Home > Authors > Manju AB

Manju AB

  • RBI signals low interest rate regime; banks begin to cut rates

    Home loans and auto loans are all set to get cheaper with this rate cut, a major signal to a lower interest rate regime in India. Indeed, this is going to spur the growth in the economy and beef up consumer spending.

    Friday, 16 January 2015 - 7:10am
  • Will Raghuram Rajan's big gamble pay off?

    With a rate cut, RBI governor has put the onus on the government to revive the economy, ease supply constraints and sticks to strict financial discipline

    Friday, 16 January 2015 - 7:25am
  • SBI beats private peers in home loan disbursement

    Bank's total home loan outstanding stood at Rs 1,52,905 cr in December quarter; HDFC's home loan book was at Rs 1,45,300 cr as on September 30

    Tuesday, 13 January 2015 - 7:45am
  • Maharashtra state-run banks start charging for retail FD foreclosures

    As interest rates on deposits take a downward spiral, public sector banks are following their private sector peers to charge foreclosure penalty on retail fixed deposits. The decision stems from their fear that customers may migrate to other modes of savings as FDs turn less attractive with lower...

    Monday, 12 January 2015 - 7:00am
  • Banks turn to government for help to recover dues from Kingfisher

    Three state-owned banks seek Rs 193 crore paid to Airbus, but it failed to delivery aircraft to Kingfisher and held back funds

    Friday, 9 January 2015 - 7:35am
  • Government may consider merging banks to create strong global banks

    The government may consider merging weak smaller public sector banks, and nudge bigger ones to consolidate to create big and strong global banks in India. A banker who attended the Gyan Sangam, or the banker's retreat that concluded in Pune last week, said "Though the government said the decision...

    Monday, 5 January 2015 - 7:20am
  • Banks fret over Rs 40,000 crore loan to Bhushan Steel

    Lenders to the troubled Bhushan Steel called an emergency meeting in Mumbai on Wednesday to step up pressure on the company to bring in promoter's equity of Rs 1,000 crore, so that the restructuring process can go on stream and prevent the account from turning a bad loan.

    Friday, 2 January 2015 - 7:30am
  • Rupee may take slide path this year

    With impending hardening of rates in the US, likely less intervention by RBI, market mavens see the currency touching 66 to a dollar this year

    Thursday, 1 January 2015 - 7:30am
  • Housing sector could turnaround in 2015 with boost of FDI

    The year 2015 may well turn out to be that of turnaround for the sagging real estate sector with global investors showing renewed interest. Industry sources as well as bankers believe that the spike in foreign direct investment (FDI) in the real estate after the government relaxed regulations in...

    Monday, 29 December 2014 - 7:30am
  • Rigid rates make corporates tap cheaper resources in CP, NCD markets

    After a lull in the commercial paper market, Power Finance Corporation (PFC) this week entered the market to raise Rs 3000 crore either through commercial papers or corporate bonds for 10 years with a coupon rate of 8.65 %. The Delhi-based manufacturing company Amtek Auto raised Rs 750 crore for 5...

    Friday, 26 December 2014 - 6:00am