MONEY & BANKING
FINANCIAL PERFORMANCE
Karnataka Bank full-year net up; moots 35% dividend
Net interest income rises on growth in advances
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PRIVATE BANKS
Seeking funds
HDFC Bank: has announced plans to raise a total of Rs 4,200 crore through a combination of preferential allotment to its promoter group - HDFC - or through a domestic public offering or an offering in international markets. ...
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INTEREST RATES
LVB raising deposit rates
Lakshmi Vilas Bank has proposed to raise the interest rate on the medium and long-term domestic deposits by 50 to 125 basis points with effect from May 21. For periods ranging between 181 days and 364 days, the rate is being ...
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CREDIT MARKET
Norms on lending to weaker sections modified: RBI
Loans to members of the minority communities who belong to the weaker sections of the society will be included under the priority sector advances of banks. The weaker sections under the priority sector as defined by the RBI include small and ...
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