HSBC says losing money in China, India retail banking

The lender said earlier this month that it intended to cut back on its retail banking business and may sell
its US credit card arm.
Corporation Bank to soon operate in Africa 
IANS 19 May 2011, 16:45
Chairman and managing director of the bank Ramnath Pradeep said Tanzania was one of the 4 African
nations, where the bank was keen on setting up its business.
Reliance Money Express ties up with Muthoottu Mini 
PTI 19 May 2011, 14:48
As part of the agreement, Mini Muthoottu would be using the Reliance Money Express created platform
for receiving money from over 200 countries.
Syndicate Bank enters into MoU with Karnataka State Public Service Commission  
PTI 19 May 2011, 13:49
The Aspirants applying for the vacant positions called for by KPSC from time to time need to log onto
KPSC website and apply online.
SBI's associate banks make up for its profit slump 
ET Bureau 19 May 2011, 04:49
The five associates of India's largest lender clock a 34% rise in net profit in the fourth quarter at Rs
1,264.70 crore, while full year net is up 22%.
SBI pegs pension liability at Rs 11,707 crore  
PTI 18 May 2011, 20:19
State Bank of India which reported its lowest quarterly numbers in the past one decade, has said that its
pension liability is more than Rs 11,700 crore as on March 2011.
SBI earnings: Analysts focus on bad loans as slippages rise  
TNN 18 May 2011, 11:06
SBI under its new chairman Pratip Chaudhuri has already changed course in a number of areas.
R Ramachandran: Troubleshooter who maintains a low profile  
Sangita Mehta 18 May 2011, 03:34
A little after he took over as the chairman and managing director of Andhra Bank, R Ramachandran was
bestowed a few awards for the performance of the bank.
Investment banks emerging as a force to reckon with 
Vijay Gurav & MC Govardhana Rangan 18 May 2011, 03:22
Boutique bankers are making hay as many medium and small-sized cos are up for grabs with even
among well-established players in i-banking.
SBI profit shocks: Bank suffered same fate during Ballabh, Bhatt tenure  
ET Bureau 18 May 2011, 02:35
After delivering shocking results for the quarter to March 2011, SBI chairman Pratip Chaudhuri told that
this was a quarter that the bank would like to forget.
Dena Bank ups interest rates on deposits 
PTI 16 May 2011, 23:06
Public sector Dena Bank today said it has upped interest rates on select tenures of its domestic term
deposits by up to 0.50 per cent.
Dena Bank ups interest rates on deposits 
PTI 16 May 2011, 23:06
Public sector Dena Bank today said it has upped interest rates on select tenures of its domestic term
deposits by up to 0.50 per cent.
HSBC India raises base rate to 9% 
PTI 16 May 2011, 20:18
Banking major HSBC India today said it has hiked its base rate to 9 per cent per annum from 8.5 per cent
per annum with effect from May 12.
IDBI Bank rolls out mobile banking from Nagpur 
PTI 16 May 2011, 16:09
The bank's mobile banking bus had commenced its 'vikas yatra' from IDBI Tower in Mumbai.
HDFC raises retail prime lending rate by 0.5% with effect from May 16  
Agencies 15 May 2011, 02:31
India's largest home loan company HDFC said on Saturday that it was raising its retail prime lending rate
by 50 basis points, or 0.5 percentage point.
HDFC raises lending rate by 50 bps, home loans to get dearer  
PTI 14 May 2011, 20:49
The revised retail prime lending rater (RPLR) will be applicable from May 16, the bank said in a
statement.
Canara Bank revises deposit interest rates with effect from May 16  
PTI 14 May 2011, 18:47
For a one year period, the bank is offering 9.10 per cent for the general public and 9.60 per cent for senior
citizens.
IDBI Bank, Indian Army signs MoU for banking services  
PTI 13 May 2011, 19:39
State-owned IDBI Bank today signed a memorandum of understanding (MoU) with the Indian Army for
customised defence salary account.
Central Bank of India signs pact with UK university 
PTI 13 May 2011, 16:06
S Sridhar, Chairman and MD of the Central Bank of India, visited WMG and signed the agreement to fast-
track the loans to Indian students.
RBI panel to interview 7 RBI executive directors for Dy Guv’s Post  
ET Bureau 13 May 2011, 03:38
The EDs who have been called for the interview are VK Sharma, VS Das, G Gopalakrishna, HR Khan,
DK Mohanty, S Karuppasamy and R Gandhi.
