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Dena Bank not to reduce lending rates after SBI

Indian money lender Dena Bank on July 10, 2012 said that it will not follow the footsteps of the State Bank of India by...

Rs. 15 lakh fine imposed by IRDA on IndusInd Bank

A penalty of ₹15 lakh has been imposed on the Indusind Bank by the Insurance Regulatory and Development Authority. The penalty was imposed for...

RBI asks banks to develop cost effective village banking

The banks have been asked by the Reserve Bank Of India (RBI) to develop cost effective village branch model. The RBI has asked to...

Union Bank of India cuts rates on agriculture loans

The Union Bank of India on July 5, 2012 announced a cut in the interest rates of for the various categories under agriculture. The...

State Bank Of India announces hike in interest rates

India’s largest lender, the State Bank Of India has increased its interest rates by 25 basic points to nine percent . The bank in...

RBI says 9% of banks in India don’t want to lend to poor

There are many banks in India which show reluctance to lend money to the poor. This is in turn is effecting the implementation...