According to a recent press report country’s largest lender State Bank of India’s chairman Pratip Chaudhuri has said there will be a hike in its interest rates in the next 15 days. He said that the bank is likely to hike its rate in another 15 days. He also said that the quantum of the… Read More »
A recent press report said that the National Housings Bank (NHB) has waived off the penalty on pre – payment of the home loans. This would help the housing finance companies (HFC) to have an edge over banks during this festival season. Bankers have said that the Reserve Bank of India (RBI) should also introduce… Read More »
A recent press report said that the finance ministry has asked all PSU banks to hold board meeting for two consecutive quarters in New Delhi. As per reports one of the main reasons for the meeting is the ministry’s keenness to ensure that one of its officials, Mr. D.K. Mittal, secretary – financial services, is… Read More »
According to a recent press report Mr.T.C.A. Ranganathan, the Chairman and Managing Director of Exim Bank, said that there could be more rate hikes as inflation indices were still ruling high. He said that the recent policy rate hike by the RBI will not be the last time that we are seeing a rate hike,… Read More »
A recent press report said that Private lender Dhanlaxmi Bank has hiked base rate, or the minimum lending rate, by 25 basis points to 11 per cent, while loans under the older benchmark prime lending rate will be dearer by 50 bps at 20.75 per cent. Reports said that Dhanlaxmi Bank is the first lender… Read More »
According to a recent press report BNP Paribas SA has planned to expand its team that researches Japanese technology companies as it sees many of these firms thriving on exports of niche products. Weiyee In, head of technology, media and technology research at BNP Paribas Securities Asia Ltd, said that banks would soon hire a… Read More »
A recent press report said that Kerala State Financial Enterprises would provide educational loans up to Rs.10 lakh to students belonging to families whose annual income was below Rs One lakh, state Finance Minister Mr. K M Mani said. Reports said that the loans would be disbursed under the ‘Vidyadhanam’ scheme of the government at… Read More »
A recent press report said that a Parliamentary panel wants the Reserve Bank of India (RBI) to frame guidelines on pricing of factoring services in order to prevent any “exploitative practices” by ‘factors’. It also wants the rates charged by ‘factors’ not be higher than those charged by banks for receivable financing. These suggestions form… Read More »
A recent press report said that BNP Paribas does not need any financial support and has no knowledge of any move by German engineering group Siemens to withdraw deposits from a large French bank. Mr. Michel Perebeau, Chairman of the bank said that the bank has no need at the moment for any recapitalization. When… Read More »
A recent press report said that the Reserve Bank of India (RBI) has asked banks to develop effective risk management controls for lending to small scale enterprises (SME). According to reports the RBI has said that lending to the SME sector was extremely essential for economic growth, but still a policy change is required to… Read More »