IndusInd bank to decrease promoter stake to 10%
Private sector bank, IndusInd Bank has presented its plan to the Reserve Bank, to bring down the promoter stake to the compulsory 10 per cent over the next 2-3 years.
Category Archives: News
Moody’s upgrades FC deposit ceilings of SBI, ICICI & other banks
Moody’s has upgraded the long-term foreign currency deposit ratings of 14 domestic lenders, which include State Bank, ICICI Bank, Axis Bank, Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Exim Bank, HDFC Bank and IDBI Bank amongst others.
City Union bank ties up with Geojit BNP Paribas
Private sector bank, City Union bank Limited launched its Online Trading product ‘Cub-Share-Trade’ in association with leading financial services provider, Geojit BNP Paribas. The Memorandum of Understanding was signed by Managing Director and CEO, City Union Bank Ltd., Mr. S. Balasubramanian and Managing Director, Geojit BNP Paribas Financial Services Ltd., Mr. C J George.
SBI gets IRDA approval for non-life venture
Public sector lender, State Bank of India, has received final approval for its general insurance subsidiary from the Insurance Regulatory Development Authority. State Bank of India has entered into a joint venture with Australia-based Insurance Australia Group (IAG) to form SBI General Insurance.
Central bank Offers Reverse Mortgage Loan Product with Life-Time Annuity
Central bank of India has entered into an agreement with Star Union Dai-ichi Life Insurance to launch a scheme that assures life-time annuity for senior citizens opting for a reverse mortgage loan from the bank.
Banks to see improved credit demand from small & mid-level companies
As a consequence of the RBI‘s decision to restore the all-in-cost ceilings on external commercial borrowings (ECBs) with effect from January 1, banks may see improved credit demand, especially from mid-rung and smaller companies.
Central Bank to raise Rs 400 crores
Central Bank of India plans to raise Rs 400 crore through a bond issue in two months, and may also get Rs 700 crore as fresh capital from the government.
New home loan scheme from ICICI bank
ICICI Bank has announced a fixed-cum-floating home loan rate scheme under which the bank will offer loans at a fixed rate of 8.25 per cent for the first two years, irrespective of the amount, and from the third year onwards, the rate will be the applicable floating rate and will vary depending on the amount… Read More »
New home loan scheme from Kotak Mahindra Bank
Kotak Mahindra Bank has announced a new fixed cum floating loan scheme wherein the bank will offer a rate of 8.49 per cent for the first 30 months from the date of disbursement and for the rest of the loan duration, the rate will be the applicable floating rate. The fixed rate of 8.49 per… Read More »
Capital flows in line with expectations: RBI Governor
Dr D. Subbarao, RBI Governor has stated that the capital inflows into the country are in line with the Reserve Bank of India’s expectations and there is no cause for concern of a possible build-up of asset price bubbles.