The reason is somewhat simple. RBI allowed banks to lend below their prime lending rates and the majority of banks did the bulk of their corporate lending at 'sub-PLR rates'. The new reference rate for country's largest bank is 7.5 per cent. Most of the other public sector banks have the base rate at 8 per cent.
Kevin James and his wife Steffiana de la Cruz will soon have an even fuller house. The happy couple revealed they are expecting their fourth child on Wednesday, Us Weekly reports. The 49-year-old comedic actor already plays father to daughters Sienna-Marie, nine, Shea, seven, and son Kannon, three.
Miami Heat president Pat Riley revealed in June that James and Brinson, who tied the knot last year, were expecting their third child. Savannah now is going to have a little baby girl to join her in the fight against the two boys and LeBron, which she needs, Riley told reporters, per the AP. The couple, who have been together for more than a decade, have two sons -- 8-year-old LeBron James, Jr. and 6-year-old Bryce Maximus.