http://www.rupeetimes.com/news_advice News from rupeetimes.com (C) 2007 rupeetimes.com Wed, 23 Jul 2008 10:48:57 +0530 The shine of India is dimming. With high inflation, plunging stocks and a weakening rupee, the Indian growth story appears to have gone a little out of track. Banks confirm the bad news. The first quarter bank loan numbers surely point towards a slowdown in the economy. Bank loans do continue to gro... http://www.rupeetimes.com/news/home_loans/rbi_monetary_tightening_has_taken_its_toll_on_credit_1571.html 12345678901571 Tue, 22 Jul 2008 10:39:35 +0530 The largest private sector lender ICICI bank has decided to hike its interest rates on Foreign Currency Non-Resident External (Banks) deposits and Non Resident External (NRE) term deposits with effect from July 1. The bank said in a press release issued here that from now, the FCNR (B) deposits in E... http://www.rupeetimes.com/news/fixed_deposits/foreign_currency_deposits_up_at_icici_bank_1572.html 12345678901572 Tue, 22 Jul 2008 10:38:51 +0530 Yes bank has followed other banks’ initiatives by hiking their lending and deposit rates. The new developments as announced by the private sector lender would be a hike in the bank’s prime lending rate by 50 basis points and the deposit rates by 25 basis points. These changes would be ef... http://www.rupeetimes.com/news/fixed_deposits/lending_and_deposit_rates_hiked_by_yes_bank_1573.html 12345678901573 Mon, 21 Jul 2008 09:53:02 +0530 Inflation could be causing plenty more problems for India. Not only is the rate very high but this inflation might have an effect on the growth of the country. Deputy chairperson of Planning Commission Montek Singh Ahluwalia said that inflation and increasing global fuel prices would impact India&rs... http://www.rupeetimes.com/news/credit_cards/montek_growth_might_fall_to_8_1574.html 12345678901574 Mon, 21 Jul 2008 09:51:22 +0530 The governing bank of the country, Reserve Bank of India (RBI) conducted a one day repo auction. RBI has injected Rs 397.55 billion in the 1-day repo auction held on Jul. 9, 2008. However, the reverse repo auction wasn’t conducted and like on 8th July 2008, remained suspended for the day. On t... http://www.rupeetimes.com/news/fixed_deposits/rbi_conducts_repo_auction_injects_rs_39755_billion_1590.html 12345678901590 Fri, 18 Jul 2008 10:41:21 +0530 Cases of frauds continue in the city, as the Delhi police arrested a 77-year-old NRI businessman on Monday. The accused, identified as Harbhajan Singh Chopra, was arrested for allegedly duping a Mumbai-based company by procuring a loan of Rs 10 crore. A case of cheating and forgery has been register... http://www.rupeetimes.com/news/home_loans/nri_senior_citizen_held_for_10_crore_fraud_1579.html 12345678901579 Fri, 18 Jul 2008 10:40:20 +0530 Faced with the growing rate on inflation and the high cost of borrowing funds from the Reserve Bank of India, several top bankers of the country met with the RBI officials and conveyed their concerns on the prospective margin pressures and rise in bad loans. The bankers also discussed about the toug... http://www.rupeetimes.com/news/personal_loan/bankers_fear_rise_in_bad_debt_pressure_on_margins_1586.html 12345678901586 Thu, 17 Jul 2008 10:53:39 +0530 The problems with the Indian economy seem to be increasing. The latest news coming from the banking sector is that banks are running out of money. In a dramatic turnaround, the banks have gone from a position of surplus funds last week, to a position where banks have run out of headroom to borrow fr... http://www.rupeetimes.com/news/personal_loan/banks_facing_demand_pressures_running_out_of_cash_1591.html 12345678901591 Thu, 17 Jul 2008 10:51:50 +0530 Continuing with the hikes in the lending and deposit rates, private-sector lender Development Credit Bank (DCB) today increased its benchmark prime lending rate by 75 basis points (100 basis points = 1 percent). DCB officials said that following tight monetary policy of the Reserve bank of India, th... http://www.rupeetimes.com/news/fixed_deposits/dcb_increased_bplr_by_75_bps_1594.html 12345678901594 Wed, 16 Jul 2008 10:43:57 +0530 In news which would come as a shock to banks and as a warning to customers, a bank manager combined with fraudsters to dupe the bank of crores of rupees. Cases of fraudsters making duplicates of one’s fixed deposit receipt and take loans in their name are not very common. However, even less co... http://www.rupeetimes.com/news/fixed_deposits/bank_insider_helps_frauds_dupe_crores_1588.html 12345678901588