Banking Sector

Oriental Bank of Commerce hikes PLR by 50bps

Following the footsteps of leading lenders like the State bank of India and PNB, another Public sector lender Oriental Bank of Commerce (OBC) has increased its prime lending rate (PLR) by 50 basis

ICRA inks MoU with Vijaya Bank

Investment Information Credit Rating Agency ICRA Limited (ICRA) has ICRA inks MoU with Vijaya Bank

Merrill Lynch reports 9.7 billion dollars in writedowns

New York - Troubled investment bank Merrill Lynch, the country's third largest securities firm, late Thursday reported higher-than-expected second quarter losses, with writedowns of 9.7 billion do

OCBC bank revises exposure to US lenders

SingaporeOCBC Bank - Insurance funds run by a unit of Singapore's OC

Global banking group calls for improved risk management

Washington - A worldwide banking coalition on Thursday proposed reforms in how the international industry does business, in response to the global credit crisis that arose from the 2007 meltdown i

Bank jobs move to India angers New Zealand union

WellingtonANZ National Bank - The New Zealand financ

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