HSBC plans to focus on India and China: Stuart Gulliver, CEO, HSBC  
Sudeshna Sen 13 May 2011, 03:31
CEO Stuart Gulliver keen on India despite inflationary pressures, ready to pay top dollar to retain talent.
HSBC says profit from India to cross $1-bn mark in 3-years  
PTI 12 May 2011, 18:26
Global banking major, HSBC, today announced India as one of its key markets for growth and said profits
from the country will cross the $ one-bn mark in three-years.
HSBC says profit from India to cross $1-bn mark in 3-years 
PTI 12 May 2011, 18:26
Global banking major, HSBC, today announced India as one of its key markets for growth and said profits from the
country will cross the $ one-bn mark in three-years.
Pawar cooperative bank flouted RBI norms, finds Nabard 
Prafulla Marpakwar 12 May 2011, 08:43
On the basis of Nabard’s stringent recommendations, the RBI on May 5 asked the state cooperation commission to
forthwith dissolve the board of directors and appoint administrators.
Axis Bank buys 4% stake in Max New York Life for 72 cr 
Shilpy Sinha 12 May 2011, 06:18
AxisBank has acquired a 4% stake from Max India in its joint venture Max New York Life Insurance Company for
Rs 72 crore.
ICICI Bank, Lanka's Sampath Bank launch fund transfer service 
PTI 11 May 2011, 19:31
ICICI Bank has tied up with Colombo-based Sampath Bank PLC to launch an online cross-border money transfer
facility between the two countries.
HDFC Bank may raise lending rates by up to 55 bps 
PTI 11 May 2011, 18:47
In line with the industry trend, HDFC Bank has decided to hike lending rates by 55 basis points and deposits rates
by up to 125 basis points.
SBI to introduce green-channel banking at more branches 
PTI 11 May 2011, 15:11
All major transactions, including withdrawals, deposits and remittances up to Rs 40,000, will be made through
green-channel banking.
Indian Bank plans to raise $1 bn in FY12: Source 
Reuters 11 May 2011, 13:51
Indian Bank plans to raise up to $1 billion in fiscal 2012 that ends in March and is in talks with arrangers for the first
tranche, which it expects in three to four months.
IDBI plans to raise $225 mn from overseas 
Reuters 11 May 2011, 12:57
IDBI Bank is planning to raise $225 million in FY12, for which Asian Development Bank will act as a partial
guarantor.
SBI lifts deposit and lending rate 75 basis points to 14%; demand for homes, cars to fall  
ET Bureau 11 May 2011, 07:00
SBI raised deposit and lending rates steeper than rivals, which may push up cost of funds across industry as well as
for borrowers.
SBI raises benchmark prime lending rate 75 basis points to 14% 
Reuters 10 May 2011, 20:18
State Bank of India, the country's largest lender, said on Tuesday it will raise its benchmark lending rate, or base
rate, by 75 basis points to 9.25 percent per annum, with effect from May 12.
Now, get a bank account number of your choice! 
IANS 10 May 2011, 20:07
A private city-based bank is cashing in on the craze for 'lucky numbers' by offering its high-value customers bank
account numbers of their choice.

Now, get a bank account number of your choice! 

IANS 10 May 2011, 20:07
A private city-based bank is cashing in on the craze for 'lucky numbers' by offering its high-value customers bank
account numbers of their choice.
Govt to tweak norms for appointing I-bankers for PSU issues 
PTI 10 May 2011, 15:28
The government is in the process of redrafting the proposal document format for appointment of merchant bankers
to avoid the conflict of interest between the public and private share sale issues.
UBI to open branches in Sydney, Belgium 
PTI 10 May 2011, 13:06
The Union Bank of India has got clearance from the Reserve Bank of India for opening new branches in Sydney and
Belgium.
Julius Baer eyes Indian onshore private banking 
PTI 10 May 2011, 12:09
Julius Baer is considering various options to start an onshore office in India and is not ruling out an acquisition to
enter one of the world's hottest markets.
ET in the classroom: Priority-sector lending 
ET Bureau 10 May 2011, 06:07
RBI has marked a portion of bank lending for developmental activities, which it calls the priority sector.
JPMorgan to hire more I-bankers to match Morgan Stanley, Citigroup 
MC Govardhana Rangan & Nishanth Vasudevan 10 May 2011, 05:38
The US bank will stay a wholesale bank in India in line with its view of not getting into retail in non-US markets.
