February 12, 2013
Priority sector lending to minorities crosses 15 percent mark
Lending by public sector banks to minorities has increased to more than 15 percent of the total priority sector lending, an official statement said Tuesday.
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lending
June 27, 2012
UCO Bank to focus on SME sector
UCO Bank is focusing on lending to retail, SME and farm sectors as the capital-to-risk weightage was lower in these categories, the bank's chairman and managing director Arun Kaul said.
June 19, 2012
India Inc disappointed over RBI keeping key lending rates intact
Indian industry expressed disappointment over the Reserve Bank of India's (RBI) decision to keep key lending rates unchanged to control inflation while the economy is facing a slow-down. "CII (Confederation of Indian Industry) and industry are disappointed by the monetary stance taken by the RBI in a policy announcement," said CII Director General Chandrajit Banerjee.
June 18, 2012
RBI keeps key lending rates unchanged
The Reserve Bank of India (RBI) has kept key lending rates unchanged. The re-purchase rate remains unchanged at eight percent, which automatically keeps the reverse re-purchase rate at seven percent.
May 30, 2012
SBI considers lowering lending rates for SMEs
India's largest government-owned lender, State Bank of India (SBI) plans to reduce its lending rates for small and medium enterprises (SMEs) from June onwards so as to win them back to its fold, said its chairman. Speaking to reporters in Chennai, SBI Chairman Pratip Chaudhuri said: "The bank's current lending rates for the SME sector ranges between 12-17 percent. This will be brought down to 10.5-15.3 percent."
April 17, 2012
RBI cuts key rates
The Reserve Bank of India (RBI) has cut some key rates by 50 basis points in a bid to push industrial growth and stimulate economy - a move that may also see interest rates falling on housing, automobile and commercial loans.
April 03, 2012
RBI Deputy Governor promises legitimate lending in WB
The Reserve Bank of India (RBI) has stated that it would clearly address the issue of lower credit-deposit ratio in West Bengal by ensuring that legitimate lending opportunity is not denied in the state.
March 08, 2012
Odisha SMEs hope Budget will cut lending rates
Industry body asks Pranab Mukherjee to enhance the excise exemption limit for the small scale sector to INR4.5 crore.
March 02, 2012
