A recent press report said that Dhanlaxmi Bank, as a part of its strategy has planned to focus on the self employed rather than salaried class to increase its retail portfolio especially home loans. According to Mr. Arvind Halli, Head – Retail Assets and Credit Card, Dhanlaxmi Bank, though the self employed customers seem more… Read More »
According to a recent report the RBI has increased the amount that the exporters can receive through service providers. The RBI offered the enhancement of amount that can be received as export remittances through Online Payment Gateway Service Providers (OPGSPs) from $500 to $3000. The Central Bank has permitted the banks dealing with foreign exchange… Read More »
A recent press report said that Maharashtra Government has planned to extend the crop loan limit to Rs. 1 lakh from Rs 50,000 earlier under zero per cent interest rate scheme. Reports said that the decision was taken at the weekly Cabinet meeting chaired by Chief Minister Mr. Prithviraj Chavan. He said that the extension… Read More »
A recent press report said that the Reserve Bank of India, in its recent notification has made it clear that banks that offer loan to farmers under the Kisan Credit Card will be treated as direct finance for agriculture under priority sector lending. The RBI reports mentioned that the credit under the KCC is mainly… Read More »
A recent press report said that Pallavan Grama Bank, the widely known regional rural lender has implemented mobile banking technology in terms of Kisan credit card. The bank has started the process on a pilot basis. Reports said that the National Bank for Agriculture and Rural Development (NABARD) has offered the project, funds worth Rs… Read More »
A recent press report said that HSBC Bank Middle East Limited (HSBC) had sponsored the second Oman Capital Markets Forum. Reports said that the two-day event was prearranged by Oman International Trade and Exhibitions (CITE) in association with Muscat Securities Market and the Capital Markets Authority of Oman. Reports also said that HSBC has offered… Read More »
A recent press report said that HSBC Bank Middle East Limited (HSBC) had sponsored the second Oman Capital Markets Forum. Reports said that the two-day event was prearranged by Oman International Trade and Exhibitions (OITE) in association with Muscat Securities Market and the Capital Markets Authority of Oman. Reports also said that HSBC has offered… Read More »
According to the Reserve Bank of India’s balance of payments data released recently, the net direct investment into India has increased significantly by $7.2 billion during the April to June 2011 period, against $2.9 billion in the corresponding quarter last year. Reports said that the net loans offered by banks were at $11.5 billion compared… Read More »
A recent press report said that the Department of Industrial Policy and Promotion has said that the strategy used by the RBI’s to control inflation is wrong. Reports said that the industry department has suggested an alternative to the central bank to control inflation. Reports said that the central bank has raised its policy rates… Read More »
A recent press report said that Central Bank of India has entered into a MoU with Maruti Suzuki India Limited in order to finance Maruti Car. The MoU was signed by Mr. B. N. S. Ratnakar, General Manager, on behalf of the Bank and Mr. R. S. Kalsi, Exeucitve Director on behalf of the Maruti… Read More »