A recent press report said that Corporation Bank has said that despite the continuous rise in interest rates, there has not been any corresponding rise in defaults. A top official of the bank told the press that there has not been any rise in defaults in the recent time, in spite of repeated policy rate… 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 »
A recent press report said that credit card transactions in the month of August were 29.1% which is greater than the transactions in the same month last year of about Rs.8078.98 crores. The estimated Credit card transaction were aggregated to Rs. 6,259.42 crore in August 2010. The credit cards circulation has come down by 6.7%,… 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 »
A recent press report said that Karnataka Bank has given KPMG Advisory Services (P) Ltd. the task of conducting the business process re-engineering for the bank. According to a statement given by Mr.P.Jayarama Bhat, Managing Director and Chief Executive Officer of the bank, the bank has taken up this process or re-engineering its process in… Read More »
A recent press report said that Dhanlaxmi Bank, as a part of its strategy has planned to focus on the self employed rather than salaried class to increase its retail portfolio especially home loans. According to Mr. Arvind Halli, Head – Retail Assets and Credit Card, Dhanlaxmi Bank, though the self employed customers seem more… Read More »
According to a recent report the RBI has increased the amount that the exporters can receive through service providers. The RBI offered the enhancement of amount that can be received as export remittances through Online Payment Gateway Service Providers (OPGSPs) from $500 to $3000. The Central Bank has permitted the banks dealing with foreign exchange… Read More »
A recent press report said that HSBC Bank Middle East Limited (HSBC) had sponsored the second Oman Capital Markets Forum. Reports said that the two-day event was prearranged by Oman International Trade and Exhibitions (OITE) in association with Muscat Securities Market and the Capital Markets Authority of Oman. Reports also said that HSBC has offered… Read More »
A recent press report said that Public sector lender UCO Bank has announced the appointment of Mr. R Chandrasekharan as the new executive director for the bank. Mr. R Chandrasekharan has a banking experience of about 35 years; he has worked across different segments of banking operations. He started his career as probationary officer of… Read More »
A recent press report has said that The Housing Development Finance Corp (HDFC) has upsized its issue to Rs 1,000 crore, which is twice its initial size, as it received strong investor demand. Sources from HDFC have said that the company is looking at a very good demand from corporates, insurance companies and foreign institutional… Read More »