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RBI hikes inter-bank exposure limits of UCBs

February 3, 2009February 3, 2009 by Editor's Desk

The Reserve Bank of India (RBI) has hiked the prudential inter-bank exposure limit for the urban cooperative banks (UCBs) to 20%, from the current cap of 10%, of their total deposit liabilities. Earlier, prudential inter-bank exposure limit, which is the total amount of deposits placed by an UCB with other banks including includes instruments such … Read more RBI hikes inter-bank exposure limits of UCBs

Funding sources for Corporate India

February 2, 2009February 2, 2009 by Editor's Desk

Goldman Sachs analyzed the flow of funds to Corporate India across various domestic and foreign channels, thus far in FY09. Overall, the flow of funds to the commercial sector has declined by US$19.2bn in FY09 compared to FY08, according to recently released data by the Reserve Bank of India (RBI). All major foreign sources of … Read more Funding sources for Corporate India

BoR signs pact with TAFE

January 29, 2009January 29, 2009 by Editor's Desk

Banking entity, Bank of Rajasthan (BoR), has entered into a pact with Tractors and Farm Equipment (TAFE) to make available tractors to farmers at cheaper rates. The move would enable the farmers primarily in Rajasthan, Madhya Pradesh and Haryana to avail tractor loans at an interest rate of 12% and reduced margin money of 5% … Read more BoR signs pact with TAFE

RBI Quarterly Review – Repo, Reverse Repo, CRR rates unchanged

January 27, 2009January 27, 2009 by Editor's Desk

The RBI in its quarterly review has left the Repo, Reverse Repo and CRR rates unchanged surprising the market expectations of smaller cuts. While there were some expectations that the apex bank would further loosen its monetary policy in response to faster-than-expected pace of decline in inflation, RBI feels that there is enough monetary currents … Read more RBI Quarterly Review – Repo, Reverse Repo, CRR rates unchanged

Gross NPAs of banks on rise

January 27, 2009 by Editor's Desk

Rising delinquencies have indicated a worse performance of the banking sector in the published third quarter results showing an increased gross non-performing assets (NPAs) of the banks at 30% over the corresponding period last year. Riding high on the backdrop of an over Rs 2.60 lakh crore increase in the loans given by the top … Read more Gross NPAs of banks on rise

ICICI Bank reports 3.41% rise in the net profit for Dec’08 qtr

January 24, 2009January 24, 2009 by Editor's Desk

ICICI Bank has reported a 3.41% rise in the net profit to Rs 1,272.15 crore for the December 2008 quarter as against Rs 1,230.21 crore for the December 2007 quarter. The bank’s total income moved up from Rs 10,338.36 crore for the December 2007 quarter to Rs 10,350.62 crore for the December 2008 quarter. On … Read more ICICI Bank reports 3.41% rise in the net profit for Dec’08 qtr