A recent press release said that the Reserve Bank of India has expected that the monetary tightening together with reducing commodity prices would help the inflation rate to go down from December onwards touching 7 per cent by March end and might further moderate in the first half of 2012 – 2013. Though the growth… Read More »
A recent press report said that the Reserve Bank of India has relaxed the branch opening norms in Tier II cities in order to improve and encourage the domestic scheduled banks to expand their branches in these areas. Hence the domestic banks need not require any prior approval to set up branches in Tier II… Read More »
A recent press report said that the Finance Ministry has planned to infuse Rs. 10, 000 to Rs. 20, 000 crore into the public sector banks in order to reinforce them and hence the ministry also wanted the banks to work more efficiently to earn high returns. Mr. D.K. Mittal told that the executive level… 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 »
As per the recent press report it is seen that the banks are facing a challenge of rising nonperforming assets (NPA) and the difficulty to recover them. Recently the State Bank of India has been downgraded by the Moody credit rating agency on this regard where the gross nonperforming assets grew to 3.52 per cent… 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 financial inclusion measures and increased customer focus has significantly changed the Indian Banking scene from class banking to mass banking. In his statement, Mr. S. K. Chatterjee, director of Lucknow – based Bankers Institute of Rural Development (BIRD) said that India still has a great potential for retail… 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 »
A recent press report said that National Housing Bank (NHB) has planned to be the housing sector’s window for external commercial borrowings (ECBs). It desires to pass on benefits of ECBs, including low cost, to the housing-finance sector without transferring any risks. Mr. R.V. Verma, Chairman and Managing Director, NHB, told the press that NHB… Read More »