Is the rate slashing mood of the apex organization fusing optimism in the current economic scenario? The Reserve Bank of India (RBI) has cut down the repo rate by 25 bps, which is completely in line with the expectations of the veterans in the financial circuit. The supreme monetary authority of the country sights… Read More »
Recent news reports said that State Bank of India has raised €750 million through a five-year bond. Reports say that this is the largest bond issued by an Indian company.The bond will mature on November 30, 2015 and will offers yield of 4.601 per cent.
Although easing liquidity is not in sync with the rate hike, RBI has decided to go easy on liquidity because of the temporary liquidity squeeze on account of advance tax outflow and 3G spectrum payments. RBI has decided to extend its liquidity management measure of 0.5% of the bank’s net demand and time liabilities under… Read More »
Teaser loan schemes are personalized products introduced in the market in order to entice more clients. Although most of the banks have stopped offering teaser loans, SBI and HDFC Bank still offer these loans. With these schemes the customer can make a choice and reduce the interest rate during the initial years of the loan.
The 4th quarter of the fiscal just ended saw a big increase in credit flow which helped banks to fulfill the credit growth estimate laid down by the RBI. The big portion of credit flow in this period was from the retail loan section but saw a big decline in credit to the home loan… Read More »
The present scenario is indicates that restraint of inflation is the need of the hour, far more crucial than economic recovery. This is believed to be the RBI’s chief idea when announcing the monetary policy today.
Deutsche Bank AG has said that it would be commencing its retail operations in Ludhiana. The bank had just started its branch in Moradabad on 10th April 2010. With this the total number of branches of the Deutsche Bank in India has gone up to 15. The Ludhiana branch would be offering the bank’s… Read More »
The Reserve Bank of Indiahas stuck to its stand that the commercial banks should not ask collaterals on education loans for sum below Rs. 4 lakh. The RBI had first issued this order in the year 2001. It has been pressurized to restate its guideline after reports from numerous sources that banks are asking collaterals… Read More »
The country’s biggest lender State Bank of India has said it will not increase its lending rates right away but will wait for additional signs from the Reserve Bank’s impending annual monetary policy.
With quality Indian education becoming beyond the reach of the average Indian students, finance is the first thing many of them think about an educational loan. This is where banks have stepped in with novel education loans. After personal loans, banks are now targeting educational loans as the next big market. To capitalize on this… Read More »