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 HSBC India’s profit before tax has increased by 33 per cent year-on-year to $451 million, during the half-year ended June 2011. Reports said that the growth was mainly from commercial banking and global banking and markets segments, even as the foreign bank cut down the losses in its retail… Read More »
A recent press report said that State Bank of India, exceeding RBI’s limit on exposure to single borrower has sanctioned loans to corporates such as RIL, IOC, Tatas and HDFC in the past three financial years. Reports also said that Bank of India also has gone past the Reserve Bank’s limit in the last two… Read More »