Banking Sector

Slovak central bank leaves lending rates steady

Bratislava  - Slovakia's central bank kept its key interest rate steady Tuesday, leaving it just above eurozone levels as the ex- communist nation prepares to adopt the euro on January 1.

The benchmark two-week repo rate stayed at 4.25 per cent, its level since April 2007. The European Central Bank's key lending rate is 4 per cent.

Slovakia is awaiting formal approval by EU governments to become the eurozone's 16th member and the first from the former Soviet bloc.

The ECB this month cleared Slovakia to use the euro but expressed concern that authorities keep inflation under control, making it difficult to trim interest rates for now.

SBI increases interest rates on deposits by 25-50 bps

BoB To Open 7 More Units In Karnataka

Bank of Baroda has decided to open 7 more units in Karnataka in the Bank Of Barodar

Federal Bank Yearly Net Up 25.73% At Rs 368.05 Cr

Kerala-based Federal Bank Ltd has announced the results for the year and Mr. M Venugopalan, Federal Bank Ltd Chairman

World Bank, IMF responsible for food, fuel crisis: India

World Bank, IMF responsible for food, fuel crisis: India

SBI resumes farm implements loans

Mumbai, May 21 : The State Bank of India on Wednesday went back on its decision to halt loans for purchasing farm implements, after severe criticism from political parties as well as farmers.

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