May touch 64/$ due to foreign flows slowing down
Union Bank of India, Canara Bank, Andhra Bank, Saraswat Co-operative Bank and YES Bank have come together to allow inter-bank fund transfers through debit cards.
Kolkata-based United Bank of India, which had earlier declared Kingfisher Airlines and its four directors, including Mallya as wilful defaulters, on Tuesday identified UBHL, the guarantor of the grounded Kingfisher Airlines, also a wilful defaulter.
Banks have swung into action as gold prices continue to slide. Reduced loan-to-value ratio (LTV), cautious lending, and a close monitoring of the gold loan portfolio have prompted them to hedge their loan books against the reduction in prices.
Customers using e-commerce websites are young and techno-savvy.
Even as State Bank of India, the country's largest lender, has decided to charge its customers for more than five transactions through automated teller machines (ATMs), private sectors banks continue to be on a wait-and-watch mode.
With more favourable view on Indian economy and business environment under the Narendra Modi government, the risk premium for Indian papers began to climb down.
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As many as nine respondents said RBI would hold the repo rate at 8% till March-end, 2015
SBI's number of foreign offices increased from 186 in March 2013 to 190 in March 2014, in 36 countries.
Global liquidity expected to continue amid ECB stimulus
A senior RBI official said the regulator was focusing on performance of banks' statewise and in each district.
In an interview with Business Standard, Arundhati Bhattacharya says she expects stalled projects coming back on track in two quarters.
Growth in India's gross domestic product for the June quarter of 2013-14, as well as for the entire 2014-15, was 4.7%.
RBI is committed to bringing down retail inflation to eight per cent by January 2015 and six per cent by January 2016.
Banks, through the Indian Banks' Association, have urged RBI and credit information companies to maintain a database of wilful defaulters.
SBI, ICICI Bank and PNB reduce interest rate for loans above Rs 75,00,000
These numbers show overall exposure and are not a reflection that all loans are going to be impacted.
Reliance Retail would be exposed to implementation and execution risks in its expansion plans.
The Reserve Bank of India's ongoing inspection of the book of accounts of Syndicate Bank is unconnected with last week's arrest of S K Jain, its chairman and managing director.
These schemes are expected to perform in the next 2-3 years.
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