Deposit market faces crisis of expectations

With short-term rates rising due to a scramble for funds to meet year-end targets, companies are dictating terms on the tenure of deposits."Companies are looking for longer maturities, typically......

RBI status quo on rates, CRR expected: Bankers

Bankers on Thursday said the status quo in the monetary stance of the Reserve Bank is largely on expected lines taken after considering the tight liquidity situation and overall cooling inflation......

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,......

SBI has the lowest base rate among PSU banks

Ushering in a new interest rate regime that could make credit cheaper, several PSU banks on Tuesday announced benchmark base rates of up to 8 per cent, with SBI's being the lowest at 7.5 per cent,......