A recent press report said that IDBI Bank has introduced a dual rate scheme according to which a home loan borrower will enjoy fixed rate of interest for the first two years and later switch over to floating rate. The bank has also reduced the floating home loan rates by 25 – 50 basis points… Read More »
According to the recent report from the Press Trust of India, the public sector lender IDBI has planned to launch infrastructure debt fund with the help of various financial institutions and the state owned banks. The Regulatory Body the Reserve Bank of India has to give approval to banks to lauch those products, once the… Read More »
A recent press report said that the Retail and corporate credit, including home and auto loans, are likely to become costlier due to the RBI’s latest increase in the key rate. Mr. S. C Sinha, Executive Director, Oriental Bank of Commerce said that banks might increase both lending and deposit rates following the RBI action. He… Read More »
A recent press report said that the recent hike in key interest rates by the Reserve Bank of India might make the bankers increase their interest rates on the retail loans and corporate credit including home loans and auto loans. According to Mr. S. C. Sinha, Executive Director of Oriental Bank of Commerce, the banks… Read More »
A recent report from the Reserve Bank of India said that the credit pick – up are coming up in the busy season for the banks. As per the data released by the RBI, scheduled commercial banks have disbursed loans to a total amount of Rs. 55, 443 crore. According to bankers, due to high… Read More »
As per a recent press report it is seen that decelerating credit demand, increased provision for bad debts and low margins due to tight monetary policies are likely to affect the bank profits of September quarter to fall. The weakening investment environment has caused serious impact in credit growth and reports said that this movement… Read More »
A recent press report said that India Infrastructure Finance has planned to take over Rs 600 crore worth of loans from state-owned IDBI Bank, as part of a take-out finance pact between the two. According to reports from the RBI website institution or bank financing the infrastructure projects will have an arrangement with any financial… Read More »
A recent press report said Public sector Corporation Bank and Andhra Pradesh Small Scale Industries Association (APSSIA) have signed an MoU to support small and micro industries in the city and its surrounding areas. According to reports, Mr. B. Laxminarayna, Corporation Bank Deputy General Manager (Vijayawada region) and Mr. D. V. K. Rama Rao APSSIA… Read More »
A recent press report said that customers looking for attractive financing options for home loan or car loans during the season might be in for a disappointment as banks are either delaying their decisions to announce special schemes for festive season due to uncertainty over interest rates or have decided against offering interest subsidy on… Read More »
A recent press report said that IDBI Bank has launched IDBI Bank ‘Being Me’, on the occasion of the International Youth Day. IDBI Bank’s ‘Being Me’ is a Savings account with an International Debit Card, designed to financially empower the youth. The concept of ‘Being Me’ is to stress the importance of financial independence, essence… Read More »