SBI chairman says successive interest rate cuts by central bank have failed to contain inflation
At present, the base rate of SBI stands at 9.75%
RBI decided to hold repo rates on Tuesday
CRR cut 25 bps, FM says govt will walk alone to face the growth-inflation challenge
Fresh month-end dollar demand from importers, mainly oil companies, affected the rupee's value
Makes three senior level appointments
Gross NPAs for Ahmedabad circle stand at around 1.2%
Lender grabs arbitrage window as banks fix higher pricing
Usually, during the kharif monsoon season, farmers mortgage gold jewellery to buy high-quality seeds and fertilisers, repaying the loans after the harvest
Higher voting rights will be good for investors as it will help banks raise capital from them
Term deposits of 46-90 days will attract 0.5% lesser interest rate of 7% from existing rate of 7.5%.
Capital adequacy is a challenge, especially with the Basel III norms coming in place, the bank says
Steady euro against dollar and higher opening in domestic equity mkt support rupee
US holiday, Bernake's speech didn't have any clear message on any policy matters so rupee remained unchanged