Public sector banks, in a frenzy to cash in on the retail credit boom during the three years beginning 2003-04
Three to six month loan rate cut by up to 100 bps.
State Bank of India's investment kitty now includes Rs 300 crore (Rs 3 billion) worth of shares of its competitor and the second largest lender, ICICI Bank.
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.
SBI's profits are expected to take a hit of Rs 800 crore for each of the next five years with the bank needing to make additional provision of around Rs 4,000 crore due to changes in accounting norms.
The sharp rise in home loan rates of private sector banks is forcing their customers to switch loyalties.
Corporates being compelled to pay higher rates on term loans of 3 years and above, struck at fixed rates a year ago.
Banks are considering levying a charge of Rs 50 on high-value cheques, while making local payments through real time gross settlement free.
Companies will now have to pay a charge for loans sanctioned to them but not utilised
Banks to also charge 50-100 bps more for a second home.
Banks offer to extend repayment tenures up to 25 yrs.
Banks are considering setting up a domestic card payment settlement company, called India Pay, that would rival global payment systems Visa and MasterCard.
An interview with Zhan Xiangyang, director general of the world's third largest bank, with a market capitalisation of $183.85 billion.
A large part of the accretion to fixed deposits till March 16, 2007 was on account of a flight of funds from the low-cost CASA.
Office rentals in Mumbai are going over the top indeed. Even suburban localities like Goregaon have seen rentals going up by more than 100 per cent, from Rs 75 a sq ft last year to Rs 175 this year.
An increase of 10% in net profit is expected as higher provisioning would negate most of the gain on account of expansion of loan portfolios.
The New Delhi realty firm is gearing up to float an IPO and has now raised its targetted mop-up to Rs 25,000cr.
The next generation of the Poddar family, the promoters of the Rs 1,500 crore (Rs 15 billion) Siyaram group, is taking charge.
Whether it is jumping from a plane at 10,000 feet or just working away at his latest hospitality project, real estate tycoon Vicky, as Oberoi is fondly known to friends, believes in having fun.
The New York-based real estate investment fund Trinity Capital has lined up $10 billion, which may go up to $12 billion, to develop three satellite cities on the outskirts of three major metros - Mumbai, New Delhi and Bangalore.
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