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US raises pressure for euro zone crisis action

US raises pressure for euro zone crisis action

The United States raised pressure on euro zone leaders to take decisive action to solve the region’s debt crisis, notably by lowering troubled members’ borrowing costs, on the eve of…

RBI maintains status quo on interest rates, focus back on inflation

RBI maintains status quo on interest rates, focus back on inflation

For the second consecutive time, Reserve Bank of India (RBI) Governor D Subbarao left key interest rates unchanged to fight inflation. The key lending (repo) rate, at which banks borrow…

RBI monetary policy review: SBI expects 0.5 percentage point cut in CRR

RBI monetary policy review: SBI expects 0.5 percentage point cut in CRR

State Bank of India (SBI) on Friday said it expects Reserve Bank to lower the mandatory cash reserve requirement of banks or CRR by 0.5 percentage point on July 31.…

HDFC Bank cuts base rate by 20 bps

HDFC Bank cuts base rate by 20 bps

HDFC Bank has decided to cut its benchmark lending rate by 0.2 per cent, making loans cheaper for borrowers. The base rate, or the minimum lending rate, of HDFC Bank…

No minimum balance required for SBI savings a/c

No minimum balance required for SBI savings a/c

In order to attract new customers, State Bank of India (SBI) has done away with minimum balance criteria for saving banks account . The bank will not levy any charge…

No minimum balance required for SBI savings a/c

No minimum balance required for SBI savings a/c

In order to attract new customers, State Bank of India (SBI) has done away with minimum balance criteria for saving banks account . The bank will not levy any charge…

Govt extends home loan subsidy scheme

Govt extends home loan subsidy scheme

The government on Wednesday extended by one year the 1 per cent interest subsidy scheme on housing loans of up to Rs 15 lakh, where the cost of the house…