Banks see credit demand revival

Enthused by signs of a strong economic recovery, bankssaid on Monday they expect a credit growth of 20-22 per cent in FY 11 and would wait for further policy cues prior to taking a call on hiking......

Banks' base rate effective from July 1: RBI

Acceding to the demand of banks, the Reserve Bank of India on Friday deferred the date of implementation of the proposed base rate model to July 1 and also exempted three category of loans from the......

Bank staff get 17.5% wage hike, pension benefit

Banks and unions today settled on a 17.5 per cent hike in the salary of 702,000 public sector employees, besides agreeing to make 332,000 serving and retired employees eligible for pension. State......

SBI to hire 27,000; to open 1,000 branches

State Bank of India plans to hire more than 27,000 people this year to fill its vacancies across different divisions, a top official said. "This year we have plans to recruit 20,000-22,000 people......