bank

Reliance Capital, a company led by the Anil Dhirubhai Ambani Group (ADAG), is considering foraying into banking sector again. It has tried before but RBI has declined the license due to them being an industrial house too. The company has charted out a plan for next three to five years, which includes entering the banking … Read more Reliance Capital plans to foray into the banking sector again

In a landmark notification issued by the RBI, the consumers in India finally get the right to see what is their inside their credit report. Indian Credit Cards and Loans Tracking Agency – Cardbhai has published the RBI notification. The notification said, any person, who applies for grant or sanction of credit facility, from any … Read more Indians get the Right to See their Credit Report from CIBIL

The largest banker of the country, State Bank of India (SBI) is considering opening four crore rural accounts by March 2011 in its attempt to mop up low cost deposits. The state-owned bank currently has close to about 5 crore deposit accounts in the rural areas of the country. The bank is targeting current account … Read more SBI targets low cost rural deposit accounts

According to RBI data, Indian banks’ real estate exposure grew 61% to touch Rs 90,765 crore Y-o-Y as on February 27, 2009, as compared to the growth of 26.7% during the corresponding period in the previous year.  Foreign banks too, were not way behind when it came to lending the realty sector, registering a modest … Read more RBI Data on Banks Lending to Real Estate Grew 61% YoY

Mumbai based Bank of Baroda (BoB) has replaced Canara Bank to become the third-largest public sector bank in India in terms of profit and total business for 2008-09. State Bank of India is currently the country’s largest public sector bank followed by Punjab National Bank. BoB recorded a net profit of Rs 2,227 crore for … Read more Bank of Baroda replaces Canara Bank to become the third-largest PSU bank

The country’s largest lender State Bank of India (SBI) has sought government’s permission to issue Tier I capital this financial year finance its expansion.The bank would be raising Rs 20,000 crore and it would be one of the biggest rights issue of the country. The Rs 20,000 crore rights issue would include a government contribution … Read more SBI to raise Rs 20,000 crore through India’s biggest rights issue