In its last bi-monthly monetary policy review on August 4, the RBI maintained the status quo on rates.
The Centre is planning to come out with a universal health scheme and an exclusive all-in-one insurance product for farmers as part of its ongoing efforts to bring people under the social security net.
Under the pact, the bank would be headquartered in Shanghai, with India nominating its first president.
Barring ICICI Bank, rest nine companies, including TCS, RIL, ONGC and ITC suffered losses in their market capitalisation (m-cap).
Home loan player HDFC is expected to lower lending rates later this week.
Deepak Parekh on Tuesday said unidentifiable shell companies are being used for paying bribes and ‘speed money’ remains a challenge for corporates.
ICICI Bank MD Chanda Kochhar said the bank’s fresh slippages stood at Rs 2,279 crore in third quarter.
HDFC’s offer is available to those who apply by Jan 31, 2015 while ICICI Bank’s scheme will end on Dec 31, 2014.
According to the RBI, it received a complaint from a “reputed statutory organisation” in August 2013 about fraud being perpetrated in five banks.
At the end of the second quarter of the current fiscal, IBEL had assets of RUB 4.5 billion and paid-up equity capital of RUB 1.6 billion.
SBI chief signals beginning of cheaper loans
State Bank of India (SBI) cut its deposit rates for maturities of over one year by 0.25 per cent.
ICICI Bank’s website showed that it has lowered it deposit rates for customers within the Rs 1 crore bracket.
All-stock deal valued at R15K cr; Kotak to be 4th largest private bank.
Reduction by as much as 200-375 bps for investment grade loans.