Banks to also charge 50-100 bps more for a second home.
Banks offer to extend repayment tenures up to 25 yrs.
Bankers made this demand at a meeting with RBI Governor Y V Reddy, ahead of the 2007-8 monetary policy announcement on April 24.
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.
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.
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 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.
Interest subsidy to cost Rs 200 cr for the government.
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.
Now, banks stop giving in-principle loan sanctions on central bank directive.
The government has proposed an educational loan scheme wherein banks would make disbursements based on applications screened by "eligible" educational institutions.
India CEOs of 12 banks form pressure group within IBA.
It has been more than a year since the monsoon floods devastated Mumbai in July 2005
State-owned banks simply cannot match the compensation packages paid by their newer private sector counterparts.
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