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About 14 results for "foreign lender rsquo"

It's time govt started taking decisions: Deepak Parekh
Rediff.com

It's time govt started taking decisions: Deepak Parekh

Deepak Parekh, chairman of Housing Development Finance Corporation (HDFC), India’s largest mortgage lender, says the exuberance in industry about the new government is justified but big ideas articulated by the prime minister need speedy implementation. In an interview with Shyamal Majumdar & Manojit Saha, he also backed the Reserve Bank of India’s decision to hold interest rates and said he expected only a marginal rate cut in 2015. Excerpts: Do you share the general exuberance ... Rediff.com, 1 month ago
Rediff.com

SBI to raise global biz share to 25% in 3 years

State Bank of India, the country’s largest lender, has prepared a three-year schedule for raising the share of its international business in the balance sheet to 25 per cent from 18 per cent at present. Chairperson Arundhati Bhattacharya told Business Standard: “International operations should actually give us a risk diversification. "Meaning, it should not be doing only Indian business, sitting at a foreign centre. "Of course, it is our strength and we would continue to do part of ...
 Rediff.com2 months ago
Himalayan times

BIZ BRIEFS: HDFC Bank stake

MUMBAI: India’s foreign investment regulator has approved raising the foreign holding limit in the second-biggest private sector lender HDFC Bank Ltd but counts its parent’s holding as foreign, the Business Standard newspaper reported on Saturday.
 Himalayan times1 week ago
Rediff.com

RBI revises rules on reporting of bad loans

The Reserve Bank of India issued new guidelines on Tuesday on the reporting of bad debt and the working of the Joint Lenders’ Forum.It said banks will be permitted to report their SMA-2 (Special Mention Accounts) and JLF formations on a weekly basis, at the close of business on every Friday. If a holiday, banks will have to report the details on the next working day.Earlier, RBI had set up three categories of SMAs. These were SMA-0, where principal or interest payment was not overdue for ...
 Rediff.com1 month ago
Rediff.com

ICICI Bank goes slow on hiring for now

ICICI Bank, which more than doubled its headcount in the past five years, has decided to go slow on hiring for now. The country’s largest private sector lender has paused on fresh recruitment and, in many cases, isn’t even replacing those leaving the company. Instead, it is focusing on improving the productivity and efficiency of its existing workforce. “We believe given our scale of operations, employee additions through the last two years and our aspirations in terms of ...
 Rediff.com4 days ago
Rediff.com

Sensex, Nifty end at record highs; banks, capital goods rally

The 30-share Sensex surged 267 points to end at 28,335 and the 50-share Nifty gained 75 points to close at 8,477. The markets scaled fresh all-time highs led by a strong rally in banking shares following Kotak Mahindra Bank’s acquisition of ING Vysya. Further, strength in the global markets lifted the sentiments of the market participants. Investors will watch out for Monday as the parliament convenes its winter session in which the government is confident of passing legislation to allow ...
 Rediff.com5 days ago
Rediff.com

Markets snap 2-day losing streak; Nifty ends above 8,400

IT shares like TCS, Infosys and Wipro gained by over 1% on the back of depreciating rupee. Markets have closed marginally higher amid volatility led by buying among defensive sectors like pharma and IT shares. However, selling pressure in select metal, auto and bank shares capped the upside gains. Investors have turned cautious ahead of the winter session of Parliament which begins next week and RBI's policy review due on December 2. The 30-share Sensex ended higher 35 points at 28,068 while ...
 Rediff.com6 days ago
Rediff.com

Sensex ends flat after hitting life-time high of 28,283

The Sensex ended 15 points lower at 28,163 after hitting life-time high of 28,282.85 and the Nifty ended down 5 points at 8,426 after touching an all-time high of 8,454.50. B enchmark share indices came off their fresh record highs to end marginally lower weighed down by profit taking in IT majors and mortgage lender HDFC. The Sensex ended 15 points lower at 28,163 after hitting life-time high of 28,282.85 and the Nifty ended down 5 points at 8,426 after touching an all-time high of ...
 Rediff.com1 week ago
Rediff.com

Big opportunity for banks as online shopping booms

It's not e-retailers alone. Bankers are also celebrating initiatives like 'Big Billion Day Sale' this festive season.  For, online shopping of physical goods in India is estimated to reach $4 billion in 2014, and multiply by over 11 times to $45 billion by 2020 - reflecting a compound annual growth rate (CAGR) of 50 per cent. The country's internet population, 213 million as on 2013, is seeing an addition of five million every month, driven by the rapid growth in smartphones. Most banks ...
 Rediff.com2 weeks ago
Rediff.com

FinMin asks RBI to ease infra funding norms

The Finance Ministry has asked Reserve Bank of India Governor Raghuram Rajan to provide greater flexibility to banks funding stalled infrastructure projects, after concerns were raised by senior bankers that some lending requirements were too ‘stringent’.A department of financial services communication to Rajan sought to de-link the extent of cost overruns as a condition for classifying any project as a restructured asset.It also sought to allow lenders to decide the extent of ...
 Rediff.com3 weeks ago
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