No room for cut in lending rates in near-term: Bankers

  Bankers on Tuesday ruled out any immediate lowering of interest rates even as the Reserve Bank on Tuesday rapped them for not fully passing on to borrowers three cuts in the key rate this......

SS Mundra assumes office as RBI Deputy Governor

Commercial banker Subhash Sheoratan Mundra has assumed office as the fourth deputy governor of the Reserve Bank on Thursday for a three-year term. Mundra, who led the country's second largest......

Govt clears names of 20 public sector bank heads

The government on Wednesday approved 20 senior-level appointments in public sector banks. While the appointments for the post of chairman and managing directorwere announced for Canara Bank,......

FDs: Now, depositors can opt for floating rate

How about your fixed deposits being flexible? Soon this could be possible. State Bank of India is all set to offer floating interest rates on term deposits. The floating rate term deposit product......