corporate loans

Inflation-focussed RBI hikes rates again, may hold off another revision


October 25th, 2011 - 5:57 pm ICT by IANS
Mumbai, Oct 25 (IANS) The Reserve Bank of India (RBI) Tuesday hiked key interest rates by 25 basis points -- the 13th straight increase to curb inflation -- but added ... Read more...

Posted in Uncategorized |

BankMuscat goes online with Nucleus software product


October 8th, 2011 - 8:05 pm ICT by IANS
Bangalore, Oct 8 (IANS) Oman's BankMuscat's operations have gone online with the FinnOne software of Nucleus Software, switching over from conventional and manual intervention to improve collection process, the Indian ... Read more...

Posted in Business |

CBI files charge-sheets in housing loan scam


October 4th, 2011 - 10:14 pm ICT by IANS
Mumbai, Oct 4 (IANS) The Central Bureau of Investigation has filed charge-sheets before a special court in bribery cases, totalling to nearly Rs.10 million, against top former bank and insurance ... Read more...

Posted in Business |

After petrol price hike, brace for higher interest on loans


September 16th, 2011 - 11:44 am ICT by IANS
Mumbai, Sep 16 (IANS) After a steep hike in petrol prices, the stage appears set for interest to go up on automobile, housing and corporate loans with the Reserve Bank ... Read more...

Posted in Business |

Housing loan demand may fall: NHB chairman


July 27th, 2011 - 5:57 pm ICT by IANS
Kolkata, July 27 (IANS) The demand for housing loans may come down with key rates of the Reserve Bank of India (RBI) going up by 50 basis points, National Housing ... Read more...

Posted in Uncategorized |

Auto, realty sectors unhappy at interest rate hike (Lead)


July 26th, 2011 - 8:54 pm ICT by IANS
New Delhi, July 26 (IANS) Automobile and realty sectors Tuesday voiced reservations over the RBI decision to hike interest rates by 50 basis points to tame inflation, which sets the ... Read more...

Posted in Business |

Auto, realty sectors unhappy at interest rate hike


July 26th, 2011 - 7:43 pm ICT by IANS
New Delhi, July 26 (IANS) The country's automobile and realty sectors have expressed their reservations over the Reserve Bank of India's (RBI) decision to hike interest rates by 50 basis ... Read more...

Posted in Business |

India’s central bank hikes rates sharply to tame inflation (Lead)


July 26th, 2011 - 2:00 pm ICT by IANS
Mumbai, July 26 (IANS) India's central bank Tuesday sharply hiked key rates by 50 basis points in the 11th such exercise since January 2010 to tame inflation, setting the ... Read more...

Posted in Business |

Inflation prompts India’s central bank to hike rates again


July 26th, 2011 - 12:41 pm ICT by IANS
Mumbai, July 26 (IANS) India's central bank Tuesday hiked its key rates by 50 basis points each in the 11th such exercise since January 2010 to tame inflation, setting ... Read more...

Posted in Business |

Loan scam: CBI expands probe, serves notices on 21 companies


November 25th, 2010 - 8:53 pm ICT by ANI
New Delhi, Nov.25 (ANI): The Central Bureau of Investigation (CBI) on Thursday served notices on 21 companies that had allegedly received loans from Indian public sector banks and financial institutions, a day ... Read more...

Posted in National |

Loan scam: CBI serves notice on 17 companies


November 25th, 2010 - 7:52 pm ICT by ANI
New Delhi, Nov.25 (ANI): The Central Bureau of Investigation (CBI) on Thursday served notices on 17 companies that had allegedly received loans from Indian public sector banks and financial institutions, a day ... Read more...

Posted in Feature |

Sensex closes 141 points lower as bribery scam jitters persist (Roundup)


November 25th, 2010 - 6:36 pm ICT by IANS
Mumbai, Nov 25 (IANS) A benchmark index of Indian equities markets Thursday closed 141 points lower as traders continued to be jittery over a bribery scam in leading realty financing companies ... Read more...

Posted in Business |

Top bank officers nabbed for housing finance scam (Lead)


November 24th, 2010 - 7:58 pm ICT by IANS
Mumbai/New Delhi, Nov 24 (IANS) Top officers of some state-run banks and financial institutions were arrested by India's federal probe agency Wednesday for allegedly accepting bribes to extend loans to corporate ... Read more...

Posted in Business |

CBI arrests top bank officers for loan scam


November 24th, 2010 - 7:42 pm ICT by ANI
New Delhi, Nov 24 (ANI): The Central Bureau of Investigation (CBI) on Wednesday took into its custody eight people including senior executives of different banks, whose executives gave loans to private builders ... Read more...

Posted in National |

India’s central bank hikes rates again to fix inflation (Roundup)


November 2nd, 2010 - 7:44 pm ICT by IANS
Mumbai, Nov 2 (IANS) With inflation still above its comfort zone, India's central bank Tuesday hiked both its short-term borrowing and lending rates by 25 basis points each that could trigger ... Read more...

