Aug 24, 2011
“We have no plans at present to introduce a dual rate home loan,” SBI chairman Pratip Chaudhuri said on the sidelines of the Ficci-IBA conference here today even as he hinted that the country’s largest bank had no desire to get into a prickly
Aug 24, 2011
If investors need any further proof that having the government as majority shareholder is detrimental to their interests, the State Bank of India (SBI) is Exhibit A.
Aug 24, 2011
He also said the Reserve Bank issues a single class banking licence, both to domestic as well as foreign banks, to conduct all types of banking business ranging from retail, wholesale, forex and derivative products, credit card etc.
Aug 23, 2011
Several corporates aspiring for banking licences may end up being disappointed with the Reserve Bank of India's licencing policy. As against the hopefuls who run into several dozens, the central bank is likely to grant licences to only a
Aug 20, 2011
Amidst a rising interest rate scenario, where home loan rates have gone up between 2-3 percentage points, ICICI Bank is wooing customers by offering them an option of a fixed rate for either the first one year or two years.
Aug 18, 2011
The long run of interest rate increases is hurting the loans business of banks harder than before, with consumer demand expectedly declining for personal, home and car loans as well as for credit cards.
Aug 16, 2011
The home loan market has been on a high growth trajectory over the past decade. It has increased from annual disbursements of Rs 20,000 crore in 2000 to Rs Rs 1.7 lac croretoday. This is poised to double to over Rs Rs 3 lac crore) by 2015.
Aug 10, 2011
There is a lot of youth, fun and backslapping camaraderie on the third floor of the swanky head-office of the Axis Bank located in a business district in central Mumbai.
Aug 10, 2011
IDBI Bank which is looking for a 15 to 16 per cent business growth this year to Rs 1,65,000 crore, today launched the country's first Debit 'Magic Card' with considerable credit limits for salary account holders.
Aug 09, 2011
The dice is heavily loaded in favour of the banks and the onus is always on the customers to prove they are right.