A recent press report said that IDBI Bank has won Wins Dun & Bradstreet Banking Awards 2011 for two categories namely overall Best Bank in India and the Best Public Sector Bank in India. Dun and Bradstreet (D&B), the world’s leading provider of global business information, knowledge and insight, announced and presented the ‘Dun &… Read More »
A recent press report said that HSBC is planning to grow its unsecured Indian loan portfolio, mainly credit cards as its retail operation moves towards a return to profitability in Asia’s third-largest economy. Reports said that banks in the country have cut down unsecured lending after personal loans and credit card dues turned bad following… Read More »
Stock markets are in the news everyday and they make an excellent place for spiritual learning Whenever you think or talk about it or invest in the stock market, you would not normally look at the spiritual perspective Stock markets are about buying and selling, profit and loss, bulls and bears and anticipation While people… Read More »
Gold is considered an excellent hedge when market conditions are volatile, high credit interest rates prevail and when inflation is high. Currently all three conditions hold true, making gold a much sought after investment option. Recent spurt in gold prices has spruced up the value of the yellow metal further. Not only is it providing… Read More »
A recent press report said that the National Housings Bank (NHB) has waived off the penalty on pre – payment of the home loans. This would help the housing finance companies (HFC) to have an edge over banks during this festival season. Bankers have said that the Reserve Bank of India (RBI) should also introduce… Read More »
Is it time to panic or is it time to smile? Depends on which side of the wall you are in. If you are a contrarian, sitting on cash patiently for this day to come, you have reasons to rejoice. But, has the day arrived?
A recent press report said that the finance ministry has asked all PSU banks to hold board meeting for two consecutive quarters in New Delhi. As per reports one of the main reasons for the meeting is the ministry’s keenness to ensure that one of its officials, Mr. D.K. Mittal, secretary – financial services, is… Read More »
A recent press report said that the Export-Import Bank of India has approved a concessional loan of 13 million US dollars to finance the construction of a solar panel factory in southern Mozambique. Reports said that the credit agreement was signed in Maputo by Mozambique’s Minister of Finance, Mr. Manuel Chang, and Exim-Bank chairman, Mr.TCA… Read More »
A recent press report said that Mahindra Reva Electric Vehicles Private Limited (Mahindra REVA), pioneer of electric vehicle technology in India, announced that it has tied-up with the Export-Import Bank of India (Exim Bank) for a loan of Rs 50 crore. Exim Bank will finance for the vehicle manufacturer under its Research & Development (R&D)… Read More »
A recent press report said that Exim Bank (Export-Import Bank of India) is expecting products benchmarked to government security (G-sec), than base or benchmark prime lending rate (BPLR), to gain more popularity among exporters. Mr. T C A Ranganathan, Chairman and Managing Director, Exim Bank said that the Companies should choose loans benchmarked to government… Read More »