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Allahabad Bank eyeing NRI accounts
Public sector bank, Allahabad Bank is eyeing NRI accounts to shore up its business from the segment from the ‘negligible’ level of Rs 400 crore. The total NRI kitty is estimated at almost $ 48 billion and the annual remittances by Indian expatriates at $5-6 billion per annum. "Our business from NRI accounts is negligible compared to total volume of the transactions and we are working towards
Public sector bank, Allahabad Bank is eyeing NRI accounts to shore up its business from the segment from the ‘negligible’ level of Rs 400 crore. The total NRI kitty is estimated at almost $ 48 billion and the annual remittances by Indian expatriates at $5-6 billion per annum. "Our business from NRI accounts is negligible compared to total volume of the transactions and we are working towards
Banks meet on cards for base rate consensus
The guessing game by banks on each other’s base rate is expected to be over soon when country’s top bankers meet – at the behest of State Bank of India (SBI) – to discuss the new loan pricing
The guessing game by banks on each other’s base rate is expected to be over soon when country’s top bankers meet – at the behest of State Bank of India (SBI) – to discuss the new loan pricing
RBI rejects banks' proposal for borrower-specific base rates
The Reserve Bank of India (RBI) has rejected a proposal by some banks for having borrower-specific base rates. It has also not allowed them to charge a negative premium while calculating the
RBI frees export credit rate regime
As part of a plan for implementation of the base rate system, the Reserve Bank of India (RBI) today said it would free interest rates on certain segments of export finance. Bank Lending rates start
As part of a plan for implementation of the base rate system, the Reserve Bank of India (RBI) today said it would free interest rates on certain segments of export finance. Bank Lending rates start
Bank Lending rates start inching up
Banks may have kept overall lending rates unchanged despite a rise in policy rates but have started increasing rates on corporate loans in the sub-benchmark prime lending rate (BPLR) segment. Govt
Banks may have kept overall lending rates unchanged despite a rise in policy rates but have started increasing rates on corporate loans in the sub-benchmark prime lending rate (BPLR) segment. Govt
RBI moots reporting platform for CP, CD
To promote transparency in the secondary market for short term instruments, the Reserve Bank of India today proposed to introduce a reporting platform for deals in commercial paper and deposit
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