NEWS & ADVICE : PERSONAL LOAN
Corporation Bank reveals base rate between 8.25-8.5%
By Vaibhav Aggarwal
Jun 21, 2010
Print    Email    RSS   

Public sector lender, Corporation Bank has revealed that its base rate would be somewhere between 8.25 to 8.5% and that the final rate would be announced after its board meeting later this month.

"Our base rate is likely to be between 8.25 per cent and 8.5 per cent. Our board is meeting on June 22 to finalise the rate," Corporation Bank Executive Director Narendra Singh said.

He added that according to the current status, 40% of the bank's loans is lent out at sub PLR rates.

The bank does not fear any loss of business following the onset of base rate in the short term corporate loans category.

"The (credit) growth in the first three months (of FY11) has been flat. But in the months ahead, we expect demand to pick-up and growth for the fiscal is likely to be around 25 per cent," he said, adding that the bank's loan-book stood at Rs 63,000 crore as on March 31, 2010.

 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Carnival of Indian Personal Finance Blogs #1
Personal loans in India: Features and...
Carnival of Indian Personal Finance Blogs # 7
Bankers concerned on RBI loan recovery...
Know about Form 16


HOTEL: CaℒL Giℛℒs In Kharar 09855660911...
Model Escoℛts Service In Pune 8888IOO484 Caℓℓ...
What is the outstanding Amount for my personal loan

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive