FirstRand Bank India (FRB), a unit of the South African banking major, is starting its India innings by offering the highest rate on savings account at 7.25%.
Section: Money | Wednesday, May 23, 2012 8:00 IST
Morgan Stanley, the Wall Street investment bank, on Monday slashed India’s GDP growth for this fiscal to as low as 6.3% and for next fiscal to 6.9%.
Section: Money | Tuesday, May 22, 2012 9:00 IST
As dollar turns safe haven, long-term bets are off and no one is looking beyond a seven-day guess on the rupee’s crash path.
Section: Money | Monday, May 21, 2012 9:00 IST
This follows the RBI persuading leading lenders such as the SBI, ICICI Bank, Bank of India, Bank of Baroda and HDFC Bank to fulfil the pre-requisites and apply for adoption not before June 30.
Section: Money | Monday, May 21, 2012 8:45 IST
Borrowing costs of corporates are seen remaining high, given liquidity constraints and a low likelihood of a reduction in the repo rate, or the rate at which banks borrow from the Reserve Bank of India (RBI), in the near term.
Section: Money | Saturday, May 19, 2012 9:15 IST
Interest rates hardened by a staggering 375 basis points between March 2010 and October 2011. But the bright spot was the retail segment, which saved the blushes for banks with red-hot offers and strong asset quality.
Section: Money | Thursday, May 17, 2012 8:50 IST
Sizwe Nxasana, CEO of FirstRand Group, tells DNA what the bank is lining up in days ahead.
Section: Money | Thursday, May 17, 2012 8:49 IST
The country’s top lender, is looking to strengthen its retail car loans portfolio by reintroducing a lower 11.25% rate of interest for all tenures, which will be now the card rate.
Section: Money | Wednesday, May 16, 2012 8:45 IST
Owing to high inflation woes, the Reserve Bank of India (RBI) will refrain from cutting key policy rates drastically.
Section: Money | Tuesday, May 15, 2012 8:45 IST
Inflation as measured by the Wholesale Price Index (WPI) surprisingly rose in April, putting paid to hopes of fresh interest rate easing by the RBI in the near future.
Section: Money | Tuesday, May 15, 2012 8:30 IST
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