January 28, 2015
The RBI would do better to empower borrowers rather than regulate the pricing of loans
Chennai, December 17
The Kumbakonam-based City Union Bank (CUB) has lent money to SpiceJet but its Managing Director & CEO, N Kamakodi, isn’t worried about the bank’s exposure to the airline. “We do not want t...
Mumbai, November 3
Poor demand from corporates, fear of loans turning bad pull down credit growth
Mumbai, Oct 2
Credit growth of commercial banks continued to remain weak with a growth of just 9.7 per cent at Rs 61,46,526 crore for the fortnight to September 19, according to the RBI data. Bank cre...
September 3, 2014
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Kolkata, August 9
Kolkata-based lender, Allahabad Bank, is looking to strengthen its retail loan portfolio in the coming days.
According to Rakesh Sethi, Chairman and Managing Director of the bank,...
Hyderabad, July 19
Bank Employees Federation of India (BEFI) on Saturday released a list of 1,129 'wilful' corporate loan defaulters aggregating to about ₹54,000 crore. All the companies mentione...
February 12, 2015
Small and marginal farmers in rainfed regions are trapped in a losing battle with agriculture — and with life
Bhopal, Dec 20
Asian Development Bank (ADB) has granted a whopping Rs 6,000 crore soft loan for strengthening and building road network in Madhya Pradesh, state public works department minister said here today.
New Delhi, Dec 11
Russian bank VTB will provide up to $1 billion credit to Essar Group for its corporate and project needs.
The agreement to this effect was signed by Essar co-founder Shashi Ruia and VTB C...
Mumbai, Oct 15
After remaining sub-10 per cent for two consecutive fortnights, bank credit grew 11 per cent to Rs 62,69,007 crore for the fortnight ended October 3, according to RBI data.
In the corresp...
Mumbai, September 5
Says tough operating environment, high interest rates to blame
September 2, 2014
The aggressive posturing on Kingfisher Airlines by banks has come much too late in the day
July 26, 2014
Correct them online or by way of a written request with supporting documents
New Delhi, May 13
Wilful defaulters from the corporate world may have to face a change in management if they fail to repay loans, the Finance Ministry warned on Tuesday.
On account of mount...