A recent press report said that Pravara Sahakari Bank Limited has been penalised by the Reserve Bank of India , in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation of directives/guidelines of the Reserve… Read More »
A recent press report said that International Monetary Fund (IMF) has reported that the Reserve Bank of India’s policy to increase the interest rate is to control inflation is a correct action. The IMF had stated this in its report produced during the Credit Policy Review Meeting. Reports said that in developing countries such as… Read More »
A recent press report said that Corporation Bank has not seen any rise in delinquency, despite the rising interest rate regime. Reports said that on of the bank official has said that the bank has not seen any rise in defaults in the recent time, in spite of the rate hikes by the central bank.… Read More »
According to a recent press report Mr. Nagesh Pydah, Chairman and Managing Director, Oriental Bank of Commerce has said that the bank is expecting a 20 per cent growth in its bottom line this fiscal with higher credit growth and enhanced focus on average interest bearing assets. He also said that the 20 per cent… Read More »
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 »