Jun 17, 2015 at 19:13 | Source: PTI
The base rate of the bank is 9.70 percent with effect from June 15, HDFC Bank said on its website. Prior to the cut, the base rate of the country's second largest private sector lender was 9.85 percent.
Jun 17, 2015 at 17:12 | Source: PTI
The base rate is 10.10 percent and will be reduced to 9.95 percent with effect from June 18, 2015, the bank said in a filing to BSE on Wednesday.
Jun 12, 2015 at 20:28 | Source: PTI
The capital assessment meeting was attended by Minister of State for Finance, Jayant Sinha, and Financial Services Secretary Hasmukh Adhia from the Finance Ministry side.
Jun 11, 2015 at 15:32 | Source: CNBC-TV18
Ashish Chaturmohta, Head-Technicals and Derivative Research at Fortune Group recommends shorting IndusInd Bank and Allahabad Bank.
Jun 11, 2015 at 13:58 | Source: CNBC-TV18
Watch the interview of Ashish Chaturmohta, Head-Technicals and Derivative Research at Fortune Group with Reema Tendulkar & Mangalam Maloo on CNBC-TV18, in which he shared his readings and outlook the market, specific stocks and sectors.
Jun 09, 2015 at 21:43 | Source: PTI
On the other hand, IDBI Bank has reduced interest rate on fixed deposits on various maturities by up to 0.55 percent effective tomorrow. United Bank of India in a statement said that it has reduced its base rate or minimum lending rate from 10 percent to 9.90 percent with effect from June 19.
Jun 09, 2015 at 15:09 | Source: CNBC-TV18
Manas Jaiswal of manasjaiswal.com recommends selling Kotak Mahindra Bank and Allahabad Bank.
Jun 08, 2015 at 18:04 | Source: PTI
Soon after RBI's second bi-monthly policy review for 2015-16 on June 2, a number of banks, including largest public sector lender SBI, have cut the minimum lending rates. Also, several banks have cut the rates of interest they offer to customers for keeping their deposits.
Jun 03, 2015 at 14:54 | Source: PTI
As part of its second bi-monthly monetary policy review, RBI cut the repo rate (short-term lending rate) from 7.5 percent to 7.25, but left other policy tools like cash reserve ratio unchanged at 4 percent and Statutory Liquidity Ratio (SLR) at 21.5 percent .
Jun 02, 2015 at 17:38 | Source: CNBC-TV18
Base rate is the minimum rate the RBI charges while lending to its customers and the minimum interest rate of a bank below which it cannot lend, except in cases allowed by the central bank.