Advisor to do mystery shopping, suggest ways to improve services
The loan is up to a period of seven years
They are demanding early wage revision and protesting against banking reforms
SLBC concerned over higher NPA at 4.74%, low bank credit linkages
It has been decided to urge upon IBA and the govt to resume talks with a better and reasonable offer of wage increase
Bank's shares were trading at Rs 62.50 apiece on BSE, up 2.80% in the afternoon trade
Inflation data showed CPI at 11.24%, WPI at 14-month high
Part of a focus on retail advances, as corporate demand remains subdued; could reverse if RBI raises repo next month
This year saw RBI looking at plugging loopholes in the regulatory system ahead of the entry of new banks.
Introduces a 'special scheme' that offer loans up to Rs 75 lakh at 10.25% and for loans above Rs 75 lakh at 10.50%
Gopalakrishna, Gandhi, Vijaya Bhaskar in frontrunners
Various lenders, including public sector banks, have exposures of as much as Rs 25,000 cr to the sector
Under RBI norms, no company or bank could offer an interest rate of more than 12.50% per annum
The bank issued 2,500 bonds with a face value of Rs 10 lakh each to augment its Tier-II capital under Basel-III norms
But says if it doesnot get the licence it will take steps to increase it back to 74%
SBI, which is country's largest public sector lender, keeps its rate lower by 10 bps
Oriental, Dena Bank put stressed assets worth Rs 1,200 cr on block, as part of a rising trend; expected to gain momentum in the coming year