Banking Sector

IKB posts lower-than-expected loss

Dusseldorf - Germany's IKB Industriebank AG, which has one of the nation's prominent casualties of the subprime crisis, reported Thursday a lower-than-expected loss as a tax benefit helped the gro

More banks hike lending, deposit rates

Housing Development and Finance Corp (HDFC) on Monday announced raising home loan rates for existing as well as new customers by much as 75 basis points (100 basis points=1%).

Reserve Bank of India, Bank of Japan inks BSA deal

The Reserve Bank of India and Bank of Japan have clinched a bilateral swap

Yes Bank raises Rs 364 crore from Rabobank

Private sector lender Yes Bank has informed that it has successfully raised Rs

Major Public Sector Banks Hike Lending, Deposit Rates

Following Reserve Bank of Indiahike in repo rates by Reserve Bank of India, the banks have sta

SBI & United Bank Raises PLR By 50bps

The country’s premiere Bank “State Bank of India” (SBI) on Thursday increased its Prime Lending Rate (PLR) by 50 bps following a hike in Repo rates and Cash Reserve Ratio (CRR).

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