The reduction in deposit rates comes at a time when the economy is slowing down and credit pick up is slack.
Big lenders with high exposure and smaller ones with just about Rs 100 crore of loans are pulling in opposite directions on how to go about the recovery.
When it comes to loan restructuring, our banks have a substantial bias towards more privileged borrowers vis-a-vis small
In an age when employees spend at least a few hours a day commuting either on busy roads, flexiplace working is considered progressive HR.
Axis Bank, on Wednesday launched a home loan product with a built-in equated monthly installment waiver scheme. The bank has decided to waive off the last 12 EMIs of customers with good credit history and pays his EMI on time.
A sharp increase in non-performing loans reported at India's largest government banks indicates that fiscal 2013 impaired assets across the banking sector may exceed our initial forecast as the economy slows, Fitch Ratings says.
Essar Oil, India Cements, Nagarjuna Fertilizers to be pushed out of Corporate Debt Restructuring cell
Banks could target 20 firms with loans of over 17,000 cr which have enjoyed lower interest rates but have now turned profitable.
Crisil the rating company has said that loans restructured by Indian banks may increase sharply to Rs 3.25 trillion between 2011-12 and 2012-13, against the earlier estimate of Rs 2 trillion.
"Jayakumar was pulled up by the board of directors in a meeting held in early August for not informing them about the communication from RBI.
Standard Chartered Private Equity has invested Rs250 cr (US$ 45mn) for a minority stake in Inox India Limited, a global manufacturer of cryogenic storage and transportation equipment.
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