Reserve Bank of India Governor D Subbarao surely knows how to crack a joke even on as mundane a topic as the cash reserve ratio (CRR).
State-run IDBI Bank expects interest rates, both on deposits and advances, to increase from the third quarter of the current financial year.
Public sector Bank of Maharashtra has sought government approval to raise Rs 1,500 crore in three years.
United Bank of India has drawn up plans to float an initial public offer in December this year, bank chairman and managing director S C Gupta said on Monday. The government had already approved the capital restructuring exercise of the bank, he said on the sidelines of the Ficci Banking Conclave in Kolkata.
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