New Delhi: Country's largest lender SBI on Tuesday raised fixed deposit rates on select maturities by up to 1 per cent, amid tight liquidity situation. Fixed deposits with maturity period of 7-90 days will earn eight per cent interest against existing seven per cent, State Bank of India (SBI) said in a statement. The new rates would be effective from Wednesday. Interest rates on 91-179 day and 181-240 day period...
07:30 PM, Mar 27, 2012
Mumbai: Finance Minister Pranab Mukherjee on Saturday said the government will provide adequate capital to the state-owned banks during the current fiscal, a move that will help them to meet the international solvency norms. "I would like to reassure, that I will provide adequate capital to the banks as and when necessary...there should be no apprehensions about bank recapitalisation," he said while speaking at the Canara Bank function in Mumbai....
08:05 PM, Nov 19, 2011
New Delhi: The Reserve Bank of India (RBI) on Tuesday deregulated savings deposit interest rate, the last administered bank rate in the economy, in a move which will push up cost of funds, sending bank shares sharply lower. "It is felt that the time is appropriate to move forward and complete the process of deregulation of rupee interest rates," Reserve Bank of India said in its second-quarter monetary policy review....
04:44 PM, Oct 25, 2011
New Delhi: The Reserve Bank of India (RBI) on Tuesday hiked short-term lending and borrowing rates for the eleventh time in the last 17 months. The repo rate has been hiked by 0.50 per cent to 8 per cent and the reverse repo rate has been hiked by 0.50 per cent to 7 per cent. The CRR remained unchanged at 6 per cent. The RBI rate hike will make the ...
08:01 PM, Jul 26, 2011
New Delhi: The Reserve Bank of India (RBI) on Tuesday hiked short-term lending and borrowing rates for the eleventh time in the last 17 months. The repo rate has been hiked by 0.50 per cent to 8 per cent and the reverse repo rate has been hiked by 0.50 per cent to 7 per cent. The CRR remained unchanged at 6 per cent. The RBI rate hike will make the...
08:01 PM, Jul 26, 2011
Finance Secretary Arun Ramanathan on Wednesday met private bankers. ...
10:06 PM, Nov 05, 2008
Now banks can borrow from RBI at eight per cent as against nine per cent. ...
09:59 PM, Oct 20, 2008
CNN IBN's cricket experts are impressed by the intent shown by Rajasthan Royals in their win against Pune Warriors India. ...
06:32 PM, May 22, 2008
For Amin, surviving the 7/11 blasts was just the beginning of the struggle. ...
03:19 PM, Jul 04, 2007
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