This budget may be the time to reward safety-minded investors with long-term outlook by making bank deposits equally attractive as equities.
Banking (10 unread)
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Budget 2012: Banks want lock-in period for FDs up to Rs 1 lakh reduced to 3 years
Posted: February 6th, 2012, 4:24am EST
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Starved of funds, government asks LIC to help capitalise small public sector banks
Posted: February 5th, 2012, 2:56pm EST
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Dena Bank & Syndicate Bank may be the first among nearly a dozen small public sector banks which will sell shares in the next few months. -
SBI waives service fee on SME loans under CGT scheme
Posted: February 5th, 2012, 12:48am EST
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State Bank of India has decided to waive guarantees and annual service fees for loans to small and medium businesses guaranteed under the Credit Guarantee Fund Trust scheme. -
Growth in lending to priority sector slows to 5% in December
Posted: February 5th, 2012, 12:29am EST
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Bank lending to the priority sector grew by just 5 per cent on an annualised basis in December, 2011, because of lower offtake in the agriculture and MSME segments. -
Banks in Noida assure safety of customers' assets
Posted: February 4th, 2012, 12:46pm EST
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About 104 Bank branches, which have been operating in Noida from residential areas for decades, have been asked to shift to other locations. -
SBI set to publish photographs of defaulters to force them to pay dues
Posted: February 4th, 2012, 12:44am EST
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SBI will soon start publish photographs and names of wilful defaulters in leading publications as a last resort to get them to pay their dues. -
2G: Indian banking sector should be able to absorb loan-losses, says Fitch
Posted: February 3rd, 2012, 11:31am EST
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The Indian banking sector should be able to absorb loan-losses stemming from the cancellation of 2G mobile licenses without materially impairing credit quality -
2G licence cancellation to hit banks' profits by 10%: Fitch
Posted: February 3rd, 2012, 8:04am EST
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Global ratings agency Fitch said the Supreme Court's decision to cancel 122 telecom licences will hit the profitability of banks -
RBI directs banks not to overstate value of house property for loans
Posted: February 3rd, 2012, 7:58am EST
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RBI stated banks have been found overstating value of houses they finance by adopting practices like including stamp duty and other charges in the cost -
RBI hints at more open market operations to infuse liquidity
Posted: February 3rd, 2012, 6:33am EST
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The Reserve Bank on Friday hinted at more open market operations (OMOs) to ease tight liquidity conditions in the banking system.