According to a recent press report country’s largest lender State Bank of India’s chairman Pratip Chaudhuri has said there will be a hike in its interest rates in the next 15 days. He said that the bank is likely to hike its rate in another 15 days. He also said that the quantum of the… Read More »
A recent press report has said that State Bank of India (SBI) and Export-Import Bank of India (Exim Bank) have planned to provide a 14-year loan to a Spanish solar energy producer Grupo T- Solar Global SA and U.S.-based Astonfield Renewable Resources for setting up a solar plant in the country. Mr. Ameet Shah, co-… Read More »
A recent report from the RBI said that the regulator has imposed a penalty of Rs 5 lakh on city-based Kalupur Commercial Co-operative Bank (KCCB) for its non-adherence to mandatory banking rules. Reports said that a penalty of Rs 5 lakh has been imposed on KCCB for violation related to Know Your Customer (KYC) norms,… Read More »
A recent press report said that the National Small Industries Corporation (NSIC), a major lender to small and medium enterprises, has announced that it will pass on the increase in interest rates to the borrowers. Mr. H. P. Kumar, Chairman and Managing Director, NSIC said while said that the rising interest rates were causing hardship… Read More »
A recent press report said that NHB has said that it will soon come out with a directive to abolish penalty on pre-payment of floating loans. Mr. R. V. Verma, Chairman and Managing Director, NHB, said that it has planned to issue a circular for doing away with pre-payment charges levied by housing finance companies.… Read More »
A recent press report said that the National Housing Bank (NHB) has identified a technical partner for its mortgage guarantee foray and expects this four-way joint venture to take off by March next year. Reports said that a mortgage guarantee company will provide credit guarantee to housing finance companies and banks on behalf of home… Read More »
A recent press report said that Karur Vysya Bank has added 10 branches and 50 ATMs to its network, to take its total branch network to 386 and ATMs to 583. The bank is aiming to have a network of 400 branches and 600 ATMs by end-September. Reports said that Mr. R. Gopalan, Secretary, Department… Read More »
A recent press report said that IDBI Bank has won Wins Dun & Bradstreet Banking Awards 2011 for two categories namely overall Best Bank in India and the Best Public Sector Bank in India. Dun and Bradstreet (D&B), the world’s leading provider of global business information, knowledge and insight, announced and presented the ‘Dun &… Read More »
A recent press report said that HSBC is planning to grow its unsecured Indian loan portfolio, mainly credit cards as its retail operation moves towards a return to profitability in Asia’s third-largest economy. Reports said that banks in the country have cut down unsecured lending after personal loans and credit card dues turned bad following… Read More »
A recent press report said that the National Housings Bank (NHB) has waived off the penalty on pre – payment of the home loans. This would help the housing finance companies (HFC) to have an edge over banks during this festival season. Bankers have said that the Reserve Bank of India (RBI) should also introduce… Read More »