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Business Today

The Reserve Bank of India (RBI) said micro-finance institutions (MFIs) cannot charge interest rate of more than 26 per cent.

 
 
Private sector Lakshmi Vilas Bank has reported a 10.4 per cent jump in net profits for the third quarter ending December 31, 2012 at Rs 31.30 crore.
Bank of Baroda has posted a 21.6 per cent dip in December quarter profit at Rs 1,011.62 crore, dented by a surge in bad assets.
Total income of the bank increased to Rs 10,506.51 crore for the quarter ended December 31, 2012, from Rs 8,622.64 crore in the corresponding period a year ago.
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