Posted in Business |

Sensex ends flat, markets shrug off rate hike (Roundup)


November 2nd, 2010 - 6:52 pm ICT by IANS
Mumbai, Nov 2 (IANS) A benchmark index for Indian equities Tuesday closed flat as traders consolidated their portfolios after a two-day rally. Markets largely shrugged off the Reserve Bank of India's ... Read more...

Posted in Business |

Sensex consolidates, ends 28 points down (Second Lead)


November 2nd, 2010 - 5:18 pm ICT by IANS
Mumbai, Nov 2 (IANS) A benchmark index for Indian equities Tuesday closed flat as traders consolidated their portfolios after a two-day rally.The 30-share sensitive index (Sensex) of the Bombay Stock Exchange ... Read more...

Posted in Business |

Markets flat post rates hike (Lead)


November 2nd, 2010 - 2:29 pm ICT by IANS
Mumbai, Nov 2 (IANS) Indian equities markets Tuesday were ruling flat after the Reserve Bank of India hiked the short-term borrowing and lending rates by 25 basis points each.The 30-share ... Read more...

Posted in Business |

India’s central bank hikes rates again to fix inflation (Lead)


November 2nd, 2010 - 2:00 pm ICT by IANS
Mumbai, Nov 2 (IANS) With inflation rate still above its comfort zone, India's central bank Tuesday hiked both its short-term borrowing and lending rates by 25 basis points each in what could ... Read more...

Posted in Business |

India’s central bank signals higher consumer, corporate loan rates (Roundup)


September 16th, 2010 - 5:24 pm ICT by IANS
Mumbai, Sep 16 (IANS) Housing, automobile and corporate loans in India are set to become dearer with the central bank Thursday hiking its short-term interest rates for the fifth time this ... Read more...

Posted in Business |

SBI raises lending, deposit rates; loans to get costlier


August 16th, 2010 - 7:53 pm ICT by IANS
New Delhi, Aug 16 (IANS) State Bank of India said Monday it will raise benchmark prime lending rate by 50 basis points and deposit rates by 25 to 150 basis points ... Read more...

Posted in Business |

New interest rate regime come into force Thursday


June 30th, 2010 - 6:26 pm ICT by IANS
Mumbai, June 29 (IANS) A new interest rate regime, aimed at improving transparency and disallowing big corporations to get loans at rates below established benchmarks, will kick in from Thursday as ... Read more...

Posted in Business |

SBI fixes base rate at 7.5 percent


June 29th, 2010 - 2:29 pm ICT by IANS
Mumbai, June 29 (IANS) The country's largest lender, State Bank of India (SBI), Tuesday fixed its base rate for lending at 7.5 percent per annum which would kick in from July ... Read more...

Posted in Business |

India’s central bank hikes rates further to tame inflation (Roundup)


April 20th, 2010 - 3:31 pm ICT by IANS
Mumbai, April 20 (IANS) Interest rates on housing, automobile and corporate loans were set to rise with India's central bank hiking key rates in its monetary policy for this year unveiled ... Read more...

Posted in Business |

India’s central bank hikes key rates to tame inflation


April 20th, 2010 - 1:07 pm ICT by IANS
Mumbai, April 20 (IANS) Interest rates on housing, automobile and corporate loans are set to rise with India's central bank hiking key rates in its monetary policy for this year unveiled Tuesday ... Read more...

Posted in Business |

Citibank to make $36.5 bn available for lending


February 3rd, 2009 - 8:58 pm ICT by IANS
New York, Feb 3 (DPA) Citigroup Inc. has plans to use $36.5 billion - part of a $45-billion government bail-out - for consumer and corporate loans and new US mortgages, Bloomberg reported ... Read more...

Posted in Uncategorized |

Chamber advises against bailing out Satyam


January 8th, 2009 - 8:53 pm ICT by IANS
Chandigarh, Jan 8 (IANS) The PHD Chamber of Commerce and Industry, a leading business and industry lobby in north India, Thursday asked the central government not to offer any bailout package for ... Read more...

Posted in Uncategorized |

Interest on household, corporate loans set to soften (Roundup)


November 4th, 2008 - 6:46 pm ICT by IANS
New Delhi, Nov 4 (IANS) Households and industry alike should have a cause for cheer as cost of credit on home loans or corporate borrowings is set to soften, after the chiefs ... Read more...

Posted in Uncategorized |

Cyprus Bank buys 80 per cent of Russias Uniastrum


June 28th, 2008 - 9:35 am ICT by ANI
Nicosia, June 28 (ANI): The Bank of Cyprus (BOC) - Eastern Mediterranean island of Cyprus biggest bank has said it has clinched a deal to buy 80 per cent in Russias ... Read more...

Posted in South Asia |

IMF warns of near-trillion-dollar loss in financial crisis


April 9th, 2008 - 3:22 am ICT by admin
DPA Washington, April 9 (DPA) Financial institutions could suffer losses as high as $945 billion from the ongoing credit crisis, according to a gloomy forecast by the International Monetary Fund Tuesday that far ... Read more...

Posted in World |

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