Banking licence aspirants scramble to meet RBI norms

With the July 1 deadline to apply for bank licence fast approaching, aspirants are scrambling to meet the Reserve Bank of India's (RBI) eligibility criteria to apply. Billionaire brothers Malvinder......

IDBI Home Finance sale faces hurdles

The IDBI Bank board will meet on Friday to decide if the bank should sell its wholly-owned subsidiary, IDBI Home Finance, to Dewan Housing Finance Corporation at a valuation that is below what has......

BoI cuts lending rate by 75 bps

Bank of Indiaannounced on Monday a 75 basis point (bps) cut in its benchmark prime lending rates. With this reduction, the banks BPLR will fall to 12.50 per cent from January 1. The bank has also......

PSU banks to cut deposit, lending rates in Jan

While deposit rates are expected to come down by up to 100 basis points, a decision on benchmark prime lending rates (BPLR) will be taken by banks over the next few days. The decision came after a......