The Reserve Bank has asked banks to set up dedicated verticals to help small and medium businesses to deal with financial matters.
"An SME-promoter knows the product, but he doesn't
Bank lending to the priority sector grew by just 5 per cent on an annualised basis in December, 2011, because of lower offtake in the agriculture and MSME segments, besides
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
Some of the world's biggest Internet companies and financial services firms have developed a new approach to fighting email spam that they hope will reduce online scams.
Facebook, Google and
There is no immediate respite to home, auto and corporate loan borrowers in terms of their monthly equated instalments (EMIs) but with the RBI reducing the cash reserve ratio (CRR),
Banking stocks cheered the Reserve Bank of India's move to cut the cash reserve ratio by half a percentage point with the sectoral index gaining over 3 per cent.
Pursuant
Banks are working with the RBI to explore the possibility of extending loan repayment period for those power sector companies which are facing problems in project implementation, a top SBI
India's lenders may lower interest rates if their funding costs come down, but banks have not suggested any specific steps at a meeting with Reserve Bank of India officials, Bank
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