Union Bank of India, United Bank of India reduced base rates.
The post of chairman and managing director has been split and the government has appointed managing directors and chief executive officers in four banks -- Indian Overseas Bank, United Bank of India, Oriental Bank of Commerce and Vijaya Bank.
It is likely he will rope in an international ATM manufacturer as a strategic partner with equity stake.
A host of lenders, including State Bank of India, IDBI Bank, Indian Bank and Andhra Bank, have lined up meetings of their asset-liability committees this week, to review their lending and deposit rates.
In the policy banks, the government can have 100 per cent stake, McKinsey said.
The meeting will be attended by all heads and EDs of public sector banks
.jpg)
2014 made a lot of promises; can the new year deliver?
The banking sector is set to move at a fast pace from hereon.
Experts hail 2014 as the worst year for banks.
The Directorate General of Civil Aviation has been asked to open up bookings of SpiceJet till March 31, 2015, while airport operators have been asked to provide 15 days to the airline company for making payments.
Kolkata-based United Bank of India, which had earlier declared Kingfisher Airlines and its four directors, including Mallya as wilful defaulters, on Tuesday identified UBHL, the guarantor of the grounded Kingfisher Airlines, also a wilful defaulter.
Jaitley has made it a habit of giving soundbytes to the media like his predecessors on why RBI should cut interest rates
Banks have swung into action as gold prices continue to slide. Reduced loan-to-value ratio (LTV), cautious lending, and a close monitoring of the gold loan portfolio have prompted them to hedge their loan books against the reduction in prices.
Customers using e-commerce websites are young and techno-savvy.
RBI could opt for a 'deep cut' after winning inflation war, say experts.
A series of failed loan recast programmes continues to haunt banks.
Even as State Bank of India, the country's largest lender, has decided to charge its customers for more than five transactions through automated teller machines (ATMs), private sectors banks continue to be on a wait-and-watch mode.
Airbus recently bagged large orders from Indian airlines such as Indigo and Go Air.
The change from wholesale to retail inflation as an anchor means that the weightage of diesel in inflation has decreased
RBI conducts interviews for first lateral hire for CGM post; deputy governors to head four distinct verticals.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances