Reliance Industries and SBI put in a joint application to RBI to set up a payment bank that can offer services such as remittances and deposits but not loans.
RBI's decision to lower the Repo rate or hold is likely to be a close one at the monetary policy review on Tuesday with most bankers still leaning towards a no-move.
Vijaya Bank on Friday said its net profit for the December quarter rose over three-fold to Rs 37.40 crore compared with the same period last year. The bank posted a net profit of Rs 11.39 crore in the
Gross NPAs stood at 5.99% of the advances as of December 31, 2014, against 5.55% in December 31, 2013. Net NPAs stood at 3.7% in December quarter from 3.65% in the same quarter last year
