Canara Bank, the Bangalore-based public sector bank, has slashed interest rates on vehicle loans and home loans, which will be effective for all loans taken after August 1, 2009.
Asks lenders to make sure that end use of advances to commercial real estate.
Recent tribunal rulings open prospects of large haircuts and barriers to auctioning of personal guarantees, among other issues
'By March-end, we should have closure of the PNC portfolio. After completion of PNC acquisition.'
ICICI Bank on Monday jacked up auto loans by up to 0.75 per cent even before the RBI decided to increase statutory deposits last week as a part of inflation controlling measure.
The crisis in Indian banking has now reached a point where the NPAs of many public-sector banks are higher than their net worth
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