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Standard Chartered Bank – Latest Banking Sector Crack.

Standard Chartered Bank – Latest Banking Sector Crack.

Standard Chartered Bank is the third British bank to be ensnared in U.S. law-enforcement probes this summer. Barclays Bank agreed to pay $453 million to settle U.S. and UK probes…

RBI slashes CRR by 0.25 per cent amid high inflation

RBI slashes CRR by 0.25 per cent amid high inflation

The Reserve Bank of India (RBI) in its quarterly monetary policy review on Monday announced a 0.25 per cent cut in Cash Reserve Ratio (CRR). CRR is the amount of…

RBI hints at holding rates, says inflation top priority

RBI hints at holding rates, says inflation top priority

Ahead of the mid-quarter review of the monetary policy on Monday, senior-most Reserve Bank deputy governor K C Chakrabarty on Friday said the top priority is to keep inflation under…

ICICI, HDFC Bank revise FD rates

ICICI, HDFC Bank revise FD rates

Country’s two largest private sector banks ICICI Bank and HDFC Bank on Wednesday revised interest rates on fixed deposits by up to 0.50 per cent each, a week after State…

Jobless GDP growth coming: Ficci survey

Jobless GDP growth coming: Ficci survey

India Inc’s business confidence has fallen sharply and it foresees jobless, slow economic growth in the current fiscal, according to a survey by industry body Ficci. Half the respondents in…

Liquidity position comfortable: RBI

Liquidity position comfortable: RBI

The Reserve Bank of India (RBI) has said the liquidity situation currently is comfortable and indicated that monetary policy action in the mid-quarterly review next week would depend on latest…

Infosys to buy Lodestone in $349 million deal

Infosys to buy Lodestone in $349 million deal

Infosys has agreed to buy Zurich-based Lodestone Holding AG in a deal valued at 330 million Swiss francs. The acquisition may take Infosys a step closer to its goal of…

Cash rates edge down on subdued demand

Cash rates edge down on subdued demand

Cash rates edge down to 7.60/7.70 per cent versus its previous close of 7.95/8.00 per cent as demand remains low on the last day of the reporting fortnight with most…

IDBI Bank, OBC cut home loans rates

IDBI Bank, OBC cut home loans rates

Two public sector banks, IDBI Bank and Oriental Bank of Commerce, on Thursday reduced interest rate on home loans by up to 0.25 per cent. “While the floating interest rates…

Banks take Chidamabaram’s call on rate cut

Banks take Chidamabaram’s call on rate cut

Leading public sector banks have pared down retail lending rates on home and auto loans in a move aimed at boosting demand and spur growth. Prodded by finance minister P.…