Banking Sector

PSU Banks Cut Lending Rates Again

The major public sector banks including State Bank of India (SBI) and Bank of India (BoI) are doing robust efforts to attract more and more customers. They have slashed their lending rates for the second time this month by 25 basis points.

Canara Bank has also announced a fresh cut of similar proportion.

Mr. M B N Rao, chairman and managing director Canara Bank said that the reduction in lending rates will enable them to rationalize their deposit cost structure.

Canara's BPLR now stands at 12.75% and SBI’s at 12.25%.

This second reduction on the BPLR coupled with the downward revision done on February 11, has inflicted further substantially the lending rates in the retail sectors such as housing, personal, vehicle and educational loans.

SBI cuts prime lending rate by 0.25 percent

SBI cuts prime lending rate by 0.25 percentNew Delhi, Feb 11 : The St

HDFC Bank allots shares under ESOS

HDFC cuts prime lending rate by 25 basis pts; Stock gains 5%

Country's premier housing finance company, Housing Development Finance Corp. Ltd (HDFC) has decided to cut its retail prime lending rate, by 25 basis points to 13.75%.

SBI to raise 16736 crore; Rights Issue price fixed at Rs. 1590

MEBROOT-VIRUS becomes the latest threat to Online Banking Users

Security experts have warned worldwide internet users to be alert against a new stealthy virus that can steals login details for online bank accounts.