Monetary Authority of Singapore relaxes AMR for Indian Bank 
Atmadip Ray 10 May 2011, 03:51
Indian Bank will now have a more level playing field. It expects to improve its margin on its lending in Singapore
too.
YES Bank hikes interest rates on term deposits 
PTI 9 May 2011, 23:15
Private sector lender YES Bank today increased interest rates on term deposits by up to 50 basis points depending on
the maturity.
Development Credit Bank ups base rate, BPLR by 0.5 per cent 
PTI 9 May 2011, 23:13
Private sector lender Development Credit Bank (DCB) today said it has hiked both its base rate and benchmark
prime lending rate (BPLR) by 0.5 per cent.
Black money: Legitimise it by paying 15% tax, park it in India 
Sugata Ghosh 9 May 2011, 22:18
There's delightful news for those with Swiss accounts. Indians, who opted for such a service, have a way to mislead
anyone trying to hunt them down.
Kotak Mahindra raises base rate, BPLR by 50 bps 
Reuters 9 May 2011, 18:30
Private lender Kotak Mahindra Bank said on Monday it has raised its base rate by 50 basis points to 9.25 percent
and benchmark prime lending rate by a similar quantum effective May 10.

Kotak Mahindra raises base rate, BPLR by 50 bps 

Reuters 9 May 2011, 18:30
Private lender Kotak Mahindra Bank said on Monday it has raised its base rate by 50 basis points to 9.25 percent
and benchmark prime lending rate by a similar quantum effective May 10.
Central Bank of India mulling entry in Asian, African markets  
PTI 8 May 2011, 13:17
Central Bank of India is mulling an entry into markets such as Bhutan, Mozambique, Hong Kong and Kenya this
year by adopting multiple routes.
UCO Bank to open 37 SMEs across India in FY'12 
PTI 8 May 2011, 12:48
Public sector lender UCO Bank plans to open 37 SME hubs pan-India in FY'12 to facilitate single window clearance
for loans.
UCO Bank moves HC against IT order levying fine on it 
PTI 8 May 2011, 10:18
The United Commercial Bank has moved the Delhi High Court challenging an Income Tax notice that slapped a
penalty of over Rs 54 lakh on its branch for not making tax deduction at source on a fixed deposit account worth Rs
7.7 crore opened by the HC.
Savings rate deregulation may push up costs for a/c holders 
PTI 8 May 2011, 10:04
Earlier, the regulated interest rate of 3.5 per cent per annum - unchanged since 1993 - helped banks garner low- cost
deposits and maintain good margins due to which many services came free.
Lakshmi Vilas Bank revises term deposit interest rates  
PTI 7 May 2011, 18:24
Private sector Lakshmi Vilas Bank has revised its interest rates for term deposits that will be effective from May 9.
RBI asks Tamilnad Mercantile Bank to list shares through an IPO 
Sanjay Vijayakumar 7 May 2011, 06:25
The RBI suggestion is important as it had declined to acknowledge the sale of a 33.54% stake by entrepreneur C
Sivasankaran to a group of investors.
ICICI Bank says to raise base rate by 50 bps from May 7 
Reuters 6 May 2011, 20:27
ICICI Bank said it would raise its benchmark base rate by 50 basis points to 9.25 percent per annum with effect
from Saturday.
IOB hikes minimum lending rate by 50 bps to 10 pc 
PTI 6 May 2011, 19:19
Indian Overseas Bank raised its base rate by 50 basis points to 10 per cent, within days of the RBI announcing an
increase in its short-term lending.
Union Bank of India hikes minimum lending rate by 50 bps to 10 pc 
PTI 6 May 2011, 16:24
This comes within days of the Reserve Bank announcing an increase in its short-term lending and bank savings rates
to tackle inflation.
Union Bank has headroom to raise 60 bln rupees as tier 2 
Reuters 6 May 2011, 13:17
State-run Union Bank of India has headroom to raise 60 billion rupees as tier 2 capital, Chairman and Managing
Director M.V. Nair told reporters.
Union Bank has headroom to raise 60 bln rupees as tier 2 
Reuters 6 May 2011, 13:17
State-run Union Bank of India has headroom to raise 60 billion rupees as tier 2 capital, Chairman and Managing
Director M.V. Nair told reporters.
Banks report fall in biz; loan amount down by Rs 37407 crore, deposits by Rs 5521 crore  
ET Bureau 6 May 2011, 07:02
The window dressing effect on bank balance sheets has started to wear off, with banks showing an across-the-board
dip in business. According to RBI release , loans and total deposits have dipped.
