HDFC Bank Slashes MCLR Rates, Effective From Today
HDFC Bank, the country’s largest private sector bank, cut its marginal-cost based lending rate (MCLR) on loans for all tenors by 10 basis points (bps)....
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HDFC Bank Slashes MCLR Rates, Effective From Today
HDFC Bank has cut its MCLR rates across tenors with effect from today. If your floating rate home loan is linked to MCLR or marginal cost...
Govinda Rajulu Chintala Appointed as Chairman of Nabard
The government has appointed Govinda Rajulu Chintala as chairman of National Bank for Agriculture and Rural Development, an official communication said. Chintala is currently chief...
Sensex Hits Fresh Record High Led by Banking and IT Stocks
Sensex hit a record high of 41,185.03 points, and at 9.30 am it was 0.24 per cent higher at 41,108.48 points. Nifty climbed 0.3 per...
New Bank Timings in Maharashtra from Today
The timings of all public sector banks have been changed in Mumbai and the rest of Maharashtra from today, to improve convenience and ease of...
Merger PSU Banks Unlikely to Revive Credit Flow
The merger of Public Sector Banks (PSBs) into four entities is unlikely to revive credit growth or have meaningful cost synergies, said a report by Credit Suisse....
Canara Bank Introduces OTP Facility for ATM Cash Withdrawal
The Public sector Canara Bank plans to launch India’s first OTP facility for cash withdrawals. The OTP facility will on cash withdrawals of Rs 10,000...
IDFC First Bank Offers Interest Rate on 2-year FD
Private sector lender IDFC First Bank gives interest ranging from 7% to 8.5% on deposits maturing in 1 year to 10 years. Meanwhile, senior citizens...
Allahabad Bank Dips 2%, PSU Bank Shares Slips
In Thursday morning session, shares of various PSU banks were trading in red with losses; were shares of Allahabad Bank were down by 1.84 per...
Canara Bank Looks to Raise Rs 1,500 Crores Through Bonds
On Wednesday, the state-owned Canara Bank said it would raise funds for business growth. The supposed option is proposed to be the bonds to raise...