Fall in yield of government securities together with high credit growth have helped Indian Banks report healthy net profit results for the quarter ended 31 December. Some of the nations banks registered double-digit growth rates. [...]
Vijaya Bank
In an announcement made on Tuesday, the Secretary of US Treasury Timothy Geithner unveils a plan for rescuing the much ruined financial sector. He said the steps taken by the US government were inadequate and [...]
In an attempt to better the capital adequacy position of lenders, the government has allowed investment of about Rs. 3800 crore to Central Bank of India, Vijaya Bank and UCO Bank. Out of this, Central [...]
With Indian growth story is facing a downward trend, Foreign Institutional investors are also no longer considering stocks of public sector banks as a convenient and favourable option to make an investment. Some months back, [...]
Vijaya Bank is expecting a growth of 16-18 percent in deposits and 20-22 percent in advances for the period ending March 2009. The projections however, have been brought down due to the global economy being [...]
A circular issued by RBI (Reserve Bank of India) stated that Banks can make provisions for non performing assets (NPAs) at rates more than the ones said in policy. However, these rates must be approved [...]
Bank Credit growth has been just three-fourth of what was expected by the apex bank i.e. RBI (Reserve Bank of India). This marks an end to the five year climbing of the bank credit sector. [...]
The tally of failed US Banks has reached to 32 with 3 more US Banks falling prey to ongoing financial crisis. US regulators on Friday shut down Silverton Bank in Georgia and formed a government-controlled [...]
The central Bank of country, RBI (Reserve Bank of India) has declined the removal of ceiling put on the amount that banks are allowed to invest in their Insurance Joint Ventures. The decision became quite [...]
RBI (Reserve Bank of India) Governor, D Subbarao told on Wednesday that banks may declare drop in lending rates in the present scenario. He said that in the wake of current situations and RBI’s policy [...]
