Hailing Indian banks for their "great job", Citigroup chief Vikram Pandit today said they need to be well-capitalised and prepared to exploit a "lot of growth left" in the economy.
State-run NTPC today said it has tied up a syndicated loan worth Rs 2,341 crore from a consortium of Indian banks for its 390-MW Muzaffarpur thermal power project in Bihar.
ICICI Bank's takeover of a stake in a debt-laden telecom tower firm is an ominous sign of things to come as India's slowing economy and slumping shares erode the value
The net interest margins of Indian banks are expected to shrink in 2011, despite an estimated growth of 20-22 per cent in loans, due to a rise in interest rates
Exposure of Indian banks to crisis-hit Dubai World is in the range of USD 275-300 million and it will not have any material impact on the sector's performance this year, a senior official of the Reserve Bank of India (RBI) has said here.
Business and credit information major Experian has formed a joint venture with seven Indian banks and financial institutions to establish a credit bureau in India that will advise financial institutions and retail businesses about lending to consumers.
Indian companies have got one more avenue to raise cheap loans in foreign currency. Indian banks have reduced interest rates on foreign currency loans financed generally from foreign
Indian banks are taking larger bets on the burgeoning power sector.
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