A recent press report said that in order to control the mispricing of risks and the lack of transparency in loan pricing, the RBI has planned to set a group to suggest ways to have a transparent and non-discriminatory regime. The RBI has said that there are many chances of risk mispricing and lack of… Read More »
According to a recent press report the India’s market capitalization record is rising in the international level. Reports said that the market capitalization is positively affected by the Indian equities in the global market and in the financial sector the opportunities are expanding. Reports said that the capitalization was growing $ 46.5 trillion increasing amount… Read More »
A recent press report said that IndusInd Bank has appointed Mr. Arun Khurana as its new head of global markets group. He has succeeded Moses Harding who was leading global market group till now and is going to take a new assignment as head of ALCO and economic & market research reporting directly to IndusInd… Read More »
As per a recent report from the RBI, India’s foreign exchange reserves have gone down $4.056 billion to $312.707 billion. The report said that India’s foreign exchange reserves raised $266 million to $316.763 billion. Reports said that the reserves had declined due to a fall of $3969 billion in the country’s foreign currency assets to… Read More »
According to a recent press report, IndusInd bank has raised its deposit rates from 4 percent to 6 percent which is 2 percent more than the previous rate. Reports said that the private sector lender has increased the interest up to 200 basis points, and through this the bank will offer the customers around 6… Read More »
According to a recent press report HDFC Ergo, which is in an expansion stage is in need of about Rs. 80 crore from the promoter end. Mr. Ritesh Kumar Chief Executive Officer HDFC Ergo General Insurance informed that they already invested about Rs 75 crore, additionally they require Rs 25-30 crore in the current fiscal… Read More »
According to a recent press report HDFC Ergo, which is in an expansion stage is in need of about Rs. 80 crore from the promoter end. Mr. Ritesh Kumar Chief Executive Officer HDFC Ergo General Insurance informed that they already invested about Rs 75 crore, additionally they require Rs 25-30 crore in the current fiscal… Read More »
According to a recent press report the net profit of from the Bank of Baroda has gone up by 14.4 % in the second quarter. The net profit of the bank has increased from Rs. 1019 crore to Rs. 1166 crore compared to the previous year results. The net interest income of the bank has… Read More »
A recent press report said that improved asset quality and loan growth has boosted the net profit of ICICI Bank. The bank has recorded a net profit of 21.6 percent in the second quarter and has broken the market forecast. As per the resulted of the second quarter the bank The has seen an increase… Read More »
A recent press report said the Public sector bank IDBI bank has announced the book closure to repay the bonds of 2011 which is to be matured on December 16. The bank said that the principal amount of the 2011 bone series would be repaid at par on December 16th. The interest on these bonds… Read More »