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OBC likely to cut deposit rates by 50 bps

March 30, 2009 3:52:40 pm

Public sector lender Oriental Bank of Commerce may cut interest rates for deposits of one year by 50 basis points on Tuesday.

OBC to slash PLR by 50 bps from next month

March 27, 2009 3:07:01 pm

Oriental Bank of Commerce said it will reduce its benchmark prime lending rate by 50 basis points to 12 per cent,with effect from April 1.

Not much scope to slash lending rates now: PNB

March 27, 2009 2:35:22 pm

Punjab National Bank,the country's second largest state-run lender,said there is no further scope for the banks to slash their lending rates.

Hyundai and Bank of India enter into MOU for car loans

March 27, 2009 9:22:50 am

HMIL in a bid to enhance financing options for its customers,signed a Memorandum of Understanding (MOU) with Bank of India.

Allahabad Bank closes perpetual bond sale

March 26, 2009 10:36:25 am

Allahabad Bank closed its sale of perpetual bonds earlier than scheduled after collecting extra bids,the bank said on Thursday.

Indian Bank opens new branch in Vijayawada

March 24, 2009 4:10:26 pm

Indian Bank on Tuesday opened a new branch at Gannavaram town about 15 km from Vijayawada.

RBI annual policy review on April 21

March 20, 2009 12:48:23 pm

The Reserve Bank of India will release its annual monetary policy statement for the 2009/10 fiscal year (April/March) on April 21.

Tata Motors ties up with Indian Bank for retail finance

March 19, 2009 1:24:16 pm

Tata Motors,on Thursday said it has tied up with public sector lender Indian Bank for providing financing facilities.

Tata Motors ties up with Andhra Bank

March 18, 2009 1:06:06 pm

Auto maker Tata Motors on Wednesday said it has tied up with public-sector lender Andhra Bank for providing retail finance facilities to its passenger vehicle customers.

PNB introduces CBS in its regional rural arm

March 17, 2009 12:38:21 pm

Haryana Gramin Bank,sponsored by state-run lender PNB,has introduced Centralised Banking Solution.

IDBI,Federal Bank invests Rs 2.5 bn in insurance venture

March 17, 2009 12:06:31 pm

IDBI Bank,Federal Bank and Fortis Insurance International have together invested 2.5 billion rupees in its life insurance venture to expand business.

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