Financial Institution

  • FM to meet heads of PSU banks, financial institutions on Tuesday May 12, 2014

    Amidst rising bad loans, Finance Minister P Chidambaram will review financial performance of public sector banks (PSBs) on Tuesday. The review will cover overall credit growth, with particular reference to agricultural credit, MSME credit, housing loan, education loan and lending to minority communities among others, an official statement said. Chidambaram will also...
  • Odisha: Police raid over 80 financial institutes, Rs 10 crore frozen May 11, 2013

    CNN-IBN had exposed how 40 financial companies in Odisha had duped investors of more than Rs 20,000 crore. ...
  • A pragmatic Budget given the tough economic realities: Meera Sanyal on Budget 2013 March 1, 2013

    Is the Income Tax surcharge on the super-rich the right way? Meera Sanyal, Country Executive India, Royal Bank of Scotland Group (RBS Group), joined IBNLive readers for an interaction on the issue. Q. Can the FM not order RBI to reduce borrowing costs and damn inflation? Asked by: sri ...
  • Govt allows FIs to raise Rs 50,000 cr via tax-free bonds February 28, 2013

    New Delhi: To encourage investment in the infrastructure sector, some financial institutions have been allowed to raise about Rs 50,000 crore from tax-free bonds in 2013-14. "I propose to allow some institutions to issue tax-free bonds in 2013-14 strictly based on the need and capacity to raise money in the...
  • Fitch revises Indian FIs' rating to negative June 20, 2012

    New York: Fitch Ratings has revised the Outlook on the 'BBB-' Long-Term (LT) Foreign Currency (FC) Issuer Default Rating (IDR) of India-based financial institutions to Negative from Stable, while affirming the rating. These include six government banks (including an international banking subsidiary of a government bank), two private banks, two wholly...
  • CSA to sign huge sponsorship deal June 5, 2012

    Johannesburg: In a boost to its sagging fortunes after the IPL 2 bonuses debacle, Cricket South Africa is on the verge of signing a huge deal with a leading insurance company. Acting chief executive of CSA, Jacques Faul confirmed that a six-year sponsorship deal with a financial institution was imminent,...
  • JP Morgan reports fourth Quarter net income of $702 mln January 15, 2009

    New Delhi: The credit crisis and economic slowdown continues to affect the financial markets. The profits of JPMorgan Chase's America's second largest bank by assets fell by a ghastly 76 percent. JP Morgan Chase reported fourth Quarter net income of $702 mln, or 7 cents a share, compared to $2.97...
  • Buying your dream house just got easier September 13, 2007

    Mumbai: Is that dream house still unaffordable? You think, you missed the bus? Well chances are that, that dream house could still be yours — thanks to the measures initiated by the RBI through successive credit policies in the last one year, like the rise in risk weightage on loans...