State-run lender Punjab National Bank (PNBK.NS) on Thursday said it would cut its base rate by 25 basis points to 10.25 percent from February 9.
Earlier this week, the Reserve Bank of India cut the repo rate by 25 basis points to help support an economy set to post its slowest annual growth rate in a decade.
On Wednesday, the State Bank of India cut its base rate by 5 basis points.
E-commerce, bags to drive Asian plastics demand growth through 2017
SINGAPORE Asian shoppers' fondness for buying on the internet along with the region's steady economic growth should boost Asia's plastics demand for the next two years.
Oil prices dip on stronger dollar; rise in U.S. crude stocks data
SINGAPORE Crude oil futures fell in early trade on Wednesday as the U.S. dollar held around three-week highs and industry stocks data indicated a build in U.S. crude inventories.
Pru's UK staff take industrial action over Mumbai job plan
LONDON Staff at British insurer Prudential are taking industrial action over plans to move 76 jobs to Mumbai from the southern English town of Reading, the Unite union said.