India's biggest lender, State Bank of India, said on Saturday it has cut its benchmark prime lending rate, the interest rate that commercial banks normally charge, by 25 basis points to 14.50 per cent

The Reserve Bank of India (RBI) Governor Duvvuri Subbarao has a penchant for springing surprises.

He often opts for the unexpected when it comes to monetary policy reviews, recently disappointing tho

Country's largest bank SBI on Wednesday announced reduction in interest rate on fixed deposits by 0.5 per cent for most of the maturity periods, a move likely to be followed by other lenders.

How

A top RBI official on Monday snubbed SBI chairman Pratip K. Chaudhuri for his remarks suggesting abolition of Cash Reserve Ratio, bluntly telling him that he has to find 'some other place' if he co

Unions at Indian banks representing about one million employees have called for a nationwide two-day strike beginning on Wednesday to protest against reform proposals that would ease mergers and allow

In a bid to revive investment across the board, Finance Minister P. Chidambaram on Saturday asked banks to cut interest rates and keep EMIs at affordable levels to encourage sale of consumer durabl

The country's largest lender State Bank of India (SBI) is hopeful of maintaining its impressive performance on the treasury income front in the second quarter as well, a top bank official said.

UBS downgraded State Bank of India to 'sell' from 'buy', saying a weak monsoon would add to its 'already high' non-performing loans while expecting margins to decline due to rising cost of funds and p

State Bank of India (SBI) on Thursday lowered interest rates on domestic term deposits of maturity of five years and more by 0.25 per cent to 8.50 per cent.

"The bank has decided to revise downwar

Essar Oil on Monday said it tied up a new credit facility from a consortium of 12 domestic banks to provide a credit line of up to Rs 5,000 crore to meet its sales tax liability of Rs 6,300 crore.