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    1. Business News
    2. Authors
    3. bankingbureau

    Banking Bureau

    SBI relents, lifts moratorium on tractor & equipment loans

    Facing criticism from political, industrial & banking circles, SBI has withdrawn a circular that instructed its branches to suspend credit…

    By Banking Bureau
    May 22, 2008 00:10 IST
    SBI to open 3,000 branches in rural, semi-urban areas

    The State Bank of India is planning to embark on a massive expansion in rural and semi-urban areas. SBI, which…

    By Banking Bureau
    May 21, 2008 23:28 IST
    Bank of Baroda?s Q4 net surges 12.5%

    Higher interest income, interest earned on advances and treasury earnings has pro-pelled the net profit of state-run Bank of Baroda…

    By Banking Bureau
    May 21, 2008 23:25 IST
    ‘Inflation to moderate soon’

    Despite surging inflation, which has touched a 44-month high of 7.83% for the week ended May 3, Reserve Bank of…

    By Banking Bureau
    May 21, 2008 23:23 IST
    RBS announces top-level appointments in India

    In an effort to strengthen operations in the country, post acquisition of ABN AMRO, Royal Bank of Scotland has for…

    By Banking Bureau
    May 20, 2008 23:40 IST
    SBI stops financing tractors & equipment until NPAs fall

    Hit hard by sticky assets in the tractor & power tilling equipment segment, the country?s largest bank, State Bank of…

    By Banking Bureau
    May 20, 2008 00:11 IST
    HSBC acquires IL&FS Investsmart

    HSBC India has decided to acquire retail brokerage house IL&FS Investsmart Ltd in a bid to foray into retail broking…

    By Banking Bureau
    May 18, 2008 23:33 IST
    Irda waits for government order on new chief

    Irda has remained headless as the Centre is yet to notify the name of the new chairman. CS Rao retired…

    By Banking Bureau
    May 17, 2008 02:08 IST
    Crisil downgrades ICICI Bank?s securitisation pool

    Crisil has downgraded ratings of a pool backed by commercial vehicle loan receivables originated and serviced by ICICI Bank Ltd.

    By Banking Bureau
    May 17, 2008 01:55 IST
    Re slumps as inflation hits 4-year high

    The money market reacted sharply as the WPI rose 7.83% for the week ended May 3, scaling a fresh 44-month…

    By Banking Bureau
    May 17, 2008 01:01 IST
    Citi Financial to rejig operations

    After seeing an unexpected rise in sticky loans in its consumer finance business in India, Citibank has said it is…

    By Banking Bureau
    May 16, 2008 00:10 IST
    India?s fundamentals remain strong: Moody?s

    In breather to the ongoing slowdown in Indian economy, Moody’s Investors Service in a new report has said that the…

    By Banking Bureau
    May 15, 2008 23:49 IST
    Rupee may weaken further

    Heavy capital outflows, high crude oil prices & huge demand by oil companies are pressuring the rupee.

    By Banking Bureau
    May 15, 2008 23:31 IST
    Syndicate Bank?s net up by 21% in Q4

    The net profit of the state-run Syndicate Bank for the quarter ended March 31, 2008 was at Rs126 crore up…

    By Banking Bureau
    May 15, 2008 23:27 IST
    SBI Cards forays into retail finance products

    As a part of the restructuring initiative, after appointing .Diwakar Gupta, one of the top executives of State Bank of…

    By Banking Bureau
    May 15, 2008 23:26 IST
    SBI?s insurance JV partner under takeover threat Banking Bureau

    Insurance Group of Australia which has entered into a Memorandum of Understanding with State Bank of India on Tuesday for…

    By Banking Bureau
    May 14, 2008 23:08 IST
    Exim Bank commits $8.2 bn credit for Indian firms

    Export-Import Bank of the US has committed $8.2 billion worth of credit exposure towards assisting eight Indian financial institutions to…

    By Banking Bureau
    May 14, 2008 22:53 IST
    Kotak clients take Rs 612-cr hit

    Kotak Mahindra Bank, which recorded a net profit of Rs 69 crore for the fourth quarter of FY08, made a…

    By Banking Bureau
    May 10, 2008 01:33 IST
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