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Karur Vysya Bank News
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Both existing and new customers would be eligible to avail the loan.
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SBI Card, a subsidiary of State Bank of India, would go for co-branding of credit cards with more other banks which do not have big back-office support, an official said.
The total income of the lender also increased to Rs 1,570.27 crore during the quarter from Rs 1,494.86 crore over the corresponding period of 2014-15 fiscal.
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State-run United Bank of India in a separate statement said that it has decided to reduce base rate or the minimum lending rate to 9.65 percent from 9.90 percent with effect from October 12.
Private sector Karur Vysya Bank on Friday reported a 10.2 percent rise in its net profit at Rs 134.58 crore for the quarter ended June.
For 2014-15, the net profit of the bank grew by 8 per cent to Rs 464.28 crore, from Rs 429.60 crore in the previous fiscal.
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