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February 5, 2016 3:10 am

Over the last one year, the Reserve Bank of India has repeatedly expressed concern about the partial pass through of rate cuts to borrowers.

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February 5, 2016 3:08 am

The offering may allow borrowers to reduce their initial outgo, but analysts say it could increase the risk within the system, with higher chances of a default when the EMI shoots up after the 5th year.

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February 2, 2016 2:45 am

One-third of corporates account for 21% of credit reeling under stress, says report

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February 2, 2016 2:18 am

State Bank of India (SBI) on Monday introduced SBI FlexiPay Home Loan, whose repayment terms — lower EMIs in initial years, followed by higher EMIs — which the public sector lender refused to term as a ‘teaser loan’ which was introduced by the bank in February 2009. SBI said that it is not offering any […]

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February 1, 2016 12:36 am

In April last year, IRDA had originally released guidelines giving preference to GIC Re, but it revised the norms later following objections raised by foreign players.

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February 1, 2016 12:23 am

Overnight call money rates are hovering above the policy rate, while three-month commercial paper rates are now nearly 100 bps above the December 2015 average.

January 30, 2016 1:57 am

On the issue of Masala bonds, he said that it is important to see how that market develops.

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January 30, 2016 1:53 am

Some banks will have to merge to optimise their use of resources: RBI governor.

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January 27, 2016 12:53 am

Over Rs 2,00,000 crore of loans are stressed out of the total infrastructure exposure of ` 8,40,000 crore

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January 26, 2016 2:58 am

Says it is willing to consider the proposed National Asset Management Company as another ARC

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January 26, 2016 2:27 am

SDR scheme introduced to help banks reduce their debt has its own share of loopholes and is only postponing lenders’ NPAs to later years, say experts

January 9, 2016 2:25 am

Growth in deposits, however, slowed down compared with previous fortnight

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January 9, 2016 1:54 am

Indian exports have been witnessing decline for the last one year amid slowdown in global demand

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January 4, 2016 1:19 am

Banks’ falling share due to reduction in SLR from 23% in June 2014 to 21.5% in February 2015

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January 2, 2016 10:29 am

According to the bank-wise housing loan disbursement data for public sector banks, the home loan disbursement in the first six months of FY16 is less than half of what was disbursed in the full year in FY15.

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January 2, 2016 2:53 am

Bhattacharya said that the new base rate calculation, based on the marginal cost of funds, will not make any huge difference to the base rate, albeit enabling faster transmission.

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December 18, 2015 1:05 am

Base Rate will be based on new deposit rates; New norms will come into effect on April 1, ’16

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December 8, 2015 1:35 am

Minister of State for Finance Jayant Sinha will hold a meeting with state finance ministers on Tuesday to discuss issues pertaining to growth, banking, social sector and capital expenditure, an official statement from the Ministry of Finance said. The meeting, which will be held for the first time, will be chaired by finance secretary Ratan […]

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December 7, 2015 12:55 am

To help victims, bank officials are standing near ATM machines, hospitals, railway stations and other important places to dispense cash with hand-held machines.

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December 1, 2015 12:00 pm

The Reserve Bank of India kept its key repo lending rate unchanged at 6.75 percent on Tuesday

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November 28, 2015 1:37 am

The bank which made the announcement in an internal e-mail to employees will move around 70 employees working in the division to the retail banking business.

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November 20, 2015 1:18 am

The RBI would undertake a due diligence on the applicant to assess his “fit and proper” status to acquire the stake, it said.

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November 19, 2015 1:47 am

ICEGATE is the customs electronic repository of bills of entry, shipping bills and other import-export documents.

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November 14, 2015 1:11 am

According to reports, the company’s problems began during the financial crisis in 2008 owing to cancellation of large orders.

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November 12, 2015 12:23 pm

“Further, subject to regulatory approvals, Sameer Gehlaut, chairman of the company, will be investing in his personal capacity up to 10% stake in OakNorth Bank at the same valuation,” said Indiabulls Housing Finance.

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November 7, 2015 1:23 am

The bank’s provisions for problem loans in the July-September quarter more than doubled to Rs 1,890 crore, which included 25 per cent of a credit account worth Rs 374 crore that was declared as fraud by the bank.

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November 6, 2015 2:06 am

As Hong Kong laws prohibit banks from sharing info, probe by agencies is unlikely to yield results.

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November 2, 2015 12:23 am

Foreign investors pumped in `6,649 cr in Indian equities along with `15,700 cr in domestic debt.

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November 2, 2015 7:13 am

Despite the modest jump, it marks the reversal of an adverse trend: FM

Arundhati Bhattacharya, State Bank of India, Home loans, housing finance companies, National Housing Bank, business news
November 1, 2015 3:11 am

HFCs regulated by the National Housing Bank can lend below prime lending rates, whereas banks regulated by RBI cannot lend below the base rate.

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October 24, 2015 12:39 am

At present, alert is generated only for forex remittances worth over $1 lakh

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October 15, 2015 8:43 pm

"So yes, there is a potential problem of perhaps giving people too much more than they can handle which then leads to a debt cycle which can be problematic," said Rajan.

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October 16, 2015 8:55 am

"I think that this Supreme Court ruling today on Aadhar will be quite helpful in making it possible for us to use Aadhar in banking services," said Rajan.

bank of baroda480
October 14, 2015 4:58 am

The bank said it is undertaking a “comprehensive review to identify deficiencies in the structure, processes and systems” in order to prevent recurrence of such an incident.

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December 26, 2015 12:00 am

P Chidambaram said more policy steps by RBI were possible if the government stayed firmly on path of fiscal consolidation.

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September 27, 2015 12:00 am

Under control inflation and optimism levels about recovery not rebounding could be major factors.