The shareholders of Manipal-headquartered public sector lender, Syndicate Bank, have elected three new directors to the board of the bank as their representatives other than the Central government.

Syndicate Bank gets 3 new directors

Business Standard

The decrease in BPLR will be applicable to all outstanding and fresh credit facilities linked with BPLR, the bank said in a release.

NEWSALERT: Syndicate Bank cuts BPLR by 50 bps

Kolkata-based UCO Bank is planning to cut interest rate on deposits by 50-100 basis points across different maturities by next month.

UCO Bank may cut interest rate on deposits next month

State Bank of India, the country's largest lender, plans to be a dominant foreign bank in selected nations, including Mauritius.

SBI aims to become dominant bank in Mauritius

Press Trust of India

State Bank of India (SBI) today said that it will launch a 'Dealers Accounts Drive' from July 1, lasting over the next six months, wherein inventory funding for dealers would be offered at a reduced interest rate.

SBI launches special campaign for dealers

Public sector lender, UCO Bank, is mulling a follow-on public offer (FPO), which will reduce government holding in the bank from 64 per cent at present to 52 per cent.

UCO Bank eyes FPO to reduce government holding

Public sector UCO Bank is considering a follow-on public offer (FPO) that will result in government holding in the bank falling from around 64 per cent to 52 per cent.

UCO Bank plans follow-on offer to raise Rs 500-600 cr

Private lender Bank of Rajasthan (BoR) plans to raise up to Rs 250 crore by issuing equity shares at a premium to institutional investors to meet Basel-II adequacy norms and also reduce promoter&rsquo;s holding.

BoR to raise up to Rs 250 cr via QIP

Kingfisher pays 37 per cent higher premium; Air India defers renewal.

Indian carriers take Air France crash hit

The Reserve Bank of India (RBI) has asked all primary urban cooperative banks (UCBs) in the country to ensure more than the prescribed provision for non-performing assets (NPAs).

RBI asks UCBs to provide more for NPAs

The Indian rupee today appreciated by 23 paise to a two-week high against the $ in early trade on expectations of increased capital inflows by foreign funds following firm Asian stock markets.

Re rises by 23 paise against $

State Bank of Hyderabad has reduced benchmark prime lending rate by 50 basis points from 12.75 per cent to 12.25 per cent.

NEWSALERT: SBH reduces lending rate to 12.25%

Private sector lender Dhanalakshmi Bank today said it has reduced interest on its deposits by up to 1 per cent across various slabs.

Dhanalakshmi Bank reduces deposit rates

Syndicate Bank has revised the rate of interest on domestic deposits of less than Rs 1 crore with effect from June 24, a release said.

Syndicate Bank revises interest rate on domestic deposits

Country's second-largest public sector lender Punjab National Bank (PNB) today said it has appointed S Ranganathan as the managing director of the bank's primary dealership arm PNB Gilts.

PNB appoints Ranganathan as MD of PNB Gilts

LIC Housing Finance, today announced a reduction in interest rates for its existing home loan borrowers.

LIC Housing Finance cuts interest rates for existing borrowers

While SBI Easy Home is for loans up to Rs 30-lakh, SBI Advantage Home is for home buyers in the premium segment above Rs 30-lakh, a press release issued here said.

SBI launches new home loan products

Corporation Bank is expecting a lower credit growth of 20 per cent during the current financial year, bank's Chairman and Managing Director J M Garg said.

Corporation Bank expects lower credit offtake

Britain's state-controlled Lloyds Banking Group said today it would cut 2,100 more jobs over the next three years as the embattled company seeks to streamline its operations.

British bank Lloyds to cut 2,100 more jobs

Earlier in June 2008, the RBI has allowed the exporters to bring in the proceeds within one year against six months.

RBI extends repatriation of proceeds for exporters for 1 yr

Around nine lakh bank employees will go on strike from June 12 in support of their demand for wage revision.

Bank employees to go on strike from June 12

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