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State Banks News

12 Apr 2016

Vijaya Bank cuts term deposit interest rates by 0.25%

The reduction in deposit rates will be?applicable for term deposits of different slabs from 91 days?to above five years maturity, it said in a release. The new deposit rates will be effective April 12, it said.

The Reserve Bank of India

31 Mar 2016

RBI intervenes via state-run banks to curb rupee's rise, traders say

The Reserve Bank of India has intervened aggressively to curb the rupee`s strength as it struck three-month highs, two traders said on Thursday, estimating that the central bank had bought around $1 billion since Wednesday.

31 Jul 2015

India seeks $4 bn spending boost, almost half for state banks

State lenders account for more than 70 percent of all outstanding bank loans, and they are in need of support to meet Basel III regulatory requirements.

11 Mar 2015

India allows seven state-run banks to raise capital from market

India has allowed seven state-run banks to raise capital from market as part of efforts to help them comply with global Basel III banking rules, a finance ministry statement said on Wednesday.

11 Mar 2015

State banks may eye markets for cash if growth picks up

India`s state-owned lenders may turn to equity markets and other alternative sources of capital in order to compensate for a smaller cash injection from the government this year, a senior official said on Wednesday.

28 Nov 2014

Govt considering plan to reduce stake to 52% in state banks

The government holds stakes ranging from 56 percent to 84 percent in the state-run banks that account for 70 percent of India`s total outstanding loans of about $1 trillion.

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