RBI slams public sector banks for the strange phenomenon of profits dipping when a new chairman takes over.
Insiders say some issues that demand immediate attention include improving asset quality and conservation of capital.
Bankers' committee suggests banks lend to meritorious students without collateral.
Sharp increase is a major departure from those during former chairman O P Bhatt's regime.
Historically, DDA flats were offered at lower-than-market rates and, hence, they provided quick upside.
Cement and steel prices have shot up sharply in the past four months, with steel prices rising 10 per cent and cement increasing 34 per cent since January.
Microfinance companies have been facing a crisis after a crackdown by the Andhra Pradesh government last year in response to allegations they were charging high rates and using coercive recovery practices.
DB Realty claims its business is going as usual. It is developing 13 projects, which will add 20 million sq ft in the next four years.
Bahrain has of late emerged as a regional hub for banking because of low tax rates and easy regulations. At present, 409 banks and financial institutions have operations there.
High net worth investors (HNIs) caught in the Rs 405-crore fraud at Citibank's DLF Phase-II branch in Gurgaon, have recovered their money, with the bank refunding the principal amount, pending investigations.
As of December 2010, the bank's total outlets, including branches, stood at 5,017. Its ATM network stood at 2,516 units.
Developers are battling sales slowdown due to rising interest rates and tighter lending norms, spurt in input costs and a lending squeeze from banks hurts.
You can't ask a current borrower to finance your growth, says RBI memeber Yezdi H Malegam.
Warburg Pincus, the private equity major, is set to enter an equal joint venture with Patu Keswani's Lemon Tree Hotels to get into affordable housing.
With mounting pressure to set aside substantial amounts each quarter to improve provision cover for bad loans, State Bank of India is using every possible way to step up recoveries from non-performing assets.
"Gone are the days of euphoric buying. Today, people are doing calculated buying. They are doing thorough due diligence, checking out the location," said Kunal Banerji, president, M3M India.
Citibank has started refunding money to those who had invested in the fraudulent scheme run by its relationship manager at Gurgaon, Shivraj Puri. Many entities of the Munjal family, victims in this regard, got back their money in recent days.
It is alleged that Air India never got a level playing field, when it came to allotment of terminals, lounges, or check-in counters at airports.
Commercial banks now prefer one-year certificate of deposit (CDs) to short-term paper (of three- to six-month duration) to raise money, as volatility in the money market in the three months through December has made them focus on stability and improving their balance sheet.
Those with plans to enter the wealth management business want to first put in place robust processes.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances