The interest rate has been reduced by 1 per cent from 4 per cent, Karnataka Bank said in a statement
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The decision of the Monetary Policy Committee (MPC) is consistent with a neutral stance of monetary policy. Emerging fiscal situation to decide rate cuts down the line
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Reserve Bank of India (RBI) and Indian Banks Association launched Bharat QR on February 21 this year to boost digital transactions
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Net profit rose to Rs 3.43 billion ($53.51 million) for its fiscal first quarter ended June 30, from Rs 3.06 billion a year earlier
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The meeting's outcome tomorrow is being keenly awaited by all stakeholders including industry and stock markets. Encouraged by significant price improvement, bankers expect Reserve Bank of India to change its monetary stance and cut benchmark lending rate by at least 0.25 per cent
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Take the SIP route for best results and hang on bravely even if and when markets correct
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RBI Deputy Governor S S Mundra has asked banks to work towards account number portability as it will be a far-reaching step towards enhancing competition and improving customer service
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The funds would be utilized for marketing purposes and to introduce technological advances into the brand
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