This is because the loan has turned non-performing for most of the banks
Bank's managing director Aditya Puri says asset liability committee will decide by how much the rate should be cut
Persistent demand for dollar from banks & its strengthening in overseas markets have affected rupee
Excerpts from an interview with Rajeev Ahuja, head of strategy and financial markets
The base rate of Corporation Bank currently stands at 10.5%
Solution from Cisco is aimed at helping banks meet the govt's mandate for ATM network expansion across the country
The pvt sector bank already posted a growth of 68% in saving bank deposits at Rs 5,540 crore as on Jun 30
¿Rupee has stabilised on the back of the government¿s recent policy announcements¿
Varroc Group, RSB Transmissions in talks for PE funding
Four of the six firms have already secured series-A funding, while the other two are being piloted
RBI has taken a number of measures to boost liquidity