BoB, Dena Bank, BoI raise base rates, BPLRs by 0.5% each 
PTI 5 May 2011, 22:00
Lending rate hikes by banks, which began after the Reserve Bank raised repo rate by 0.5 per cent to 7.25 per cent on
Tuesday, continued on Thursday with three leading public lenders upping both their base rates and BPLRs.
Andhra Bank hints at increasing lending rates 
PTI 5 May 2011, 21:57
Public sector lender Andhra Bank on Thursday hinted that it would increase lending rates after the Reserve Bank's
move to up its key policy rates.
Bank of Baroda ups base rate, BPLR by 0.5 pc 
PTI 5 May 2011, 21:30
Public sector lender Bank of Baroda (BoB) today raised its base rate and benchmark prime lending rate (BPLR) by
0.5 per cent each.
Canara bank revises benchmark PLR by 50 basis points 
PTI 5 May 2011, 13:41
Canara Bank has revised its benchmark PLR upward by 50 bps from 13.75 per cent to 14.25 per cent with effect
from today.
Lenders begin to hike rates; PNB, YES Bank raise base rate & PLR by 50 bps 
ET Bureau 5 May 2011, 07:27
Just a day after RBI raised key policy rates and SB account rate, PNB and YES Bank increased lending rates for
existing and new customers while LIC Housing Finance hiked rates for new customers.
TMB meet on hold as shareholder challenges RBI order 
Sanjay Vijayakumar 5 May 2011, 06:43
Tamilnad Mercantile Bank’s annual shareholders’ meet on June 15 will be on hold as one of them has challenged
RBI order directing a group of investors to cut their stake in the lender to less than 5%.
Oriental Bank raises base rate, BPLR by 50 bps each 
Reuters 4 May 2011, 20:58
Oriental Bank of Commerce said it has raised its base rate and benchmark prime lending rate by 50 basis points each
to 10 percent and 14.25 percent, respectively, effective May 5.
UCO Bank eyes 20 pc business growth, aims to cut NPAs to below 3 pc 
PTI 4 May 2011, 18:13
UCO Bank is eyeing a 20 per cent growth in its business and a reduction in its non-performing assets (NPAs) to less
than 3 per cent this fiscal.
IndusInd Bank signs MoU with HDFC to sell home loans 
PTI 4 May 2011, 16:44
Private sector IndusInd Bank, today said that it has signed a memorandum of understanding (MoU) with leading
home-loans lender HDFC to sell the latter's home loans for purchase, construction, extension and renovation of
residences by individuals.

IndusInd Bank signs MoU with HDFC to sell home loans 

PTI 4 May 2011, 16:44
Private sector IndusInd Bank, today said that it has signed a memorandum of understanding (MoU) with
leading home-loans lender HDFC to sell the latter's home loans for purchase, construction, extension and
renovation of residences by individuals.
PNB raises loan rates by 50 basis points 
PTI 4 May 2011, 15:45
A day after the RBI raised policy rates, PNB today raised lending rates by 50 basis points, making home,
auto and other loans more expensive.
Yes Bank raises base rate, PLR by 50 bps each 
Reuters 4 May 2011, 12:52
Private sector lender Yes Bank has raised its base rate and prime lending rate by 50 basis points each
with immediate effect.
Banks told to set aside more funds for bad, restructured loans  
ET Bureau 4 May 2011, 07:16
RBI has asked banks to set aside more money for bad and restructured loans, a move which will impact
their overall cost and has come as a surprise to most bankers.
Banking Industry: Regulations, Panels & Roadmap 
ET Bureau 4 May 2011, 06:40
Banks have to open at least 25% of the total number of branches during a year in unbanked rural tier-V
and tier-VI centres with a population of less than 50,000.
Banks see margin woes ahead on RBI rate hike 
Reuters 3 May 2011, 23:26
RBI's higher-than-expected rate actions together with a rise in savings rate could put Indian banks in a
tight spot as they struggle with higher costs.
Draft guideline for new banks in consultation with Govt: RBI  
PTI 3 May 2011, 21:53
The Reserve Bank today said it is in consultation with the government to finalise the draft guidelines for
giving new banking licences.
Uncertainty continues over licences to new private banks  
PTI 3 May 2011, 21:49
The Reserve Bank on Tuesday said the uncertainty over issuing guidelines for new bank licences is likely
to continue for some more time as it is in consultation with the government over the draft norms.
