A recent press report said that the public sector bank IDBI has planned to raise around $ 200 million overseas fund through medium term notes from Switzerland market. In his statement Mr. Melwyn Rego, the Executive Director of IDBI bank said that they have been observing the Switzerland market keenly and the Korean Exim bank… Read More »
A recent press report said that the Reserve Bank of India is facing heat to announce the monetary policy for the second half of this fiscal year from both industry and growth of inflation. On one hand the industrial players and consumers look forward that the RBI might not increase the interest rates as that… Read More »
A recent press report said that the total value of transactions carried out through cheques throughout the country was down by 8.3 per cent in the month of August, 2011 compared to the same period last year. According to the data released by the Reserve Bank of India, cheques worth Rs.8.11 lakh crore were cleared… Read More »
A recent press report said that the banks have decided to extend the tenure of the home loans after stimulation of the Government and the fear of risks to asset quality. Many public sector banks such as State Bank of India, Central Bank, Syndicate Bank and Canara Bank have decided to increase the period of… Read More »
A recent press report said that the Finance Ministry has considered distributing automated teller machines (ATMs) district – wise in order to make the ATMs viable for banks. The Ministry has felt that this move would reduce the cost of setting up the ATM infrastructure as well as it also guarantees the distribution. The banks… Read More »
According to a recent press report, Dr K. Rosaiah, Governor, Tamil Nadu, who addressed the 95th Founders Day celebration of Karur Vysya Bank, appreciated the bank for taking banking services to the masses. On addressing the 95th Founders Day celebration of the bank, he said that nationalization of banks in 1969 gave a standard shift… Read More »
According to a recent press report, Dr K. Rosaiah, Governor, Tamil Nadu, who addressed the 95th Founders Day celebration of Karur Vysya Bank, appreciated the bank for taking banking services to the masses. On addressing the 95th Founders Day celebration of the bank, he said that nationalization of banks in 1969 gave a standard shift… Read More »
A recent press report said that IDBI Mutual Fund, a wholly-owned subsidiary of IDBI Bank has launched an open-ended gold exchange traded fund (ETF) for retail investors. Reports said that the new fund offer (NFO) will be opened for subscription from 19 October and will end on 2 November 2011. The allotment of units is expected… Read More »
A recent press report said that Dewan Housing Finance Corporation Limited has planned to raise about Rs 1,000 crore before end-2011 or in the fourth quarter of this fiscal. Mr. Anil Sachidanand, CEO, DHFC, told the press that the company was planning to raise capital of Rs. 750 crore to Rs 1,000 crore before this… 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 »