Moneycontrol PRO

you are here: HomeNewsBusinessEarningsCorporation Bank aims to raise base rates by another 50bps

SHOW NAMES

Trending Topics

SBI Q1 Results Manappuram Finance Q1 Results Tata Motors Q1 results Titan Q1 Preview SBI Q1 Preview

business

Corporation Bank aims to raise base rates by another 50bps

Ramnath Pradip, CMD of the bank, in an interview with CNBC-TV18, said the recent key policy rate hike by the Reserve Bank of India (RBI) has left us with no option but to pass on the costs to consumers. "We are looking to raise rates by approximately another 50 basis points (bps)."

first published: Jul 28, 2011 03:18 pm

LATEST VIDEOS

A collection of the most-viewed Moneycontrol videos.

Watch and Follow our leading shows

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347