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.
At other bank ATMs, the customers of these banks will be charged beyond three transactions.
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.
2014 sees slowest start to festival season in at least 7 years
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As many as nine respondents said RBI would hold the repo rate at 8% till March-end, 2015
Currently, the fee is Rs 15 per financial transaction. This has been recommended to be revised to Rs 16.50, plus service tax (12%), taking the amount to Rs 18.48.
Based on the credit history banks may later decide to extend the amount.
Global liquidity expected to continue amid ECB stimulus
Their net NPA as a proportion of net advances were 2.2 per cent, compared with 1.7 per during the same period a year earlier.
In fact, some private sector lenders have decided to skip advertising these altogether.
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.
SBI, ICICI Bank and PNB reduce interest rate for loans above Rs 75,00,000
ICICI Bank has 317 branches in hitherto unbanked villages.
Banks cut interest rates, processing fees; offer discounts for online shoppers.
Days after the PM announced a financial inclusion package, a look at how banks and insurance firms are going about it and what lies ahead.
IndusInd Bank, has recently launched www.themorestore.com only for its credit card and debit card holders
These schemes are expected to perform in the next 2-3 years.
Move comes after the country's monetary authority tightened credit norms
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