crore.

India needs to cut political interference in state banks: FM Jaitley

Last Updated: Friday, August 14, 2015, 18:44

India needs to minimise political interference in public sector banks, Finance Minister Arun Jaitley said on Friday, as the government announced measures to improve the performance of state-run banks that are struggling with rising bad loans.

RBI asks banks to provide short-term crop loans at lower rate

Last Updated: Thursday, August 13, 2015, 20:31

The Reserve Bank on Thursday asked all banks to provide interest concession of 2 percent on short term crop loans of up to Rs 3 lakh to farmers.

State Bank of India Q1 net profit rises 6% to Rs 4,714 crore

Last Updated: Tuesday, August 11, 2015, 15:09

State Bank of India on Tuesday reported a 5.9 percent increase in net profit at Rs 4,713.57 crore for the first quarter ended June on the back of a decline in bad loans.