ArticleField.comInternet's Fastest Growing Free Content Article DirectoryWith higher rates of interest pinching individual borrowers and affecting their capacity to service their loans, the government has stepped in to ensure the interest of retail customers. In a letter to chairmen and managing directors of public sector banks, the finance ministry has asked state-run banks not to increase the Equated Monthly Installment (EMI), […]
Reserve Bank of India Deputy Governor Anand Sinha on Wednesday said that though bad loans were rising in the system, the central bank did not see it as a systemic risk yet. Talking to reporters on the sidelines of FICCI-IBA summit here, he said, “We don’t see any systemic risks from the current trend of […]
The State Bank of India today said it had no plans to take a cue from rival ICICI Bank and devise a dual rate home loan scheme. “We have no plans at present to introduce a dual rate home loan,” SBI chairman Pratip Chaudhuri said on the sidelines of the Ficci-IBA conference here today even […]
If investors need any further proof that having the government as majority shareholder is detrimental to their interests, the State Bank of India (SBI) is Exhibit A. The bank is 41 % owned by the public, but their misfortune is that the government owns the balance 59 percent – and is unwilling to chip in […]
The government said it is not considering any proposal for merger of public sector banks. “No,” minister of state of finance Namo Narain Meena said in a reply to a question whether the government has taken a decision to merge public sector banks ( PSBs). The current policy of the government on consolidation leaves the […]
