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Base rate cut have to wait till next quarter

Only two banks - Union Bank of India and United Bank of India - took a cue from the Reserve Bank of India (RBI)’s repo rate cut and reduced their base rates. RBI reduced the repo rate by 25......

Rate cuts likely even as RBI talks tough on inflation

Reserve Bank of India Governor Raghuram Rajan has argued repeatedly that economic growth can only revive by defeating inflation, note Suvashree Choudhury and Gaurav Pai The rally in Indian bonds is......

Union Bank to charge customers beyond 8 ATM transactions

After private banks – HDFC Bank and Axis bank – decided to charge own customers for more than five transactions at their ATMs, public sector lender Union Bank of India has also joined......

United Bank's denial: Rs 800-cr default untrue, no merger on cards

United Bank of India (UBI) on Monday dismissed a report that claimed the lender faces risk of default in the Rs 800-crore (Rs 8 billion) credit lines sanctioned by one of its branches in New......

RBI rate hike: Stocks, rupee will fall

The Reserve Bank of India unexpectedly raised its policy interest rate on Tuesday by 25 basis points (bps) but said that if consumer price inflation eases as projected, it does not foresee further......
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The message Rajan's priority sector lending norms send to lenders

Farmers with small land holdings must thank Reserve Bank of India (RBI) governor Raghuram Rajan for the recent changes made in the so-called... ...

http://m.firstpost.com/business/bank-poor-message-rajans-priority-sector-lending-norms-send-lenders-2230302.html
Epic Research Special Stock Market News 06 May 2015

Asian stocks stumbled on Wednesday in sympathy with weak U.S. and European markets as equities investors were spooked by a vicious selloff in... ...

http://pressreleaseping.com/epic-research-special-stock-market-news-%E2%80%9306-may-2015
Andhra Bank, Union Bank of India now uses dharnas and agitations to recover loans from erring borrowers

MUMBAI: It looked like any another dharna, a group of people standing outside an office building with placards demanding that the chairman of a... ...

http://economictimes.indiatimes.com/industry/banking/finance/banking/andhra-bank-union-bank-of-india-now-uses-dharnas-and-agitations-to-recover-loans-from-erring-borrowers/articleshow/47168584.cms
Here's why borrowers can cheer more

MUMBAI: Home loan borrowers will now have a wider universe to avail lower rates as three more state-owned lenders including Bank of Boroda, State... ...

http://economictimes.indiatimes.com/industry/banking/finance/banking/home-loan-rate-cuts-heres-why-borrowers-can-cheer-more/articleshow/47166441.cms
Jaitley should spare zombie banks from dividend payments until they pass tough phase

Private sector banks have largely managed to keep their performance intact in the January-March quarter, except in a few cases, where... ...

http://m.firstpost.com/business/fm-jaitley-should-spare-zombie-banks-from-dividend-payments-until-they-pass-tough-phase-2228204.html

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