Less than 10 days from on Tuesday, there could be a paradigm shift on how loans will be priced. Yet, not a single bank has announced their benchmark rate or the base rate for loans.

Shivaji Park police arrested a person on Sunday for allegedly duping the Bank of India to the tune of Rs2.23 lakh with a forged cheque of a private company.

Besides jewellery showrooms, many banks including public sector Indian Bank, Bank Of India and other banks functioned today to sell gold coins for the public.

Bank of India (BoI) has reported a 47 per cent drop in net profit in the fourth quarter ended March due to a sharp rise in provisions for bad loans. The banks net profit fell to Rs 428 crore as against Rs 810 crore in the same quarter a year ago.

In a bid to enable the MSMEs (Micro, Small and Medium Enterprises) to import technology and equipment from USA, the Export Import (Exim) Bank of India has signed a Master Guarantee Agreement with the Exim Bank of USA.