The rupee closed at 59.90 in Wednesday's trade, gaining just one paisa from its previous close.
Borrowers who were hoping for lower interest rates on their home or car loans might be in for some disappointment.
Many PSBs are in the process of rationalisation of ATMs
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The partially convertible rupee closed at 63.37/38 per dollar compared with 62.83/84 on Monday. The unit dropped 0.85 per cent on the day, its biggest single-day fall in two weeks.
Over 25,600 cases of banking fraud reported up to December 21, 2017, says Minister RS Prasad.
SBI remains a favourite of most brokerages in the PSB segment.
A mix of industrialists and businessmen, who have inherited riches or rose from humble backgrounds and even endured boom and bust cycles, the top five MPs are illustrative of how the political stock of the wealthy is increasing rapidly.
India discard Virender Sehwag scored a breezy 48 off just 20 balls as CAG (Comptroller &Auditor General of India) were involved in a tie with Mumbai Customs, in a concluding Group C league match of the Rs 12 lakh tenth All India Dr D.Y. Patil T20 Cup, organised by the D.Y Patil Sports Academy, under the auspices of the Mumbai Cricket Association, at the D Y Patil Stadium, in Nerul, Mumbai, on Wednesday.
Left-arm spinner Akshay Darekar is confident that he and his teammates would rise to the occasion, against Karnataka in the Ranji Trophy final.
Government to infuse funds in cash-strapped banks.
Chidambaram on Monday sought to soothe nerves about its external finances by promising to contain the current account deficit at 3.8 percent of gross domestic product this fiscal year with a slew of measures including easing rules for raising loans abroad.
Since January this year, RBI has cut the repo rate - at which it lends to commercial banks -- to a gross of 1.25 per cent.
Existing and new customers will find it easier to manage or raise loans as banks start cutting rates.
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.
Union Bank of India, Canara Bank, Andhra Bank, Saraswat Co-operative Bank and YES Bank have come together to allow inter-bank fund transfers through debit cards.
Banks have not cut rates yet as March is typically a busy season.
Only three of India's 45 commercial banks have cut base lending rates since the Reserve Bank of India's surprise easing this month, hurting the government's drive to lift business investment.
Hawkish tone likely to guard rupee from further slide
Cases across the country against defaulters who owe over Rs 1 crore each, reveal CIBIL data.
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With new private banks in the play, the going could become more difficult for the old-school state-run banks, already losing business and market position, forcing them to think hard towards consolidating and forming larger entities to garner big-ticket deals.
India's five leading wilful defaulters are Winsome Diamonds & Jewellery Ltd and associate Forever Precious Jewellery & Diamonds, Zoom Developers, Kingfisher Airlines, Beta Naphthol and Raza Textiles
'From the beginning (I have told her) "Whatever it may be -- you are losing or winning -- on the ground you're not going to cry!" She never cried.' '"I don't want you to project that you are a loser. You are a winner".' Vaihayasi Pande Daniel/Rediff.com speaks to Leela Raj about her famous daughter, now in the West Indies for the women's T20 World Cup.
Hyderabad-based Andhra Bank is aiming to get a significant proportion of the state government's business, to boost its share of low-cost deposits
The idea was that despite some defaults the high rates would assure good profits.
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