A recent press report said that the recent rate hike by the Reserve Bank of India in spite of slowing down economy has disappointed the Indian corporates. In his statement Mr. Harsh Pati Singhania, Managing Director of JK Paper said that it has already being seen that the higher interest rates has resulted in deterioration… Read More »
A recent press release said that in order to maintain the credit growth in the scenario of economic slowdown the Jaipur – based State Bank of Bikaner and Jaipur has decided to cut short the lending to corporate and increase the retail loans. According to Mr. Shiva Kumar, Managing Director of SBBJ, the bank currently… Read More »
A recent press report said that the rise in savings deposits is likely to build up pressures in the profitability of the banks as the cost of funds would be higher in the midst of slowing growth in loans and advances. Mr. Suman Chowdhury, the Head of Crisil Ratings said that the rise in savings… Read More »
A recent press report said that the roles of valuers have become important in this age of globalisation and liberalization and that they have occupied an important role in stabilising the economy besides generating more revenues for the government. Mr. P.K. Thiagarajan, national president, Institution of Valuers said that the RBI has made it mandatory… Read More »
A recent press release said that the Reserve Bank of India has expected that the monetary tightening together with reducing commodity prices would help the inflation rate to go down from December onwards touching 7 per cent by March end and might further moderate in the first half of 2012 – 2013. Though the growth… Read More »
A recent press report said that the Indian companies have currently stopped their expansion plans as the Reserve Bank of India has increased the key interest rates for the 13th time since March 2010. The Chief Executive Officer of a secondary steel manufacturer said that they have held back their plans of expanding brown field… Read More »
A recent press report said that the private insurer IndiaFirst Life Insurance has launched Money Balance Plan, a new life insurance plan that provides insurance cover on life and also an additional benefit to earn and secure returns on the invested money. IndiaFirst Life Insurance is a joint venture between two large public sector banks… Read More »
A recent press report said that the Reserve Bank of India has relaxed the branch opening norms in Tier II cities in order to improve and encourage the domestic scheduled banks to expand their branches in these areas. Hence the domestic banks need not require any prior approval to set up branches in Tier II… Read More »
A recent press report said that the Kerala – based Federal Bank has reported a net profit of Rs. 191.6 crore for the second quarter ended September, 2011 which has risen 36 per cent against the net profit of the corresponding period last year. The bank said that in spite of the challenging economic condition… Read More »
A recent press report said that the Finance Ministry has planned to infuse Rs. 10, 000 to Rs. 20, 000 crore into the public sector banks in order to reinforce them and hence the ministry also wanted the banks to work more efficiently to earn high returns. Mr. D.K. Mittal told that the executive level… Read More »