Shifting to floating rate deposits can work as an anaesthetic gel for some customers, points out Tamal Bandyopadhyay. IMAGE: The scene inside a bank. Kindly note the image has been posted only for......
Loans from premier public sector lender, State Bank of India, will be cheaper with the bank deciding to cut its prime lending rateby 0.75 per cent from Monday.Accordingly SBI's PLR will stand......
The bank will give 3.25 per cent interest on savings bank deposits with a balance exceeding Rs 100,000. At present, the interest rate is 3.5 per cent. Savings bank account holders in SBI having......
The cost of working capital has not come down for Indian companies, as banks have not passed the benefit of reduction in the key rates. The Reserve Bank of India has cut the repo rate (at which it......
Currently, banks follow system of internal benchmarks, including Prime Lending Rate, Benchmark Prime Lending Rate, Base rate and Marginal Cost of Funds based Lending Rate. Illustration: Uttam......