According to a recent press report, Reserve Bank of India’s chief has said that rupee has been depreciating continuously for last few months which have affected the import cost. He suggested that as a result of this problem, the growth of central bank has been declined and the foreign exchange rate is influenced by market… Read More »
According to a recent press report banking regulation is not supposed to set up an Automated Teller Machine (ATM) in the post office. India Post had planned to set up automated teller machines (ATMs) in its post offices but it has failed to get the acceptance from a banking regulator. India Post is in talks… 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 »
In a recent press report, Mr. P.Nanda Kumaran, Managing Director of State Bank of Travancore said that SBT has steadily picked up mobile banking services. In his statement Mr. Nanda said that the mobile banking services in SBT is progressively gaining momentum and it has nearly touched a five digit number in case of registrations… Read More »
In his recent statement Mr. P.Nanda Kumaran, who has recently taken over as the Managing Director of the bank said that State Bank of Travancore has completed the target of financial inclusion order by the Reserve Bank of India to all the banks. The RBI has mandated banks throughout the country to appoint a business… Read More »
According to a recent press report the public sector bank State Bank of Travancore headquartered in Trivandrum has announced a festival offer of increased rate of interest for deposits. Under this scheme the customers can make deposits for a period of 500 days and earn attractive interest rates. The bank has announced a 10 per… Read More »
A recent press report said that the RBI has announced that the Supervision of all Microfinance institutions will be under its control and that there is no plan of outsourcing the Regulatory framework regarding the MFIs Function. Dr. K.C. Chakrabarty, Deputy Governor, in a seminar said that the RBI’s main Goal is to make the… Read More »
A recent press report said that Bank of India has planned to establish four more branches abroad in Uganda, Rwanda, Bostwania and Canada. The bank presently draws 19 per cent of its business in international operations across five continents and has now planned to launch four more subsidiaries overseas. Mr.N.Seshadri, Executive Director of Bank of… Read More »
A recent press report said that the Textiles Ministry is working on a plan to restructure the loans borrowed by the textiles units from the government at concessional interest rates. The restructure of loans borrowed is expected to give relief to the textile units. According to an official statement the restructuring plan might consider moratorium… Read More »