Banking Financials Newsletter - September 25 to September 29, 2017

India Infoline News Service | Mumbai | October 01, 2017 12:08 IST

Top news:
SBI, BoB lower base rates

The State Bank of India and Bank of Baroda have lowered their base rates. Andhra Bank had earlier lowered the base rates. SBI has cut base rate by 5 basis points to 8.95%, a move that is likely to benefit a substantial number of bank’s borrower. The new rates will be effective from October 1. While the Bank of Baroda has reduced base rate from 9.50% to 9.15%. Read more
MAS Financial Services IPO to open on October 6

MAS Financial Services Limited, a Gujarat-headquartered NBFC with more than two decades of business operations will be launching its initial public offering (IPO). Read more
IDBI Bank brings down shareholding in SIDBI to 3.68%

Public sector lender, IDBI Bank on Wednesday sold a 9.03% stake in the Small Industries Development Bank of India (SIDBI) for an undisclosed amount, the bank reported in a stock exchange filing. Read more