Spanish banks’ bad-loans ratio hits new record
August 18th, 2012 - 1:10 pm ICT by IANS
Madrid, Aug 18 (IANS/EFE) The ratio of non-performing loans to total outstanding loans held by Spanish banks has risen to a record 9.42 percent, topping the previous mark of 9.15 ... Read more...
Posted in Uncategorized |
Self respect, not charity is our belief: Magsaysay winner
July 26th, 2012 - 2:43 pm ICT by IANS
Chennai, July 26 (IANS) Our belief is in self respect, empowering women, removal of poverty through self help groups and not in charity, said Kulandei Francis, a 2012 winner of ... Read more...
Posted in Health Science |
Indian wins Ramon Magasaysay Award
July 26th, 2012 - 1:30 am ICT by IANS
Chennai, July 25 (IANS) India's Kulandei Francis is one of the six winners of the prestigious Ramon Magasaysay Award for 2012, announced by the organisers in Manila Wednesday.Francis is being ... Read more...
Posted in Uncategorized |
ADB concerned about food price hike, inflation
June 30th, 2011 - 10:46 pm ICT by IANS
Kolkata, June 30 (IANS) The Asian Development Bank (ADB) is concerned about food price hike and inflation not only in India but in the whole of Asia, a top executive ... Read more...
Posted in Business |
Indian Bank to expand loans against jewels business
November 30th, 2010 - 7:11 pm ICT by IANS
Chennai, Nov 30 (IANS) With many pawn brokers firms raking in good business by extending loans against pledged jewels, the state-run lender Indian Bank has decided to expand its operations with 15 ... Read more...
Posted in Business |
CEO’s arrest may hit future plans of LIC Housing Finance
November 25th, 2010 - 12:07 am ICT by IANS
Chennai, Nov 24 (IANS) The arrest of LIC Housing Finance Limited's CEO Ramachandran Nair by India's federal probe agency Wednesday would be a setback for the company's ambitious plans of floating a ... Read more...
Posted in Business |
L&T Infra to increase exposure to non power core sectors
October 20th, 2010 - 8:22 pm ICT by IANS
Chennai, Oct 20 (IANS) Larsen and Toubro Infrastructure Finance Company (L&T Infra) will increase its exposure to non-power sector, a top company official said Wednesday."Currently, the distribution of loans to power sector ... Read more...
Posted in Business |
Lennar Corporation acquires approximately $740 million of distressed real estate assets
October 2nd, 2010 - 12:25 am ICT by BNO News
MIAMI, FLORIDA (BNO NEWS) -- Lennar Corporation on Friday announced that it completed the acquisitions of approximately $740 million of distressed real estate assets, in separate transactions, from three large financial institutions. ... Read more...
Posted in Business |
Karur Vysya Bank to 35 branches, eyes 26 percent profit growth
August 6th, 2010 - 4:52 pm ICT by IANS
Kolkata, Aug 6 (IANS) Chennai-based Karur Vysya Bank will open 35 branches, mostly in northern India, to have a national footprint, and hopes to earn a 26 percent growth in profit this ... Read more...
Posted in Business |
Indian Bank seeks partners for merchant banking and MF business
July 25th, 2010 - 2:45 pm ICT by IANS
Chennai, July 25 (IANS) Indian Bank is in the process of inducting partners for its merchant banking and mutual fund arms and merging the housing finance outfit with itself, a top official ... Read more...
Posted in Business |
LIC Housing plans dwelling units for senior citizens
August 14th, 2009 - 6:40 pm ICT by IANS
Chennai, Aug 14 (IANS) Housing financer LIC Housing Finance is planning to build homes for senior citizens in Jaipur and Bhubaneswar, said a top company official here Friday.
"We have acquired seven acres ... Read more...
Posted in Business |
IDBI Bank expects lower loan, deposit growth
July 10th, 2009 - 5:23 pm ICT by IANS
Kolkata, July 10 (IANS) State-run IDBI Bank is expecting a loan disbursement growth of 18 percent and deposit growth of 20 percent this fiscal, considerably lower than that achieved in the last ... Read more...
Posted in Business |
UCO Bank to give incentives to borrowers
March 6th, 2009 - 9:28 pm ICT by IANS
Kolkata, March 6 (IANS) The state-owned UCO Bank has decided to provide 50 basis points loan rate cut to borrowers in some sectors as incentives, a top bank official said here Friday.
"We ... Read more...
