The Prime Minister’s Office (PMO) has turned down a finance ministry proposal to allow bankers with less than two years of residual service to be appointed as public sector bank chiefs.
The sources said a term of less than two years did not give individuals time to implement their decisions properly.
HDFC Bank Lowers PLR HDFC Bank, the second largest private sector bank, on Monday reduced its Prime Lending Rate (PLR) to pass on the benefits to its corporate customers. The cut in PLR follows a reduction in deposit rate by the bank a month ago. The bank’s PLR has been reduced by 25 basis points [...]
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