Indian Stock Market

Oriental Bank of Commerce  plans  to soon bring down its prime lending rates by 25-50 basis points. This will lower its prime lending rates from the current 12 per cent up to 11.50 per cent.

Sharekhan has issued a Buy ICICI Bank report with target price of Rs 552

Indian Banks’ Association on Thursday said banks cannot lower their lending and deposit rates any further under the current scenario. “There is no more headroom for banks to cut their prime lending rates (PLR) and deposit rates in the near future,” IBA Chairman T S Narayanasami said.

The bank made this announcement after trading……

Union Bank of India has raised additional capital ……

At 10:46 IST, the BSE Bankex was up 1.39% at ……

The committee of HDFC Bank has approved allotment ……

IndusInd Bank has inaugurated its first new look b……

HDFC Bank vaulted 6.31% to Rs 940.50 and topp……

Meanwhile, the BSE Sensex was up 178.60 point……

The committee meeting of AXIS Bank will be held on……

The head of the supervisory board at Dutch banking and insurance giant ING on Monday issued a “moral appeal” to senior employees to give up their 2008 bonuses after the firm received state aid.

Subbarao said FY10 will be a challenging year unless business confidence and investment revived

KV Kamath, MD and CEO, ICICI Bank said banks were waiting for the next monetary initiative and the lending from banks was at record levels

The central bank will buy back government bonds through open market operation in the first six months of FY10