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Thursday, June 26 1997
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Banks to cut prime lending rate, revamp deposit rate![[Details]](/icons/bullet.gif){kind=icon}
The public sector banking industry, led by the State Bank of India, is likely to cut the prime lending rate by at least 50 basis points and re-align the deposit rate structure in the next few weeks.
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SWC posts tiny Rs 5 lakh profit, skips dividend
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Tisco, Tata Power in cosy Jojobera deal
The Tata group is all set to activate a multi-pronged book entry operation which will at once secure a higher stake for Tisco in Tata Power even while improving the former's cash flows.
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The Group