Posted in Business |
Ahli United Bank announces net profits amounting to 255.7 million dollars
February 19th, 2009 - 11:21 am ICT by ANI
Nicosia, Feb 19 (ANI): Ahli United Bank of Bahrain has announced that its net profit for 2008 amounted to 255.7 million dollars, while its total operating income rose to 665.5 million ... Read more...
Posted in Business |
UCO Bank expects to disburse more loans this quarter
December 19th, 2008 - 7:43 pm ICT by IANS
Kolkata, Dec 19 (IANS) State-owned UCO Bank expects 25 percent growth in loan disbursement in the third quarter of the current fiscal, a top company official said here Friday."Since October, our loan ... Read more...
Posted in Uncategorized |
Kerala banks increase education loan portfolio
October 8th, 2008 - 7:00 pm ICT by IANS
Thiruvananthapuram, Oct 8 (IANS) Banks in Kerala have reported a huge increase in the number and amount of education loans sanctioned in the year ended June 30, 2008. According to the figures ... Read more...
Posted in Business |
ABN-Amro sees rise in personal loan defaulters
August 12th, 2008 - 6:53 pm ICT by IANS
Mumbai, Aug 12 (IANS) ABN Amro Bank has seen a rise in the number of personal loan defaulters in its India operations, the bank's country executive Meera Sanyal said here Tuesday. "This ... Read more...
Posted in Business |
Singaporean firm acquires 25.4 percent stake in Reid and Taylor
July 3rd, 2008 - 3:14 pm ICT by IANS
New Delhi, July 3 (IANS) Apparel maker S.Kumars Nationwide Ltd (SKNL) announced Thursday that Singapore government-owned GIC SI has acquired 25.4 percent equity stake in its wholly-owned luxury brand Reid and Taylor ... Read more...
Posted in World |
Bank of Baroda expects higher loan, deposit portfolio
July 1st, 2008 - 6:03 pm ICT by IANS
Kolkata, July 1 (IANS) Bank of Baroda expects to register a 27 percent growth in loans and 24 percent growth in deposits in the first quarter of the current fiscal, a top ... Read more...
Posted in Business |
Consumers fret as State Bank hikes interest rates (Lead)
June 26th, 2008 - 9:14 pm ICT by IANS
Mumbai, June 26 (IANS) India's largest commercial bank, the State Bank of India (SBI), Thursday hiked its primary lending rate by 50 basis points in what is expected to trigger similar moves ... Read more...
Posted in Business |
SBI hikes interest rate by 0.5 percent
June 26th, 2008 - 7:52 pm ICT by IANS
Mumbai, June 26 (IANS) The country's largest public sector bank, the State Bank of India (SBI), Thursday hiked its benchmark prime lending rate (PLR) by 0.5 percent to 12.75 percent annually. The ... Read more...
Posted in Business |
SBI resumes farm implements loans
May 21st, 2008 - 10:29 pm ICT by admin
Mumbai, May 21 (ANI): The State Bank of India on Wednesday went back on its decision to halt loans for purchasing farm implements, after severe criticism from political parties as well ... Read more...
Posted in National |
State Bank to provision $10 mn for sub-prime
April 23rd, 2008 - 8:51 pm ICT by admin
Mumbai, April 23 (IANS) State Bank of India (SBI), the country's largest scheduled commercial bank, will provision $10 million to account for the notional losses it has suffered due to the crisis ... Read more...
Posted in Business |
Latin American banks discuss micro credit for poor
April 6th, 2008 - 9:29 pm ICT by admin
Miami, April 6 (IANS) Latin American banks and financial experts have converged here to explore ways to reach out to the poor through micro credit and other initiatives, EFE new agency reported ... Read more...
Posted in Business |
Shriram City Finance targets Rs.10 bn car loan portfolio
March 10th, 2008 - 7:10 pm ICT by admin
Chennai, March 10 (IANS) Non-banking finance company Shriram City Union Finance Limited is targeting to increase its car loan portfolio to Rs.10 billion ($2.5 billion) in an accelerated manner next fiscal year, ... Read more...
Posted in Business |
Chidambaram asks banks to slash interest rates on home loan upto Rs 20 lakhs
March 6th, 2008 - 5:09 pm ICT by admin
New Delhi, Mar 06 (ANI): Considering public demand, Finance Minister P Chidambaram on Thursday asked banks and RBI to slash interest rates on housing loans of Rs 20 lakhs.
Interacting with the industry ... Read more...
Posted in National |