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 a statement on June 29 said that the interests have increased for three to five year…
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 of Prime Minister Manmohan Singh government’s financial inclusion scheme. The Reserve Bank Of India (RBI) has found…