June 22, 2014
The Andhra Pradesh government is considering various options, including raising funds by issuing bonds to fulfil its commitment on farm loan waiver even as the committee appointed to work out moda...
May 28, 2014
Set a deadline of May 30, the corporation is working overtime to clear the loans. In the first phase the corporation sanctioned Rs.11.12 crore covering 4,175 beneficiaries.
May 23, 2014
Loan waiver to benefit 2.9 lakh farmers. It will put burden of Rs.1500 cr. on State exchequer in Medak district. Mr. Chandrasekhar Rao, during his campaign, had promised to waive farming loans up to Rs. 1 lakh.
November 21, 2013
In the wake of deteriorating asset quality in the banking system, which is hovering at record highs, the Reserve Bank of India on Thursday asked banks to strengthen their due diligence and improve...
September 5, 2013
Moody’s Investors Service on Thursday downgraded subordinated debt ratings of 11 Indian banks, including SBI, ICICI Bank and HDFC Bank.
The subordinated debt and junior subordinated debt...
January 18, 2013
Bridge loans are specially designed to meet requirements for the interim period, between sale of an existing house and purchase of a new one.
October 21, 2012
The global economy is slowing down. Policy-makers everywhere face an acute dilemma — to support growth or embark on fiscal austerity. That sums up one of the main points of discussion at the recen...
August 14, 2012
The HMDA, through a release on Monday, has informed that the Ernest Money Deposits (EMDs) of all the unsuccessful bidders have been returned. Out of the 235 e-Bids received, EMDs of 185 bids have...
July 18, 2012
Mr. Rao said that banks should visit their branches as there were discrepancies in crop loans. Banks would have to take stock of all branches and report to the lead bank.
May 18, 2012
Worried over a spurt in gold imports, the Reserve Bank of India, on Friday, asked banks to reduce exposure to non-banking finance companies (NBFCs), which give loan against the precious metal, at...
May 28, 2014
The Reserve Bank of India (RBI) has asked urban co-operative banks (UCBs) not to grant large value loans to public sector/government undertakings.
In a letter to the chief executive offic...
May 27, 2014
‘If the party delivers on its promise, then it may prove detrimental to the interests of the banks’. In Krishna district, the total outstanding dues are above Rs. 9,137 crore.
April 5, 2014
The transaction offers a first loss guarantee on a pool of priority sector housing loans of Dewan Housing Finance Limited
September 20, 2013
Stock indices dipped and the rupee weakened against the dollar on Friday as the Reserve Bank of India (RBI) hiked the shortterm indicative rate (repo rate) by 25 basis points (bps) to combat the i...
April 21, 2013
Many bank customers are withdrawing their deposits in order to buy gold which is now available at an attractive price. Many scheduled banks offer 9 per cent interest on deposits and allow p...
November 16, 2012
With more money at their disposal, banks are coming out with fancy offers to woo customers, including loans for the housewarming ceremony »
August 30, 2012
For ‘Green Houses’: Collector
July 31, 2012
State Bank of India will sanction loans for deserving entrepreneurs, promised the Assistant General Manager of the Bank S. Jayarami Reddy on Monday.
June 19, 2012
People who are trying hard to have a home and car of their own too sounded disappointed that the short-term bank rates did not come down. »
April 17, 2012
The Reserve Bank of India (RBI) reduced the indicative policy (Repo) rate by 50 basis points from 8.5 per cent to 8 per cent signalling banks to reduce lending rates.