In India we had a good retail presence, but we didn’t think we would ever be able to compete locally. It would have taken a long time, says Philip Hampton, Chairman, Royal Bank of Scotland.
Yes Bank has decided to pull out of the corporate debt restructuring mechanism formed to bail out distressed firms.
Fullerton Financial Holdings Singapore on Monday infused Rs 150 crore in Fullerton India Credit Co Ltd. Fullerton India Credit Company Limited.
Your home and auto loan rates are expected to ease after RBI slashed cash reserve ratio by 25 basis points in its mid quarter review of the monetary policy.
FDI in retail and insurance will help the economy, but not take India back to days of 8% economic growth rate, says Aditya Puri.
"If you are saying 75% of the subsidy is not reaching the right people, how can this be a political problem? Whatever you do will be an improvement," says Aditya Puri.
The bank has set a final guidance for its three year bond at 4.9%, which is being managed by Standard Chartered Bank.
After a gap for over four years, consumers have once again started availing of the credit facility on their credit cards to tackle rising prices.
Banks would be forced to cut interest rate as loan demand is expected to hit 14 year low in financial year 2012, said Bank of America Merill Lynch in a report.
An induction into CDR would have helped the company reduce the interest rate on its loans and stretched the loan repayment period.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon