Foreign banks say they have been caught in a "conflict" situation with respect to the manner in which the Reserve Bank of India (RBI) conducts inspections at their branches.
The Reserve Bank of India (RBI) has finally retreated from its position that UTI Bank split the post of chairman and managing director when the incumbent P J Nayak's term ends on July 31, 2007.
The sharp rise in home loan rates of private sector banks is forcing their customers to switch loyalties.
RBI may have no choice if UTI Bank's shareholders approve the same.
Corporates being compelled to pay higher rates on term loans of 3 years and above, struck at fixed rates a year ago.
Companies will now have to pay a charge for loans sanctioned to them but not utilised
The hike in service charges by commercial banks has come under the Reserve Bank of India lens.
The exchange rate policy has served us very well in the last so many years and the exchange rate has been commended all around, says RBI Governor Y V Reddy.
Bankers made this demand at a meeting with RBI Governor Y V Reddy, ahead of the 2007-8 monetary policy announcement on April 24.
The clampdown will be part of a package from the central bank to make end-use norms for external commercial borrowing (ECB) funds more stringent for various sectors.
Real interest rates yet to touch highs witnessed in mid-90s.
Recovery note by registrar not court order, says Bombay high court.
EMI card is a unique installment concept, wherein you have the option of paying a fixed amount every month subject to the purchase limit you enjoy.
It is Finance Minister P Chidambaram's meeting with leaders of public sector bank unions that averted the three-day bank strike proposed from March 28.
The total outstanding loans are likely to touch Rs 1,10,000 crore at the end of 2006-07 this month
The Hinduja group controlled, IndusInd Bank, plans to raise around Rs 140 crore (Rs 1.4 billion) through global depository receipts by March-end.
ATM deployment is set to gain scale with the Anil Ambani group's Reliance Capital and a few technology firms joining hands with partner banks to launch co-branded (known as partial white-label) ATMs.
A liquidity crunch has hit several microfinance institutions with the flow of funds 'temporarily' drying up after the largest MFI lender, ICICI Bank, halted payments in early January.
Global pilot project set to revolutionise remittances.
More interest hike shocks are to come with no signs of the rates having peaked up.
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances