A recent press report said that foreign loans have suddenly become very attractive scheme for Indian corporate due to the interest rate differential and a sharp drop in hedging costs. Top Indian corporate can now raise fully hedged foreign loans at 100 to 200 basis points below domestic loans. This arbitrage opportunity has led to… Read More »
A recent press report said that Corporation Bank has planned to focus on direct lending to farmers during the current financial year. Mr. Ramnath Pradeep, Chairman and Managing Director, Corporation Bank, told the press that the bank will substantially improve lending to agriculture this year in order to save significant amount which is required to… Read More »
Reserve Bank of India (RBI) proposed the base rate system to replace the prime lending rate (PLR) for banks to bring about more transparency in the lending operations of the bank across the country. The base lending rate shows the actual cost to banks that has to be covered through lending. RBI’s definition of base… Read More »
Recent reports said that the Reserve Bank of India is set to tighten interest rates through the major part of this fiscal. This is because the central bank sees high global crude oil and other commodity prices keeping the inflation rate above its comfort level, and affecting growth. The RBI said continuous inflation has made… Read More »
According to a recent press report, Mr. Anand Sinha, Deputy Governor, Reserve Bank of India, at a seminar on ‘Beyond core banking’, organised for the directors of banks by the Institute for Development and Research in Banking Technology (IDRBT) said that it was important for the banks to strengthen Internet technologies to contain hacking and… Read More »
Dombivli Nagari Sahakari Bank Ltd. Was established on 6th September 1970 in Dombivli town with a population of 2 to 3 lakhs only at that time. The “Scheduled Bank” status was conferred upon Dombilvli Bank by Reserve Bank of India in 1996. The bank which is now known as “Dombivli Bank” has opened its branches… Read More »
Dombivli Nagari Sahakari Bank Ltd. Was established on 6th September 1970 in Dombivli town with a population of 2 to 3 lakhs only at that time. The “Scheduled Bank” status was conferred upon Dombilvli Bank by Reserve Bank of India in 1996. The bank which is now known as “Dombivli Bank” has opened its branches… Read More »
Dombivli Nagari Sahakari Bank Ltd. Was established on 6th September 1970 in Dombivli town with a population of 2 to 3 lakhs only at that time. The “Scheduled Bank” status was conferred upon Dombilvli Bank by Reserve Bank of India in 1996. The bank which is now known as “Dombivli Bank” has opened its branches… Read More »
A recent press reports said that the Reserve Bank of India has directed banks to incorporate disaster management guidelines for infra, building loans. The Reserve Bank of India as issued a notification to all scheduled commercial banks, directing them to adopt the National Disaster Management guidelines and include these as part of their loan policies… Read More »
On 13th January, 1977, Janab Dr. Mumtaz Ahmed Khan and Janab K.Rahman Khan founded the Amanath Co-operative Bank and within a short span of 26 years, the Bank has attained the status of Karnataka’s first scheduled Urban Co-operative Bank. The Reserve Bank of India conferred the “Scheduled Status” on Amanath Bank effective from 29th January,… Read More »