Search Results for 'Banks'

New Year, new, higher EMI: Banks hike rates up to 50 bps

Banks including the State Bank of India (SBI) raised loan rates on Friday. SBI’s base rate went up by 40 basis points to 8 per cent, and ICICI Bank hiked its base rate and benchmark prime lending rate (BPLR) by 50 basis points to 8 [...]

Posted On : Jan, 01 2011 | Comments : 0

Banks engrossed with interest rates only this year

The tight monetary policy measures adopted by Reserve Bank of India the whole year has kept banks engrossed in interest rates for the major part of 2010. Towering inflation figures are in fact an indicative that the rate game would conti [...]

Posted On : Dec, 29 2010 | Comments : 0

SBP stresses upon banks to tackle rising NPLs

The State Bank of Pakistan (SBP) has stressed upon the banks to devise ingenious strategies to deal with the high level of Non-Performing Loans (NPLs). Due to NPLs, the promising businesses are facing transitory difficulties due to a con [...]

Posted On : Dec, 28 2010 | Comments : 0

Banks will reclaim losses from consumers

Q: I recently read the Federal Reserve has proposed a sharp reduction in the fees bank charge retailers for debit card transactions. Won't that benefit the consumer, as retailers won't be paying as much to credit card companies f [...]

Posted On : Dec, 26 2010 | Comments : 0

Banks wrote off Rs74.38 bn loans in 08-09, NA told

At a time when Pakistan’s economy is in shackles after accepting hard conditions of the donors for getting new loans and its borrowing from the State Bank of Pakistan (SBP) has gone to Rs281 billion till November this year, the gov [...]

Posted On : Dec, 24 2010 | Comments : 0

RBI urges banks to keep lending to microfinance firms

The Reserve Bank of India (RBI) has urged commercial banks to continue lending to the microfinance sector, after a crackdown on their activities by Andhra Pradesh government curbed collections and new business. A delegation of banks [...]

Posted On : Dec, 23 2010 | Comments : 0

BSE Sensex rises 0.5 pct; banks lead

the 30-share BSE index was up 0.45 percent at 19,977.68 points, with 26 components advancing. The 50-share NSE index was up 0.4 percent at 5,973.40 points.

Posted On : Dec, 21 2010 | Comments : 0

China Banks Yuan Positions Fell in November, Financial News ...

Yuan positions at Chinese banks stemming from their sale of foreign exchange fell to 319.6 billion yuan in November after the government tightened measures scrutinizing capital inflows, the Financial News reported, without citing anyone. [...]

Posted On : Dec, 20 2010 | Comments : 0

Australian Top Banks May Gain From Swan's Reforms

Australia’s four largest lenders, led by Commonwealth Bank of Australia and Westpac Banking Corp., may emerge as victors from Treasurer Wayne Swan’s package to promote banking competition, analysts and academics said. Co [...]

Posted On : Dec, 13 2010 | Comments : 0

Banks Resist Requests to Buy Back Failed Mortgage Loans

Fannie Mae and Freddie Mac are encountering growing opposition from banks as they try to make lenders including JPMorgan Chase & Co (JPM) and Bank of America Corp. (BAC) buy back failed mortgage loans. The two government-owned c [...]

Posted On : Nov, 30 2010 | Comments : 0

Banks buy GM shares, making IPO largest ever

General Motors inched further forward in its effort to repay taxpayers, announcing Friday that the banks backing its historic initial public offering had exercised their right to buy an additional block of shares in the restructured auto [...]

Posted On : Nov, 27 2010 | Comments : 0

RBA defends embattled banks

The boss of the Reserve Bank has stood by the actions of the major banks during this month’s latest round of mortgage rate hikes, saying banking is not like a normal business. RBA governor Glenn Stevens was peppered with questions [...]

Posted On : Nov, 26 2010 | Comments : 0

Irish banks may get bailout cash in days: report

The European Union and International Monetary Fund (IMF) have agreed a bailout of Ireland to shore up its banks. The loan is expected to be up to 85 billion euros ($114 billion). Ireland could impose a levy on banks as a term of the bail [...]

Posted On : Nov, 24 2010 | Comments : 0

Sensex 300 points lower; realty, banks down

cIndian equities were witnessing selling pressure as sentiments turned bearish on global economic concerns. The benchmarks pared most of yesterday’s gains as traders booked profits in realty, metals and banks. Analysts are advising [...]