CHENNAI, May 25: Private sector Karur Vysya Bank expects its credit growth to be more than 2 per cent over the industrys overall growth during the current financial year, a top official said. The Tamil Nadu-based bank has lined up plans to open 28 new branches before the first half of the current financial year, particularly in Southern and Western parts of the country, the Banks Managing Director and CEO, Ramesh Babu, said. The financial landscape is witnessing a dramatic [] The post Karur Vysy

MUMBAI, May 2: The Reserve Bank of India on Friday rejigged portfolios of its deputy governors, with Poonam Gupta, who assumed charge recently, being given the key monetary policy department charge. The RBI has four deputy governors. The central bank shuffled the portfolios consequent on the appointment and assumption of charge by Gupta as deputy governor. Besides monetary policy, she has been assigned with the responsibility of seven other departments, including corporate strategy and budget,

MUMBAI, Apr 16:ICICI Bank has cut its savings account deposit interest rate by 0.25 per cent, according to the lenders website. The second largest private sector banks move comes days after larger rival HDFC Bank announced similar move amid a spate of cuts in deposit offerings following RBIs two back-to-back rate decreases. ICICI Bank depositors will earn a 2.75 per cent interest on their savings bank balances of up to Rs 50 lakh, the same as HDFC Banks offering, [] The post ICICI Bank cuts sav

NEW DELHI, Mar 30: Lenders of debt-ridden Reliance Capital have withdrawn petition filed against IndusInd International Holdings Ltd (IIHL) before appellate tribunal NCLAT. The Committee of Creditors (CoC) of Reliance Capital has informed NCLAT that the resolution plan was completely implemented by IIHL with the transfer of complete payment amounts in terms of the resolution plan. The CoC sought permission of the National Company Law Appellate Tribunal to withdraw its appeal filed against the N