Page 3195 - Finance News
Banks see stress in small tickets home loans
High prices, rising interest rates have impacted repaying capacity of small borrowers
SBI cuts benchmark prime lending rate by 25 bps
Earlier this week, the bank cut its base rate by 25 basis points to 9.75 percent
SBI cuts benchmark lending rate by 0.25%
The combined effect of base rate and BPLR cut estimated at Rs 1,300 crore
State Bank cuts BPLR by 25 basis points
SBI had cut its base rate to 9.75% last week immediately after RBI announced its decision to reduce CRR
Bank ATMs stop sucking in cash after RBI direction
RBI has asked all banks to immobilise the 'cash retraction facility'
Banks want NPA norms to be relaxed for housing project loans
CREDAI representatives have informed the ministry that many projects could not be completed due to lack of funds
Ministry freezes plan to spin off DMO from RBI
Central bank had written to Chidambaram, reiterating its objection to the move
Liquidity seen comfortable
This is due to a cut in the cash reserve ratio and ample deposits available with banks
PNB's Kamath to be chairman of Indian Banks' Association
To take charge on Oct 1, after present Chairman Alok Misra, CMD of Bank of India, completes his term
Rupee up 20 paise at 53.25/dollar
Weakness of dollar in the overseas market has boosted the rupee value
BoB to hire 20,000 people in 4 yrs, add 500 branches
Will also add 500 ATMs to its existing chain of over 2,000 facilities by March 2013
Rupee ends flat, off 4-month highs on oil demand
India may raise the overseas borrowing limit for companies by $10 billion to $50 billion per year
SBI hints at more lending rate cuts
The bank had slashed its base rate by 0.25% to 9.75% last Tuesday
Insurance lacking on many fronts: Irda
J Hari Narayan raps distribution model, attention to customers, product design & follow-through, suggests bancassurance model change
Aggrieved YES Bank writes to CDR cell for forum exit
Minority lenders accuse large banks of twisting restructuring packages in their favour