High savings account rates may hit net interest margins for banks: Crisil Research  
PTI 3 May 2011, 19:35
The pressure on net interest margins is likely to further increase if the RBI deregulates savings account
deposit rates, Crisil said.
RBI credit policy: Home, auto loans to cost more, say bankers  
PTI 3 May 2011, 14:01
Many bankers and analysts say that repo rate hike of 50 basis points will definitely have an impact on
interest rates.
State Bank of India to review interest rates in June: Chairman  
Reuters 3 May 2011, 13:53
State Bank of India will review its interest rates next month, Chairman Pratip Chaudhuri said on Tuesday.
State Bank of India to review interest rates in June: Chairman 
Reuters 3 May 2011, 13:53
State Bank of India will review its interest rates next month, Chairman Pratip Chaudhuri said on Tuesday.
DBS picks veteran J.P.Morgan banker to head Islamic unit 
Reuters 3 May 2011, 12:50
Southeast Asia's largest bank, DBS Group , said on Tuesday it had appointed JPMorgan Chase & Co banker Toby
O'Connor as the head of its sharia unit, The Islamic Bank of Asia (IBA).
Allahabad Bank Q4 net profit climbs 15% 
3 May 2011, 06:27
Improvement in core business and a higher return from it have helped Allahabad Bank to report a 15% rise in net
profit for the quarter to March 2011.
Bank of India posts 15% rise in Q4 net profit 
3 May 2011, 06:26
Bank of India’s net profit rose 15% to Rs 493 crore for the fourth quarter ending March 31, 2011, as it declared 70%
dividend for full year.
Any more interest hike not good for growth, says SBI chief 
PTI 2 May 2011, 21:33
With the RBI on Tuesday unveiling the credit policy, SBI Chairman Pratip Chaudhuri said increase in rates could
lead to "derailing" of growth.
Bank of India sees 21 pct credit growth in FY12 
Reuters 2 May 2011, 15:19
State-run lender Bank of India expects its advances to grow 21 percent and deposits 20 percent in the current
financial year, its chairman and managing director Alok Kumar Misra told reporters.
Morgan Stanley downgrades Indian banks, including SBI on interest margin pressure  
Reuters 2 May 2011, 10:51
Morgan Stanley downgraded State Bank of India to 'underweight' from 'equalweight,' and Punjab National Bank and
Canara Bank to 'underweight' from 'overweight'.
Rich clients allege foul play by Standard Chartered  
Nishanth Vasudevan 30 Apr 2011, 10:24
Nearly 3 mths after a rogue banker at Citi duped wealthy investors, some rich clients of StandChart have alleged that
they have been short-changed.
Robust lending lifts banks' Q4 earnings 
ET Bureau 30 Apr 2011, 05:40
Bank earnings on an average are rising a fifth in the past quarter of the previous fiscal as consumers and industry
borrowed more.
ICICI CEO expects credit growth of at least 20 pct in FY12 
Reuters 28 Apr 2011, 14:18
ICICI Bank expects credit growth of at least 20 percent in fiscal 2012, its Chief Executive Chanda Kochhar said on
Thursday.
Bank of Baroda to increase overseas branches to 100 
Reuters 28 Apr 2011, 13:13
State-run lender Bank of Baroda is planning to increase the number of overseas branches to 100 in FY12 from 85
now, a top official said on Thursday.

Bank of Baroda to increase overseas branches to 100 

Reuters 28 Apr 2011, 13:13
State-run lender Bank of Baroda is planning to increase the number of overseas branches to 100 in FY12 from 85
now, a top official said on Thursday.
RBI asks banks to assess Basel-II readiness  
Reuters 28 Apr 2011, 06:48
The Reserve Bank of India (RBI) on Wednesday asked banks intending to migrate to advanced approach for
computing capital charge for operational risk under Basel-II to assess their preparedness to shift to the new
approach.
Reserve Bank penalises two cooperative banks 
PTI 27 Apr 2011, 20:37
Reserve Bank has imposed penalty of up to Rs 5 lakh on two cooperative sector lender -- Bhuj Co-operative Bank
and Independence Co-operative Bank -- for violations of rules relating to various provisions.
Anil Ramachandran of IndusInd Bank: Flashing the ‘alliance’ trump card  
Anita Bhoir 27 Apr 2011, 07:00
IndusInd Bank had been a lesser mortal among private banks for a long time, before Romesh Sobti, former ABN
Amro banker, changed it.
