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...
Kolkata, March 6
State’s overall CD ratio is 65% against national average of 79% »
Mumbai, Jan 24
Wealth continues to be concentrated in few places, as shown by the data on bank loans and deposits. Top six metros in the country (Mumbai, Delhi, Bangalore, Chennai, Kolkata and Hyderabad) ...
January 1, 2014
The RBI's Financial Stability Report is formal acknowledgement of a deep-rooted problem: India Inc’s profligacy.
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...
Pune, April 8
3-year credit facility provided by a consortium of 14 banks
Mangalore, Feb 26
Primary agricultural cooperative societies (PACS) that form the base of the cooperative credit structure are now set to play a major role in financial inclusion, as the South Canara District Centr...
Mumbai, Jan 24
Bank credit rose 14.8 per cent (year-on-year) in December 2013 compared with 14.3 per cent recorded in the corresponding period of the previous year. This is according to the Reserve Ban...