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ICICI Bank to pay Rs 55,000 to Delhi resident 2 Nov 2012 | 07:23 am
The ICICI Bank has been ordered by a consumer forum here to pay Rs 55,000 as compensation to one of its customers for unilaterally transferring her loan account to an asset reconstruction company for ...
RBI: New guidelines issued for rehabilitation of sick MSEs 2 Nov 2012 | 07:14 am
A unit will be considered sick if any of the borrowal account of the enterprise remains NPA for 3 months or more Revising the definition of sickness in micro and small enterprises (MSEs), the Reserve...
‘NPA situation is not alarming but disturbing’ 31 Oct 2012 | 04:24 pm
RBI Governor D.Subbarao once again chose to stand firm and hold the repo rate in his October monetary policy review. There has been mounting pressure both from markets and from the Government to cut r...
RBI: Banks should share info to counter bad loans 31 Oct 2012 | 04:20 pm
The Reserve Bank of India has asked banks to share information on credit exposure, derivatives and unhedged forex currency exposures of borrowers among themselves. RBI said the banks should strictly a...
Banks to set aside more money as RBI hikes provisioning 31 Oct 2012 | 03:48 pm
As requests for loan recasts hit all-time high and are set to top Rs 3.25 lakh crore this fiscal, RBI today raised the provisioning for restructured assets to 2.75% from earlier 2%, a move that will h...
IOB's Rs 120-cr loan to Kingfisher may turn into NPA 30 Oct 2012 | 09:05 pm
Chennai-based public sector lender Indian Overseas Bank (IOB), which has exposure of Rs 120 crore to cash-strapped Kingfisher Airlines, said the account might become a non-performing asset (NPA) for t...
Bank of India Q2 drops as provisioning shoots up by 79% 30 Oct 2012 | 04:16 pm
MUMBAI: Bank of India (BoI) reported 38.5 per cent dip in profit to Rs 302 crore in the second quarter as provisions for bad loans jumped a massive 79 per cent. Net profit of the public sector bank s...
Suzlon in talks with lenders for debt recast 30 Oct 2012 | 04:01 pm
Loss-making wind turbine maker Suzlon Group today said it has started discussions with lenders for restructuring debt, including a two-year moratorium on repayment of term loans. The development come...
Poor honest buyers find it difficult to get loan : Chidambaram 24 Oct 2012 | 09:20 am
NEW DELHI: Finance minister P Chidambaram on Tuesday asked banks and financial institutions not to hesitate in giving loans to the poor, saying they are honest borrowers and do not default on payment....
BoBs bottomline hit due to high provisioning for NPA 23 Oct 2012 | 09:21 am
Bank of Baroda (BoB), leading public sector lenders witnessed a rise of 11.60% in net profit of Rs 13.01 billion for the quarter ended Sept. 30, 2012 as compared to Rs 11.66 billion for the quarter en...
