A recent press report said that the finance ministry has asked all PSU banks to hold board meeting for two consecutive quarters in New Delhi. As per reports one of the main reasons for the meeting is the ministry’s keenness to ensure that one of its officials, Mr. D.K. Mittal, secretary – financial services, is… Read More »
A recent press report said that the Export-Import Bank of India has approved a concessional loan of 13 million US dollars to finance the construction of a solar panel factory in southern Mozambique. Reports said that the credit agreement was signed in Maputo by Mozambique’s Minister of Finance, Mr. Manuel Chang, and Exim-Bank chairman, Mr.TCA… Read More »
A recent press report said that Mahindra Reva Electric Vehicles Private Limited (Mahindra REVA), pioneer of electric vehicle technology in India, announced that it has tied-up with the Export-Import Bank of India (Exim Bank) for a loan of Rs 50 crore. Exim Bank will finance for the vehicle manufacturer under its Research & Development (R&D)… Read More »
A recent press report said that Exim Bank (Export-Import Bank of India) is expecting products benchmarked to government security (G-sec), than base or benchmark prime lending rate (BPLR), to gain more popularity among exporters. Mr. T C A Ranganathan, Chairman and Managing Director, Exim Bank said that the Companies should choose loans benchmarked to government… Read More »
According to a recent press report Mr.T.C.A. Ranganathan, the Chairman and Managing Director of Exim Bank, said that there could be more rate hikes as inflation indices were still ruling high. He said that the recent policy rate hike by the RBI will not be the last time that we are seeing a rate hike,… Read More »
A recent press report said that Private lender Dhanlaxmi Bank has hiked base rate, or the minimum lending rate, by 25 basis points to 11 per cent, while loans under the older benchmark prime lending rate will be dearer by 50 bps at 20.75 per cent. Reports said that Dhanlaxmi Bank is the first lender… Read More »
A recent press report said that Corporation Bank is unlikely to increase the lending rate Mr. Ramnath Pradeep, Chairman and Managing Director of the bank, told the press that there is a need for the banks to take a call on increasing interest rates but the bank has not planed to increase the rates this… Read More »
A recent press report said that Canara bank had organised a mega Canadalat. Repots said that the mega Canadalat organised by the bank evoked tremendous response and 208 non-performing asset (NPA) borrowers attended the meet. According to press reports the got received settlement of Rs 190 lakh on the occasion and a spot cash recovery… Read More »
A recent press report said that Bank of Baroda has joined hands with Manipal Education to start up a banking school. The school is named the Baroda Manipal School of Banking (BMSB) and is set up to train the future employees of Bank of Baroda before they start working as probationary officers (PO) in the… Read More »
According to a recent press report BNP Paribas SA has planned to expand its team that researches Japanese technology companies as it sees many of these firms thriving on exports of niche products. Weiyee In, head of technology, media and technology research at BNP Paribas Securities Asia Ltd, said that banks would soon hire a… Read More »