Banks offer to extend repayment tenures up to 25 yrs.
The clampdown will be part of a package from the central bank to make end-use norms for external commercial borrowing (ECB) funds more stringent for various sectors.
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.
Real interest rates yet to touch highs witnessed in mid-90s.
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 total outstanding loans are likely to touch Rs 1,10,000 crore at the end of 2006-07 this month
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.
Global pilot project set to revolutionise remittances.
The government has proposed an educational loan scheme wherein banks would make disbursements based on applications screened by "eligible" educational institutions.
More interest hike shocks are to come with no signs of the rates having peaked up.
German retail giant Metro Cash & Carry and India's emerging retail venture Reliance Retail have roped in the property services group of ICICI Bank for identifying retail properties for its proposed pan India expansion.
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
The group is planning to make a foray in this hitherto unorganised sector by establishing a greenfield still (distilleries dedicated to cashew and coconut Feni) in Goa and to promote the product all across the country.
Restriction on lending for shares to hit forthcoming IPOs.
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