• 

  Banks Approve Air India Financial Restructuring Plan

  March 31, 2012 17:03 IST

  New Delhi, Mar 31: In a big boost to its precarious financial position, Air India's Financial Restructuring Plan (FRP) has been approved by a consortium of banks, which may enable the ailing carrier save several

• 

  Rupee Falls 13 Paise As Dollar Strengthens Overseas

  March 12, 2012 18:39 IST

  Mumbai, Mar 12: Snapping a two-session gaining streak, the rupee today lost 13 paise to close at 49.97/98 against the US currency on fresh dollar demand from banks and importers as the greenback firmed against

• 

  Financial Implications Of 2G Verdict On Banks Being Studied

  February 02, 2012 17:26 IST

  New Delhi, Feb 2: The Finance Ministry is working out the financial implication of the Supreme Court judgement to cancel 122 telecom licences on the banking sector.  “We have to see the implication. Officers are

• 

  Kingfisher Seeks Funds, Interest Concession From Banks

  November 15, 2011 18:47 IST

  Mumbai, Nov 15: Battling a crisis of survival, Kingfisher Airlines Chairman Vijay Mallya today sought help from banks to raise short-term funds to the tune of Rs 700-800 crore as working capital and interest concession

• 

  Prepayment Penalty On Home Loans On Way Out, Indictes RBI

  October 27, 2011 19:18 IST

  Mumbai, Oct 25: Borrowers wanting to prepay home loans can look forward to some relief as RBI today indicated that it would scrap prepayment penalties charged by banks.“It is proposed to implement the recommendations of

• 

  Banks Should Keep Strong Vigil On Loan Portfolio : Pranab

  September 07, 2011 18:58 IST

  New Delhi, Sept 7: Cautioning that the economy is passing through turbulent times, Finance Minister Pranab Mukherjee today asked banks to maintain a strict vigil on the quality of their loan portfolio.“The commitment to moderate

• 

  Banks Will Meet 19 PC Credit Growth In FY 12, Says Mallya

  July 07, 2011 15:41 IST

  Mumbai, Jul 7: Despite concerns expressed about the slowdown in demand for credit in a high interest rates scenario, Chairman of Indian Banks Association M D Mallya has said the industry will meet the targeted

• 

  25 Paise Coins Will Cease To Be Legal Tender From Thursday

  India | June 29, 2011 20:43 IST

  Mumbai, June 29 :  The 25 paise coin, which has been fading out of the pocket change in the recent years because of low acceptability, will finally become history from tomorrow.  The coin, along with

• 

  RBI Waits For Banks And Corporates' Quarterly Advance Tax

  June 06, 2011 19:46 IST

  Mumbai, Jun 6: The Reserve Bank of India (RBI) expects the new marginal standing facility (MSF) to be tested during the tight liquidity period next week, when banks and corporates pay their quarterly advance tax."Every

• 

  FM's Directive To Banks On Housing Finance Scam

  India | November 25, 2010 20:07 IST

  New Delhi/Mumbai, Nov 25: In the wake of a massive housing finance racket involving public sector banks and financial institutions, Finance Minister Pranab Mukherjee today asked them to look into their exposures to companies involved

• 

  RBI Signals Banks To Hike Deposit Rates

  India | September 16, 2010 17:13 IST

  Mumbai :  On the heels of the provident fund board hiking interest rates by a percentage point to 9.5 per cent, the RBI on Thursday (Sept 16) signalled to banks to raise fixed deposit rates

Advertisement