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In December last year, Canara Bank had said it proposes to bring down stake in its housing finance subsidiary CanFin Homes to 30 per cent.

Canara Bank cuts interest rate on savings bank accounts

Canara Bank said customers maintaining savings bank balance up to Rs 50 lakh will get 3.5 per cent.

1 Sep 2017 11:30 AM GMT

Dena Bank stock traded 1.59 per cent down at Rs 30.85 on BSE.

Union Bank, Dena Bank reduce MCLR rates

New one-year MCLR has been set at 8.20 per cent as against 8.40 per cent earlier.

1 Sep 2017 9:16 AM GMT

Domestic investors were reluctant to expand their portfolios ahead of the RBIs monetary policy review, brokers said.

RBI's MPC highlights inflation spike risk, signal rate hikes

India's retail inflation rose to 3.77 per cent in September from 3.69 per cent in August.

20 Oct 2018 5:46 AM GMT

Rupee on Monday made a strong comeback from its life-time low of 70.15 against the dollar and ended with a stellar 33 paise gain at 69.82 on heavy dollar unwinding and a robust rally in domestic equities. (Representational image)

Govt hikes GPF interest rate to 8 per cent for Oct-Dec quarter

Interest rate would apply on Provident Funds of central govt employees, railways and defence forces.

16 Oct 2018 10:32 AM GMT

Urjit Patel, governor, RBI

Reserve Bank of India keeps key policy rate unchanged at 6.50 pc

RBI in its monetary policy meet in August had decided to hike the key interest rates from 6.25 pc to 6.50 pc.

5 Oct 2018 9:14 AM GMT

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI seen raising rates again as rupee slide accelerates

A rate hike should make domestic yields on debt more attractive for foreign investors.

5 Oct 2018 5:11 AM GMT

The SBI has announced the launch of its UK subsidiary, SBI (UK) Limited, with an initial capital commitment of 225 million pounds from its parent entity.

SBI raises deposit rates by up to 10 bps

The new rates ranging from 5 to 10 bps are applicable for deposits below Rs 1 crore and are effective immediately.

29 Nov 2018 6:39 AM GMT

Global ratings agency Fitch on Monday said it is doubtful about the strength of corporate governance at ICICI Bank, amid allegations of impropriety against its MD and Chief Executive Officer Chanda Kochhar.

ICICI Bank ups retail term deposit rates by up to 0.25 pc

The bank will offer 7.50 per cent interest on deposits under Rs 1 crore for a tenor of above two years up to three...

14 Nov 2018 12:12 PM GMT

Visiting Venezuelan Foreign Minister Jorge Arreaza said in New Delhi on Monday that Venezuela wants trade with India in oil and other commodities such as food and medicines to be conducted in Indian Rupees and not in US Dollars. (Representational image)

FD rates up, smaller lenders offer 8.50 per cent

HDFC Bank, Punjab National Bank (PNB) and Canara Bank revised their interest rates recently.

13 Nov 2018 7:08 AM GMT

HDFC Bank is Indias second largest private sector bank. (Photo: YouTube)

HDFC Bank hikes deposit rates; BoB raises lending rate

HDFC Bank raised interest rates on deposits by up to 0.5 pc, while Bank of Baroda hiked lending rates by 0.1 pc.

7 Nov 2018 5:13 AM GMT

The two unlisted associate banks which will be merged with SBI are State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH).

SBI hikes bulk deposit rates for second time in 2 months

For tenors from two years to up to 10 years, the rates have been revised upwards to 6 per cent from 5.25 per cent...

31 Jan 2018 5:23 AM GMT

The RBI has always said monetary policy should be accompanied by fiscal policy if the wheels of the economy are to be greased. (Photo: PTI)

Bonds fall after RBI deputy says banks face high interest rate risk

Benchmark 10-year bond yield was at 7.54 per cent, up 10 basis points on the day.

16 Jan 2018 7:09 AM GMT