IndusInd Bank, the fourth biggest private sector lender, may raise as much as $300 million from overseas investors.
HDFC Bank will charge 3.25% interest rate on credit cards from October, up from the current 3.05% and 3.15%, besides going slow on sourcing new customers.
State-run Power Finance Corporation (PFC) on Monday scrapped its plans to raise Rs 1,500 crore in a bond sale after yields spiked.
PFC scrapped its plans to raise Rs 1,500 crore in a bond sale after yields spiked following RBI's hike in benchmark rates last Friday, said two bankers.
Bank loans at 17-month high of Rs 54 L crin the fortnight ended Sept 6; pick-up in credit demand could push up base rates.
The bank’s aim is to protect what it has achieved over the past few years, even if it means just boring banking.
It is more than 10 days since RBI governor Raghuram Rajan eased overseas fund-raising for banks, but hardly any bank has moved.
Lenders raise cash flow concerns as company is hit by interest burden and adverse business environment in Europe.
RBI’s move to make foreign banks establish wholly-owned subsidiaries to help country against financial shocks
RBI’s move to make foreign banks establish wholly-owned subsidiaries instead of functioning as branches of their parent cos would be beneficial for us.
Recovery of bad loans is getting even more difficult as corporate borrowers are increasingly engaging lawyers to further delay repayment.
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