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About 9 results for "foreign lender rsquo"

It's time govt started taking decisions: Deepak Parekh

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 ..., 3 weeks ago

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.com1 month ago

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 week ago

Icra downgrades Jet Airways' loan

Following delays in Jet Airways servicing its interest payments, credit rating agency Icra has downgraded the company’s loans from ‘BB’ to ‘D’ (default grade). The agency has brought the airline’s long-term and short-term loans and fund- and non-fund based limits amounting to Rs 7,460 crore (Rs 74.60 billion) under this rating. Jet Airways has total debt of about Rs 9,800 crore, in rupee and dollar denominations. This includes about Rs 6,000 crore of ...
 Rediff.com2 months ago

Markets end higher; Sep inflation, RIL Q2 eyed

Benchmark share indices staged a recovery in late trades, amid firm European cues, helped by a rebound in financials while IT shares gained post upbeat July-September earnings from Infosys. The 30-share Sensex ended up 86 points at 26,384 and the 50-share Nifty ended up 24 points at 7,884. The government will release consumer price inflation data for September later today. Foreign investors were net sellers in Indian equities to the tune of Rs 720 crore on Friday. Global investment bank JP ...
 Rediff.com2 weeks ago

Little festive cheer for bank credit growth

2014 sees slowest start to festival season in at least 7 yearsFestive fervour ahead of Diwali appears to have done little to support banks’ sagging credit growth. Despite attractive interest rates being offered and processing fees getting waived, lenders’ credit at the start of this year’s festival season has grown at the slowest rate in at least seven years.According to latest data, loans offered by banks during the period between August and the third week of September ...
 Rediff.com3 weeks ago

Rajan reiterates hawkish view on price rise

Also says PSU banks divestment to be considered after improvement in governance Inflation in India as measured by the Consumer Price Index (CPI) is off its peak rate of rise but still high due to supply-side rigidities, Citigroup quoted Reserve Bank governor Raghuram Rajan saying so during an investor summit in Boston, USA, on Thursday.“Food inflation is a source of discomfort and given the sub-par monsoon this year, there is a need to keep an eye on it,” it quoted Rajan.The RBI ...
 Rediff.com1 month ago

Going abroad? Don't forget your travel card

Carrying cash or credit cards can be risky when travelling abroad. One always wishes that one could have a safe ‘money carrying’ medium that would provide money in whichever currency you require at the instance. Travel cards fulfill these requirements of yours. What are travel cards? Travel cards are like debits cards-loaded with the currency of your choice or which the lenders offer. You can pay this money at your bank in rupees. These cards can be used to transact all over the ...
 Rediff.com1 month ago

Sensex ends at 2-week low amid weak global cues

Markets extended losses for the third straight session on Friday as investors sold stocks across sectors amid escalating geopolitical tensions in Ukraine and Iraq. The 30-share Sensex slipped 259.87 or 1.02% to end at 25,329.14, hitting a 2-week low. The Sensex had ended at 25,991 on July 28. The 50-share Nifty dipped 80.70 points or 1.06% to close at 7,568.55. The broader markets underperformed benchmark share indices as the BSE Mid-cap and Small-cap tumbled over 2%. Foreign funds were net ...
 Rediff.com2 months ago
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