According to the press report, Reserve Bank of India has said that the non-resident Indians those who are stated in the foreign countries, can maintain the account in the India as a non resident accounts which can be maintained in any type of currency which is fully convertible. RBIs action toward this policy is mainly… Read More »
A recent press report State bank of India, the country’s largest commercial bank is looking at the rights issue for capital infusion. The central government is holding 59.4 per cent of major shares of SBI. Government has an influencing authority to frame the fund raising route. It has decided to infuse the capital through preferential… Read More »
A recent press report said that National housing Bank has asked the housing financing companies not to levy penalties on pre-closure of loans, subjected to certain situations. The bank which regulates and supervise the housing finance companies, has directed all housing finance companies to maintain the consistent in floating rate interest for both old and… Read More »
According to a recent press report the Reserve Bank of India is determined to do policy review in between pause and rise in the Repo rate. Reports said that the RBI has a plan to increase the rates, but the Industry lobbies are against the tightening. The RBI refusal feels that the bank is anxiety… Read More »
A recent press report said that YES bank’s profit has increased from 176 crore to 235 crore in the July – September 2011 compared to the previous year. Mr. Rana Kapoor, CEO and Managing Director YES Bank said that the growth in the profit was through the Diversification of income said by. The net interest… Read More »
According to the recent press report Dalmier India Commercial vehicle (DICV) and HDFC Bank has tied up together for financing commercial vehicles. The CEO and Managing Director Mr. Marc Llistosella of DICV and HDFC Bank managing Director Aditya Puri had signed the MOU for their combined operations. Reports said that HDFC Bank will analyse the… Read More »
According to a recent press report Mr. Amitabh Chaturvedi, MD and CEO, Dhanlaxmi Bank has said that the bank has planned to shore up their capital adequacy ratio and also to support its expansion plans. Mr. Chaturvedi on speaking about the allegations of fudging of accounts and under-provisioning said that there was no concern with… Read More »
According to a recent press report Mr. B. Muthuraman, President, Confederation of Indian Industry has said that the Central bank should put a pause to its interest rate hikes as the consumer and capital goods segments are showing slow growth According to Mr. Salil Bhandari, the Punjab, Haryana Chamber President, it is essential to ensure… Read More »
According to a recent press report State Bank of Bikaner and Jaipur, has planned to offer instant car loans online for customers with clean financial record. Reports said that borrowers interested in the offer can login the website, sbbjbank.com and apply online. If the applicant is eligible for the loan a sanction letter will be… Read More »
According to a recent press report the fixed Deposit scheme offered by Mahindra finance provides maximum security, maximum 12.58% returns to their customers. The credit rating Agency FAAA CRISIL has rated Mahindra Finance as highest safest one to Deposit. Mahindra and Mahindra Financial Services Limited is one of India’s leading non-banking finance companies. The bank… Read More »