Banks
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Banks Approve Air India Financial Restructuring Plan
Mar 31, 2012, 05:03 PM ISTNew 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
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Rupee Falls 13 Paise As Dollar Strengthens Overseas
Mar 12, 2012, 06:39 PM ISTMumbai, 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
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Financial Implications Of 2G Verdict On Banks Being Studied
Feb 02, 2012, 05:26 PM ISTNew 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
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Kingfisher Seeks Funds, Interest Concession From Banks
Nov 15, 2011, 06:47 PM ISTMumbai, 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
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Prepayment Penalty On Home Loans On Way Out, Indictes RBI
Oct 27, 2011, 07:18 PM ISTMumbai, 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
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Banks Should Keep Strong Vigil On Loan Portfolio : Pranab
Sep 07, 2011, 06:58 PM ISTNew 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
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Banks Will Meet 19 PC Credit Growth In FY 12, Says Mallya
Jul 07, 2011, 03:41 PM ISTMumbai, 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
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25 Paise Coins Will Cease To Be Legal Tender From Thursday
India | Jun 29, 2011, 08:43 PM ISTMumbai, 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
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RBI Waits For Banks And Corporates' Quarterly Advance Tax
Jun 06, 2011, 07:46 PM ISTMumbai, 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
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FM's Directive To Banks On Housing Finance Scam
India | Nov 25, 2010, 08:07 PM ISTNew 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
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RBI Signals Banks To Hike Deposit Rates
India | Sep 16, 2010, 05:13 PM ISTMumbai : 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