Savers will now be able to fetch returns in line with the changes in the central bank’s policy rate at all times. As the repo rate climbs u...

This was catalysed by the mandated linking of the interest rates on new loans to certain sectors such as personal and micro, small and medi...

The stake purchase is aimed at strengthening the group's digital and new commerce initiatives.

The bank will charge additional spread/margin over the above mentioned rate in case of borrowers in specified situations where risk is asce...

The RBI has mandated all banks to link their loans with external benchmarks, such as repo, aimed at faster transmission of rate cuts effect...

"We have decided to adopt repo rate as the external benchmark for all floating rate loans for MSME, housing and retail loans effective Octo...

The new products will be available to borrowers from October 1 onwards.

The Reserve Bank through a notification in early September had advised banks to link all new floating rate for personal or retail loans and...

Formally lowered into the waters of the Bay of Bengal, the Floating Dock project was commissioned by the Defence ministry in May 2015 for a...

Officials said these new vessels would be made and procured from Indian ship and vessel making firms, hopefully, within this financial year.

In its monetary policy review RBI said all base rates will be linked to MCLR effective from 1 April.

One year lending rate of the bank is now 9.05% while the one month and three month rate is identical at 8.85%.

This investment will be used for setting up its third float glass plant and new magnetron coater plant at Sriperumbudur.

The value of listings on the London Stock Exchange jumped over 500 percent this year as the British economy started growing again.

Senior citizens, looking for assured returns, may be left in the lurch with the country’s largest lender, the State Bank of India, announci...

LIC Housing Finance on Tuesday announced a special rate of interest for customers opting for floating rate loans.

Oriental Bank of Commerce has increased the rate of interest on home loans by 50 basis points to 100 basis points (0.5-1 per cent).