banking News, Indian banking Latest News update, Indian Banks, Lending Rates, Banks Interest Rates
Business Today
Banking

Expanding its footprint in Tier-III, IV and V, with an objective to tap semi-urban and rural population in under banked areas, the bank opened its first such branch at Bhojpur in Punjab.

 
 
There were clearly worried lot of people at the Annual Microfinance Summit, that took off at the Ashoka Hotel on Monday - November 15.
The bank has revised the base rate for lending from 7.75 per cent to 8.25 per cent with effect from November 8, it said in a filing to the Bombay Stock Exchange.
The bank has revised base rate upwards by 25 basis points, from 7.75 per cent to 8 per cent, with effect from November 1, it said in a statement to the BSE.
 
 
RBI had earlier this month raised key rates at which it lends and borrows short-term capital from commercial banks by 25 basis points, in its bid to tame inflation.
The bank's Chiarman and Managing Director K R Kamath also said deposits were not growing in tune of credits and the money was being utilised in other instruments.
Though Anand Sinha, an Executive Director at the central bank, was late last month selected as the successor to Usha Thorat, he is yet to get orders to assume office.
In the second part of the series on investor psychology, we consider why herd behaviour can make you lose, rather than gain, money.
Venture capital is not the only option if you are seeking funds for the early stages of your start-up. Try a simpler route-seed funding.

The Finance Minister says huge FII inflow reflects foreigners confidence and is not a matter of concern since the rupee appreciation is not abnormal.

Advertisement