Not interested in a product? They won't call you for the next 3 months. 


Bank tele-marketers could be a tring of the past

Business Standard

Add to that the inconvenience factor at bank branches. No wonder, most of the bankers feel that the proposal will not be passed in the Finance Bill.


Bankers say withdrawal tax collection can be a headache

The tax break in the Budget proposal is open to people regardless of their income to an extent of Rs 1 lakh, unlike the existing tax rules (Section 88).


The pie gets bigger for insurers

Industrial Development Bank of India (IDBI) has chalked out an investment of about Rs 3,000 crore in the power sector as part of its infrastructure financing in 2005-06. A significant portion of these

IDBI to lend Rs 3000 cr to power sector

UTI Banks maiden global depository receipts (GDR) issue of around $200 million is likely to open late next week. The bank has filed its draft prospectus with the UK listing authority and it is being

UTI Bank GDR float next week

The Hinduja Group-owned IndusInd Bank aims to touch a million retail customers by the end of the next fiscal, via. targetted retail products for the youth, old people and women, company executives

IndusInd targets retail

The Reserve Bank of India (RBI) is in favour of introducing credit derivatives in the corporate debt market.


Credit derivatives likely in corporate debt mart

Foreign banks will not be allowed unbridled expansion of their branches.


No social lending for foreign bank branches

Funds in surplus on RBI intervention

Claiming that no bank in the world could match it in quick decision making, State Bank of India today said it cleared a $1 billion dollar loan for the Tatas in just five minutes  a philosophy that

'SBI cleared $1 bn in five minutes'

Press Trust of India

Surplus&nbsp;liquidity, flat credit off-take make banks generous. 


Banks bow to big cos, cut short-term rates

YES Bank will act as financial consultant for the Punjab State Agricultural Marketing Board in selecting players to set up terminal markets in Ludhiana, Hoshiarpur, Jalandhar and Muktsar.


YES Bank to be consultant

Predicting the Sensex, Indias key equity index, is an activity best left to day traders, chartists and talking heads on 24-hour news channels. 


Smart money in India rides on small firms

Bangalore-based Vijaya Bank is likely to firm up its insurance venture by December. The public sector bank, which recently decided to pull out of its joint insurance venture  PNB Principal Insurance

Vijaya to go solo on insurance venture

The Reserve Bank of India (RBI) is unlikely to change the policy rates  the repo and reverse repo rates  in its mid-term review of the monetary policy amid persistent inflationary expectations

RBI hints at no change in rates

RBI Governor Y V Reddy says raising the retail prices of oil may push the headline inflation to 5 per cent. Excerpts from an interview with Rajendra Palande.

`Uncertainties are highly uncertain`

Bank of Baroda (BoB) is planning to open four new branches in Maharashtra and Goa zone by November 2007 and is eyeing a business turnover of Rs 15,000 crore in the Maharashtra and Goa zone. 


BoB plans branches in M`rashtra, Goa

At a time when public sector oil marketing companies are facing a liquidity crunch, two private banks  Axis Bank and Yes Bank  are securitising loans worth over Rs 1,000 crore that were extended to Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL).

Yes, Axis Bank securitise Rs 1k cr oil company loans

Corporate India is sitting on a fresh round of problems and losses on foreign exchange derivatives  though on a lower scale than those on exotic products.

Falling rupee creates fresh loss on forex derivatives

The cash-crunch situation of the country's oil marketing companies have eased over the last 10 days as they are selling their oil bonds to the Reserve Bank of India (RBI) at a premium.

Oil cos sell bonds to RBI at premium

The Reserve Bank of India's move to choke the flow of credit to sensitive sectors -- real estate and capital markets -- seems to have worked partly for public sector banks with the growth in the flow of credit to these segments dipping to 31 per cent during 2007-08 from 43.6 per cent during the previous financial year.

Real estate pushes up PSU bank lending to sensitive sectors

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