Mumbai, Sep 22
The government, which is likely to announce its second half market borrowing schedule next week, will stick to its gross borrowing target of Rs 5.79 lakh crore this week, say bank treasurers and f...
Mumbai, Sept. 19
The plastic industry, battered by volatility in crude prices and deprecation of the rupee, is seeking a 30 per cent increase in working capital loans from banks. The industry members plan to the m...
Kolkata, Sept. 12
In a bid to focus on its retail credit business, Kolkata-headquartered Allahabad Bank has set up 40 centralised retail banking boutiques. These come in addition to the 59 retail banking boutiques...
Mumbai, Sept. 10
The Reserve Bank of India has enhanced the ceiling on loans extended by urban co-operative banks (UCBs) to individuals for carrying out repairs/additions/alterations to their dwelling units...
Hyderabad, Sept. 5
If your business goes green, you may soon get bank loans at concessional rates. Banks, on their part, should set up green funds and have a chief green officer, according to guidelines on...
New Delhi, Sept 1
As many as 16 public sector banks and 10 private sector banks missed the target of their lending to priority sector in the year 2012-13, the Reserve Bank said.“As on March 31, 2013 domestic...
New Delhi, Aug 25
Loss-making Jindal Stainless is facing fresh troubles in meeting CDR obligations as one of its promoter group firms has declined to infuse fresh equity in the company.
Promoter group comp...
Mumbai, Aug. 22
The Reserve Bank of India has called for sorting out infrastructure issues as they have potential to adversely affect asset quality of banks. Stress is building up in the infrastructure...
New Delhi, Aug 21
ICICI Bank has raised fixed deposit rates by up to 0.75 per cent across select maturities due to a series of steps taken by the RBI, leading to a tightening of the liquidity condition. The...
Kolkata, Aug 20
Srei BNP Paribas, an infrastructure and construction equipment financer, on Tuesday announced a 50 basis points (or 0.50 percentage points) hike in its benchmark lending rate.
September 21, 2013
With the new norms, NBFCs may take as much time as banks to process loans, losing out on their key attraction. »
Kolkata, Sept 13
Allahabad Bank is keen on restructuring accounts of micro finance institutions (MFIs) for a second time and it is for promoters to come up with a solution, an official of the bank said.
Mumbai, Sept 12
The Reserve Bank has decided to create a central repository on large borrowers — both individuals and entities — with exposure of more than Rs 10 crore to help banks deal with credit risks....
Mumbai, Sept. 8
Customers are more comfortable dealing with a bank they have had a long relationship with: Dena Bank chief
New Delhi, Sept. 4
The banking regulator said interest subvention schemes were basically classified as mortgage and not construction finance. They were risky businesses and required higher provisioning. »
Mumbai, Aug. 30
The Indian banking system is well capitalised and though there is a blip in credit demand, the situation is not alarming, Aditya Puri, CEO and MD, HDFC Bank, said.
“There would be tempora...
Mumbai, Aug. 22
Despite Reserve Bank of India’s efforts to promote electronic banking, almost 90 per cent of payments are estimated to be collected through cash/cheque, according to RBI’s annual report.
Mumbai, Aug 22
Despite foreseeing a possible spike in gross non-performing assets to 4.4 per cent of the total advances by March 2014 from 3.42 per cent a year ago, the Reserve Bank today ruled out any systemic...
Kochi, Aug. 20
Cheraman Financial Services Ltd, India’s first interest-free financial services company backed by the Government, aims to channel Gulf NRIs’ savings as well as a small chunk of Wes...
New Delhi, Aug. 19
Also plans Rs 5,000-cr bond issue to retire part of Rs 17,000-cr debt