Revenue growth of corporate India could dip by 14-15% in October-December 2011 from a far healthier 22.5% in the third quarter last year.
A post-graduate in management studies from BITS-Pilani, MR is talking about lending to mom-and-pop stores, giving loans for mobile phone purchase and gold loans.
Deregulation of interest rates on non resident term deposits has triggered an interest rate war among banks, with small banks like South Indian Bank and Federal Bank increasing deposit rates.
The Indian unit of Standard Chartered Bank has decided to consolidate its private banking business by relocating some of its relationship managers.
Factors such as promoters' apathy to agreed terms, long-winding restructuring process and Big Boys dominating the proceedings have taken the sheen.
RBI is against an automatic transfer of RBS's branch offices in India to HSBC. HSBC would have to apply for new branch licences.
IFCI and Development Credit Bank have pulled out of the CDR model blessed by the RBI to bail out distressed firms.
Bhartiya Samruddhi Finance, the 2nd biggest micro lender for the poor, is headed to RBI to have its loans restructured to avoid a possible default.
Violent fluctuations in currencies and interest rates in the past 18 months have led to a 30% surge in off-balance sheet exposure of banks.
The Bank of Bahrain & Kuwait, or BBK, plans to scale up its operations in the country and increase its capital base to about Rs 324 crore by December 2011.
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