Individual having an account with other banks can earn a higher interest rate of 7% on balances of Rs 100,000 and above - by submitting a onetime ECS order.
Fitch ratings has affirmed Essar Projects Ltd's long-term and short-term Foreign Currency Issuer Default Ratings (IDRs) at 'B'.
Ken Moelis has set his sights on India with billionaire entrepreneurs seeking overseas assets amid policy-induced slowdown in the home market.
Rolling power outages are not new to India but the recent disruptions add voice to a growing chorus for power-sector reform, said Moody's.
Demand for loan recasts at banks was at the highest ever in the June quarter raising fears that banks may be short of Rs 6,500 crore of capital.
With the theory of low-cost banking-- CASA-- set to run out of steam, bankers may have to look out for the next success mantra.
Standard Chartered Plc's ability to service Indian clients could diminish as the bank faces the risk of loosing its license in NewYork.
Economic & political paralysis, lower corporate activity & rising bad debts lead to an 18% dip in operating profit of Standard Chartered Bank's India ops.
The deficient rainfall in 2012 is similar to that seen in 2009, which indicates an all-India drought year, said Crisil in a report. Till July 18, 2012, the overall monsoon has been 21.9 per cent below the Long Period Average (LPA).
Revenue growth for the Indian auto components industry is expected to slowdown in 2012-13, said ICRA the rating company.
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