Rupee gets stronger, may cause job losses in IT sector The rupee has gained more than 5.5 per cent since January 2017 on back of improving macro economic indicators that make foreign investors confident to pump more and more money in the local equity mark
ICICI, HDFC escalate home loan war, cut rates The home loan war is intensifying. Taking cues from State Bank of India (SBI), ICICI Bank and HDFC on Monday slashed lending rates for affordable housing loans to match them with SBI’s.
Private banks pip PSBs on profitability quotient Public sector banks that have declared earnings for the fourth quarter of the last financial year so far have shown a slide in profitability due to higher credit cost, while private banks have been ab
Loan waivers could add to fiscal burden A Reserve Bank of India report on state finances has cautioned about the increase in future liabilities of states if they jump onto the “bandwagon” of farm loan waivers.
Financial health of states The increasing reliance on market borrowing, along with the enablingconditions for additional borrowing by states as provided by 14th Finance Commission poses challenges for the sustainability of stat
RBI puts IDBI on watch list for high bad loans The Reserve Bank of India (RBI) has initiated prompt corrective action against IDBI Bank, a move that will place various restrictions on the lender including on fresh loans and dividend distribution.
SBI cuts home loan rates by up to 25 bps State Bank of India (SBI) on Monday announced up to 25 basis points reduction in lending rates for affordable housing loans.
New India Assurance’s Mediclaim dearer by 20% New India Assurance, the country’s largest non-life insurer, has revised the premium rates of its health insurance policy named Mediclaim 2012 by an average 20 per cent.
Affordable housing pushes growth in HFCs As the government makes an all-out effort to ensure that the goals of ‘Affordable Housing for all by 2022’ are met, the housing finance sector is witnessing a big boost to its prospects.
SBI, BoB cut deposit rates by up to 50 bps It’s bad news once again for small savers and depositors. The country’s top lenders State Bank of India (SBI) and Bank of Baroda have cut their term deposit rates.