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SBI to open 25 branches in State
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In view of growing volume of business, State Bank of India (SBI) is planning to open 25 more branches during the current fiscal in Assam. The bank is also increasing its ATM strength.[...More]
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'India, China to rule growth path'
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Singapore-based DBS Group is now beefing up operations in Greater China region and South Asia. Accordingly, India too is slated to become a major growth pocket for the bank. [...More]
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Citigroup's Pandit paid $128,751 for 2009
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Citigroup Inc said it paid Vikram Pandit, its chief executive, just under $129,000 for 2009, making him one of the lowest paid CEOs on Wall Street. [...More]
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Banks may burden customers if forced to abolish prepenalty: RBI
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Reserve Bank Deputy Governor, Usha Thorat, said abolishing the practice of levying pre-payment penalty on loans could prompt lenders to hike interest rates to pass on their burden to customers. [...More]
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Banking’s got the headwind, to ride high on valuation
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We think the banking sector will be an outperformer for the year. The sector is a play on the economy and will benefit from improving growth. [...More]
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SBI to gain from govt's decision on farm loan repay
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State Bank of India (SBI) will be the biggest beneficiary of the government’s decision to giver farmers more time to repay their loan. [...More]
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RBI imposes Rs 25-l penalty on BoR for 'irregularities'
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Bank of Rajasthan (BoR), an old private sector lender, has been pulled up by RBI for a string of violations like deletion of records in the bank’s IT system, irregular property deals and 'irregularities in the conduct of accounts of a corporate group.' [...More]
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Economic Survey for relaxing FDI in insurance, banking
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The Economic Survey 2009-10 today made out a strong case for liberalising foreign direct investment policies for health insurance, rural banking and higher education, stating FDI can boost trade in services. [...More]
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Base rate to bring clarity: Bhatt
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The proposed new 'base rate' regime would prevent large corporations from taking an advantage of ample liquidity in the banking system and negotiate competitive interest rates, State Bank of India (SBI) chairman OP Bhatt said[...More]
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UBI to open 13 new branches in Orissa
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The Union Bank of India(UBI) will open 13 more branches in Orissa by the end of March 2010 to take the total branches in the state to 120.[...More]
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Capex will begin to kick in again soon: AXIS AMC
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I think - as has been indicated even in the RBI policy - one of the key concerns that this economy faces is supply side concerns and I think we have seen some sort of slow down on capex. So whether it is to contend with the demand of 7% to 8% growth[...More]
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HDFC extends 8.25% festive offer until end of February 2010
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The special festive offer rate of 8.25% pa by HDFC is now applicable to all new home loan customers who apply before 27.2.2010 and take at least part disbursement before 31.3.2010. [...More]
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Bank operating without licence is law and order problem: Gokarn
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Reserve Bank of India (RBI) Deputy Governor Subir Gokarn has voiced concern over financial organisations and banks operating without RBI registration and licence, saying it is a 'law and order problem'.[...More]
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BOI to set business target of Rs 12 lakh crore in next 5 years
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Bank of India Chairman-cum-Managing Director Alok Mishra today hinted that the bank will set a target of global business to the tune of Rs 12 lakh crore in the next five years keeping in view the changing economic profile of the country.[...More]
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UBI exempted from SEBI for appointment of three ind Directors
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Kolkata-based United Bank of India (UBI) has received exemption from the Securities and Exchange Board of India (SEBI) for appointment of three more independent Directors on its board, Executive Director T M Bhasin today said.[...More]
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