Lord Krishna Bank on Monday hiked interest rates on deposits by 0.25-0.35 per cent for various maturities effective from December 15.
Federal Bank Ltd on Monday said it has decided to call off its proposed merger with Lord Krishna Bank Ltd.
Following the footsteps of other banks, Lord Krishna Bank has hiked interest rates on domestic deposits by 25 to 50 basis points.
Anil Ambani-controlled Reliance Capital Ltd said on Tuesday that it did not have any discussions with ICICI Bank for picking up its stake in Federal Bank.