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Punjab National Bank cuts base rate by 25 basis points       31st-Jan-2013
State-run lender Punjab National Bank on Thursday said it would cut its base rate by 25 basis points to 10.25 percent from February 9.
Union Bank to get Rs 2,500 cr capital infusion       30th-Jan-2013
State-owned Union Bank of India today said it will get a capital infusion of Rs 2,500 crore as part of the government's plan to recapitalise the public sector banks.
State Bank of India cuts base rate by 5 basis points       30th-Jan-2013
State Bank of India, the country's top lender, has cut its key lending rate, or base rate, by 5 basis points, R. Venkatachalam, deputy managing director at the bank, told Reuters on Wednesday.
Central Bank of India to get capital support of Rs 2,406 cr       30th-Jan-2013
State-owned Central Bank of India today said it proposes to raise Rs 2,406 crore by issuing preference shares to the government.
Ahead of industry in realising bad assets: SBI          30th-Jan-2013
SBI chairman Pratip Chaudhuri speaking to CNBC-TV18 hinted customers could expect a base rate cut, reduction in some spreads or maybe a combination of both.
Banks to cut lending rates after repo rate cut: IBA head       29th-Jan-2013
Indian banks will cut lending rates after the central bank reduced its key interest rate by 25 basis points on Tuesday, the head of industry body Indian Banks' Association, K R Kamath, said in a post-policy conference.
RBI credit policy: Cut in rates may not dilute level of NPLs, say bankers         29th-Jan-2013
A Krishna Kumar, MD, State Bank of India and N Seshadri, ED, Bank of India, while reacting to the RBI's 25-bps cut in CRR and repo rates on CNBC-TV18, explain that though the rate-cut would lead to lower interest rates to the consumer, it would do little
RBI cuts policy rates by 0.25% to perk up growth       29th-Jan-2013
Shedding its 9-month long hawkish monetary policy stance, the Reserve Bank today slashed its key interest rates by 0.25 per cent and released Rs 18,000 crore additional liquidity into the system to perk up growth through reduced cost of borrowing.
Foreign capital flows help to contain CAD: RBI       28th-Jan-2013
The overseas capital inflows are helping to contain the expanding current account deficit (CAD). India's CAD-GDP ratio reached a historical high at 5.4% on the back of decelerated growth in net export of services and higher outflows under primary income.
RBI lowers GDP growth forecast, rate cut hopes dim       28th-Jan-2013
While markets are confident of a low-interest rate regime, RBI continues to tread cautiously at every step. In its macroeconomic report for third quarter, the central bank mentioned about calibrated measures in managing country's monetary policy. It revised
RBI, state govts to take final call on SEB loans: Experts         24th-Jan-2013
The Reserve Bank of India (RBI) on Thursday confirmed that they have asked banks to have a relook into the loans that they had restructured after negotiating with various power distribution companies (discoms).
Allahabad Bank to offload NPAs worth Rs 540 cr       22nd-Jan-2013
Allahabad Bank, Kolkata-based public sector lender today said it is in the process of implementing a three-pronged strategy to rein in the NPAs, which had dented its net profit in the second quarter in the current fiscal.
SBI expects profit of Rs 14,000-15,000 cr in FY13       22nd-Jan-2013
State Bank of India expects a net profit of up to Rs 15,000 crore in this fiscal, against Rs 11,700 crore in the last financial year.
SBI pitches for cut in repo rate, CRR       22nd-Jan-2013
Pitching for a cut in interest rates and cash reserve ratio by the Reserve Bank, SBI Chairman Pratip Chaudhuri today said the move will boost investment and growth.
CBI files chargesheet against UCO bank officials       18th-Jan-2013
The CBI has filed a charge-sheet against two senior officials of UCO Bank for alleged cheating in granting cash credit limit to a private company and other individuals thereby causing a loss of Rs 2.5 crore to the bank.

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