The recently announced stimulus package is expected to prove beneficial for the infrastructure sector though the implementation is thought to give troubled times. As part of this package, the upper limit for overseas borrowing has [...]
Axis Bank
The cumulative effect of ‘cut in aviation turbine fuel price’ and ‘decline in factory cut duties’ might push inflation to zero percent, expects Axis Bank. After moving up to 13 percent in August and coming [...]
Among the banks to cut on credit limits of customers, ICICI is one to punish the clients despite no defaults on their part. The customers were divulged this information via messages on their mobile sets. [...]
Axis Bank announced on Monday that Shikha Sharma took over the charge as the new Managing Director and CEO. The third largest private sector bank of India, Axis bank spans a huge network of over [...]
As a result of the recent two-day strike observed by the staff of the national banks, ATMs of both the private banks and PSU ran heavily out of cash. Problem was further amplified when the [...]
According to recently released Central Bank data, it has been revealed that the amount of outstanding bank loans decreased by 119 billion Rupees in two weeks to January 15th as several companies rushed to repay [...]
A number of prominent banks today saw a fall in their valuations on account on profit booking on the BSE. Amongst the banks that saw their price take a beating included the banking behemoth SBI [...]
Indias largest bank, SBI has apparently extended it special home loan rate which offers home loans at 8 percent till April and is aggressively trying to increase its growth figures. The move to extend special [...]
Indian Markets breadth has taken a positive outlook with respect to central Bank monetary policy. Fluctuations in global events, Quarterly results and more importantly RBI’s annual policy have provided the Indian market a move. The [...]
The government is in discussion with the Reserve Bank of India for considering a proposal of RBI to raise the exposure limit of banks to the equity markets. This measure would help in boosting up [...]
