Vijaya Bank cuts term deposit interest rates by 0.25%
The reduction in deposit rates will be?applicable for term deposits of different slabs from 91 days?to above five years maturity, it said in a release.
The new deposit rates will be effective April 12, it said.
Apr 12, 2016, 16:00 PM IST
RBI intervenes via state-run banks to curb rupee's rise, traders say
The Reserve Bank of India has intervened aggressively to curb the rupee`s strength as it struck three-month highs, two traders said on Thursday, estimating that the central bank had bought around $1 billion since Wednesday.
Mar 31, 2016, 15:05 PM IST
India seeks $4 bn spending boost, almost half for state banks
State lenders account for more than 70 percent of all outstanding bank loans, and they are in need of support to meet Basel III regulatory requirements.
Jul 31, 2015, 16:25 PM IST
India allows seven state-run banks to raise capital from market
India has allowed seven state-run banks to raise capital from market as part of efforts to help them comply with global Basel III banking rules, a finance ministry statement said on Wednesday.
Mar 11, 2015, 18:07 PM IST
State banks may eye markets for cash if growth picks up
India`s state-owned lenders may turn to equity markets and other alternative sources of capital in order to compensate for a smaller cash injection from the government this year, a senior official said on Wednesday.
Mar 11, 2015, 18:04 PM IST
Govt considering plan to reduce stake to 52% in state banks
The government holds stakes ranging from 56 percent to 84 percent in the state-run banks that account for 70 percent of India`s total outstanding loans of about $1 trillion.
Nov 28, 2014, 12:03 PM IST
