The cost of deposits is on the rise, but banks can't raise interest rate on close to 60% of their loan books, points out Tamal Bandyopadhyay. Illustration: Uttam Ghosh/Rediff.com The earnings......
The debate on the merits or otherwise of external benchmarks also does not answer a fundamental question raised by Viral Acharya, the former deputy governor of RBI: “The issue is - who should......
State-run IDBI Bank expects interest rates, both on deposits and advances, to increase from the third quarter of the current financial year. Huge government borrowings along with expected demand......
Bank of Indiaannounced on Monday a 75 basis point (bps) cut in its benchmark prime lending rates. With this reduction, the banks BPLR will fall to 12.50 per cent from January 1. The bank has also......
Banks look set to increase lending rates with the Reserve Bank of India today unveiling a two-pronged "painful" correction process to tame inflation. In a late Tuesday evening development, RBI......