Reserve Bank of India has stepped up checks on the use of funds borrowed from its liquidity window. The Central bank is keen to see that such funds are not diverted for lending purposes. Net borrowing by banks rose to a record Rs 1,48,490 crore (Rs 1484.90 billion) on Tuesday.
The plan of action ranges from drawdown of loans to seeking additional guarantees, to even recalling some of the loans, if the situation so warrants.
Banks are starting to fall in line with the Reserve Bank of India's position on so-called teaser home loans. Even as the country's largest lender State Bank of India stood its ground, several other banks have said they could go slow on teaser loans -- home loans bearing an introductory lower interest rate for a stipulated period of time.
Stung by the controversy over the sudden sacking of the Managing Director at India's largest microfinance institution, SKS Microfinance, lenders have decided to raise corporate governance issues at board meetings of other MFIs.
Mapping of spreads means effective rates in the base rate system are lower.
Hotels in the Capital are in for some tough times, with the Commonwealth Games not fetching many customers and the government releasing a large part of the inventory that it had earlier reserved for the event.
In an effort to grab a share of the hefty Diwali bonus to employees in government and corporate sector, country's largest lender State Bank of India may raise the interest rate on term deposit rates in next few days.
Customers can meet in the Sapphire conference room, put away their valuables in the Topaz locker room and freshen up in the Opal dressing room.
The sponsorship money in the bag is a tad over a quarter of what the organisers of the games had projected.
R C Agarwal, promoter of beleaguered Vishal Retail, on Wednesday came out in support of the offer from Texas Pacific Group (TPG) in preference to that from Kishore Biyani's Future Group.
For the MV Khailijia 3, one of the two ships which collided last Saturday off the coast of Mumbai, the track record does not read very well. In July, it was found that the ship had developed some cracks and had to offload its cargo mid-sea.
For those who don't wish to watch their favourite game on a television in their living room, the perfect place was to head to a nearby hotel or a pub where the whole action was simulated to give a stadium-like feel with a giant screen and hordes of football fans cheering and jeering the teams.
About a month after it was thrown open for bookings, the Games Travel Office (GTO) of the Commonwealth Games does not seem to be generating much response from tourists.
A senior bank official said the preliminary report would come in three months.
The firm is looking to raise as much as Rs 1,000 crore through short-term commercial paper.
Loan defaulters will now find it difficult to rid themselves of all their liabilities through the one-time settlement scheme.
The scaling down of the branch expansion plan is part of SBI's overall game plan to check costs.
Europe's and Bangkok's loss is turning out to be gain for several other destinations like Hong Kong, Macau, Malaysia and Singapore.
Marriott is also expanding its overall presence in the country. By 2013, it aims to have 40 hotels across categories. Out of these, five hotels -- Jaipur (Marriott), Chandigarh (JW Marriott), Bangalore (JW Marriott) and Pune (Marriott and Courtyard) -- would be opened by the end of 2010.
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