Bloomberg State Bank of India, the country’s largest lender, announced loan rates based on marginal cost of funds as the nation’s central bank pushes for faster pass-through of cuts in its borrowing benchmark. The Mumbai-based bank set charges for seven maturities, varying from 8.95 percent for overnight lending to 9.35 percent for three years, a statement posted Monday on its ...

Bloomberg Banque International Pour l’Afrique au Congo (BIAC) limited cash withdrawals after a rearrangement of credit lines from the central bank in the Democratic Republic of Congo forced the lender to shut its branches last week. BIAC, as the bank is known, negotiated an emergency credit line with the Banque Centrale du Congo of as much as 16 billion Congolese ...

Frankfurt / AFP The German central bank, or Bundesbank, is worried that private savers may soon face negative interest rates on their bank accounts, board member Andreas Dombret warned in an interview. “The banks and savings banks I speak to want to do everything to avoid that,” Dombret told Der Spiegel news magazine in its online edition. “But the longer ...