SBI, ICICI, Citibank, Axis among 19 banks penalised for selling complex derivatives to companies  
ET Bureau 27 Apr 2011, 03:18
Barclays, HDFC Bank, Kotak Mahindra, Yes Bank, BNP Paribas and Standard Chartered are also among the
penalised. The penalty ranges from Rs 5 lakh to Rs 15 lakh.
SBI rules out merger of affiliates this year 
ET Bureau 27 Apr 2011, 01:37
Finance Minister Pranab Mukherjee will review the performance of all public sector banks next month after they
announce financial results for 2010-11, a senior official said.
Dhanlaxmi Bank to mobilise Rs 1,000 cr by June-end 
PTI 26 Apr 2011, 14:43
Jayakumar said the bank has also decided to double its authorised capital to Rs 200 crore from the present Rs 100
crore.
HDFC Bank adjudged strongest bank in Asia Pacific 
PTI 25 Apr 2011, 19:02
The country's second largest private sector HDFC Bank has been declared the strongest bank in Asia Pacific by the
Asian Banker magazine.
IndusInd Bank sees FY12 credit growth at 25-30 per cent 
Reuters 25 Apr 2011, 16:06
IndusInd Bank expects credit growth of 25-30 percent in FY12, Managing Director Romesh Sobti told reporters on
Monday.
UCO Bank expects Rs 245,000 crore business in 2010-11 
IANS 25 Apr 2011, 15:48
UCO Bank expects to show a total business of more than Rs.245,000 crore in the fiscal year 2010-11, a senior bank
official said Monday.
Kendriya Vidyalaya Sangathan ties up with Union Bank for pay disbursement to employees  
PTI 25 Apr 2011, 15:13
Kendriya Vidyalaya Sangathan (KVS) and Union Bank of India today entered into an understanding for centralised
salary disbursement of KVS employees across the country.

Kendriya Vidyalaya Sangathan ties up with Union Bank for pay disbursement to employees  
PTI 25 Apr 2011, 15:13
Kendriya Vidyalaya Sangathan (KVS) and Union Bank of India today entered into an understanding for centralised
salary disbursement of KVS employees across the country.
Indian Bank to raise $1 billion through overseas bonds 
PTI 23 Apr 2011, 18:54
Indian Bank plans to raise $1 bn (about Rs 4,500 crore) through overseas bonds to fund business growth, a top bank
official said today.
Citi, Standard Chartered, HSBC betting high on consumer loans in rising economy  
Anita Bhoir 23 Apr 2011, 10:32
Banks that had gone slow on consumer loans during the credit crisis have started ramping up biz as bad loans
decline and soaring interest rates reduce other borrowings.
I-banks told to avoid PSU, private float clash 
Dheeraj Tiwari 23 Apr 2011, 05:13
The government has banned bankers managing public sector floats from simultaneously handling offers of private
sector firms in the same sector.
Singapore's DBS Bank to expand operations in India 
PTI 22 Apr 2011, 11:50
Singapore's DBS Bank has set up a factoring office in India as parts of its plan to expand its global transaction
services business regionally.
RBI turns down banks' proposal to dip into 2% of SLR to meet short-term asset liability mismatch  
Ruchira Roy 22 Apr 2011, 07:40
Bankers urged RBI to allow them to dip into 2% of their SLR of the mandated 24% to meet short-term asset liability
mismatch.
IBA backs ICICI’s micro loans recast proposal 
Anita Bhoir 21 Apr 2011, 05:31
RBI has sought the opinion of banks involved in the restructuring of microfinance loans that are on the verge of
default.
SBI bows to RBI pressure, scraps teaser home loans 
ET Bureau 21 Apr 2011, 05:25
Now, repayments will be a flat rate linked to its base rate, instead of a lower rate in early years that rose after three
years.
Oriental Bank to increase lending to SMEs 
IANS 20 Apr 2011, 21:16
The Oriental Bank of Commerce will increase lending to small and medium enterprises (SMEs) with a view to
boosting manufacturing growth in the country, the bank's chairman and managing director Nagesh Pydah said.
SBI withdraws teaser home loan scheme with effect from May 1 
PTI 20 Apr 2011, 19:13
SBI Easy Home Loan and SBI Advantage Home Loan will be replaced by floating interest rate schemes on par with
other commercial banks.
Banks' credit grows 22%, deposits up 16.77% on an annual basis 
PTI 20 Apr 2011, 18:20
Credit from banks in the country grew by over 22% annually to Rs 40.76 lakh crore, suggesting an upswing in
industrial activity.