A recent press report said that inflation which is currently prevailing high would slide down in the coming months. In spite of ardent efforts made by the Reserve Bank of India by tightening the monetary policy in order to curb the inflation, the inflation rate is above the comfort zone of the Government which is… Read More »
According to a recent press report State Bank of India has planned to raise overseas fund to meet the foreign currency requirements of its customers. In his statement Mr. Hemant Contractor, Managing Director of International Operations of SBI said that the bank would decide on raising overseas funds next month. The bank has already planned… Read More »
According to reports from Axis Bank, the banks have announced that the following changes will come into effect from 1st November 2011. With respect to the usage of other bank ATM’s, it has said that the transactions on prepaid cards i.e. the cash withdrawals would be Rs. 20.00/- (including taxes) per Financial transaction and Rs.… Read More »
A recent press report said that the Finance Ministry has favored in setting up of white-level ATMs in the country in order to increases the diffusion of banking services. White-level ATMs are not owned by banks but by private ATM service providers. Such ATMs will help take banking services to remote places. Besides, it will… Read More »
According to a report from the Reserve Bank of India, Wholesale price index (WPI) based inflation has shown a negative impact on Growth. The Empirical data (April –June quarter of 1996-97 to October-December quarter of 2010-11) has also shown a negative impact on Growth. Addition to that statistical data there is structural break in relation… Read More »
As per the analyst report, due to a slowdown in credit demand in the second quarter of this fiscal, Public and private sector banks have been experienced an average growth rate of 10% in their earnings. Analysts from Kotak Institutional Equities and Sharekhan had said that public sector lenders are likely to have experienced lower… Read More »
According to a recent press release Bank of Baroda, a public sector bank has offered special home loans and car loans as festival offer. The home loans according to this offer would be given within six days of application and similarly, car loans would be offered within two days period. The home loans provided under… 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 a recent press report, Indian overseas Bank has planned to establish another branch in Bangkok. According to Mr. M. Narendra, the Chairman and Managing Director of IOB, the bank has applied to the Reserve Bank of India for its consent to open one more branch in Bangkok. He added that the Thailand authorities… Read More »
A recent press report said that top bankers have told the Reserve Bank of India that it was time to take a break from its monetary tightening cycle. Reports said that the bankers told the RBI at the pre-monetary policy review consultation meeting that its hike in short-term interest to control inflation has muted credit… Read More »