A recent press report said that the Export-Import Bank of India has approved a concessional loan of 13 million US dollars to finance the construction of a solar panel factory in southern Mozambique. Reports said that the credit agreement was signed in Maputo by Mozambique’s Minister of Finance, Mr. Manuel Chang, and Exim-Bank chairman, Mr.TCA… 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 Corporation Bank is unlikely to increase the lending rate Mr. Ramnath Pradeep, Chairman and Managing Director of the bank, told the press that there is a need for the banks to take a call on increasing interest rates but the bank has not planed to increase the rates this… 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 »
A recent press report said that the Indian Banks’ Association (IBA) has circulated a revised Model Educational Loan Scheme to its member banks with broad operational guidelines. The Banks can adopt the scheme by making necessary changes to their existing schemes. Reports said that banks have been asked to ensure that the Educational Loans Scheme… Read More »
A recent press report said that TMB Bank has put Mr. Paphon Mangkhalathanakun in charge of its new loan portfolio, targeting small businesses working in the supply chains of large companies. Mr. Paphon Mangkhalathanakun said that the bank is looking for growth in the supply-chain business. Reports said that the bank’s SME loan portfolio has… Read More »
A recent press report said that the rising interest rates have pulled down the banking indices by as much as 13 per cent since the last rate increase by the RBI. The BSE Bankex and Bank Nifty fell by 13.57 per cent and 13.61 per cent, respectively between July 26 and August 18. Reports said… Read More »
The Reserve Bank of India has asked banks to obtain board resolutions from companies on their risk management policy before offering derivatives products. The RBI said that banks should not undertake derivative transactions with, or sell structured products to, users who do not have properly documented policies regarding management of risks that include, among other… Read More »
A recent press report said that the Governor of the Reserve Bank of India, Dr Subbarao, and the Deputy Governor, Dr K.C. Chakraborty, held a meeting with top bankers in the State to review the pace of financial inclusion implementation in Karnataka. According to a top official of a Bangalore-based public sector bank, the RBI… Read More »
A recent press report said that Home loans major HDFC Ltd has hiked its retail prime lending rate by 50 basis points to 16.5 per cent, with effect from August 1, 2011. Reports said that the revised interest rates on floating rate home loan up to Rs 30 lakh has become 10.75 per cent; for… Read More »