http://www.rupeetimes.com/news_advice/fixed_deposits Fixed Deposits News & Advice from rupeetimes.com (C) 2007 rupeetimes.com Fri, 19 Mar 2010 10:00:27 +0530 The Reserve Bank of India has said that the guidelines for fresh banking licenses for new entrants would be coming in three months."It (framework on new banking licenses) may take three months. It all depends on what are the situations and complexities of issues," RBI deputy governor K C Chakrabarty... http://www.rupeetimes.com/news/fixed_deposits/new_directive_for_banking_licenses_to_come_up_in_3_months_rbi_3357.html 12345678903357 Thu, 18 Mar 2010 10:42:23 +0530 Following the trend of big lenders like ICICI and HDFC Bank, the Indian Overseas Bank has also hiked deposit rates for the deposits coming to the bank. The rise in deposit rates has been to the extent of 50 basis points. The bank is a Chennai based entity."We have decided to raise the deposit rates... http://www.rupeetimes.com/news/fixed_deposits/deposit_rates_hiked_by_indian_overseas_bank_3354.html 12345678903354 Thu, 18 Mar 2010 09:49:04 +0530 The credit target set by the Reserve Bank of India for the financial year 2009-10 has led banks to start lending at low interest rates. Such has been the pressure on banks that the Indian Oil Corporation (IOC) was granted a loan of Rs. 1000 crore from banks last week at a rate that is much cheaper t... http://www.rupeetimes.com/news/fixed_deposits/16_credit_target_of_rbi_forces_banks_to_lower_lending_rates_3351.html 12345678903351 Wed, 17 Mar 2010 11:39:51 +0530 The base rate system has been the talk of town since quite some time. Many issues have arisen against the new directive which is going to hit the banking platform from July this year following which no banks can lend below their base rate. This will give a leap to the commercial papers market as the... http://www.rupeetimes.com/news/fixed_deposits/base_rate_system_may_sweep_priority_sector_crowd_towards_commercial_papers_3350.html 12345678903350 Wed, 17 Mar 2010 11:03:25 +0530 The top slot in the list of the country's top ten highest advance taxpayers has been bagged by the largest lender in the country, State Bank of India (SBI). The bank has made a payment of Rs. 6, 552 crore this fiscal, an Income Tax official said.The last quarter of the current fiscal has seen a huge... http://www.rupeetimes.com/news/fixed_deposits/sbi_stands_out_as_chart_topper_in_list_of_advance_taxpayers_this_year_3348.html 12345678903348 Wed, 17 Mar 2010 09:39:45 +0530 The RBI's mission to bring banking to all unbanked areas of the country is deepening its roots all over the country. In order to bring all people residing in remote villages upfront with banking operations, the RBI has started a special drive. RBI, in collaboration of the main bank in the area has d... http://www.rupeetimes.com/news/fixed_deposits/financial_inclusion_brings_remote_areas_on_banking_platform_3345.html 12345678903345 Tue, 16 Mar 2010 09:47:03 +0530 Reserve Bank of India has declared that more disclosure is needed from the part of banks regarding their Non Performing Assets (NPAs). The Central Bank has said that a detailed information is required regarding the market operations of banks including the list of their top 20 depositors, 20 largest... http://www.rupeetimes.com/news/fixed_deposits/more_disclosure_needed_on_npas_rbi_3338.html 12345678903338 Mon, 15 Mar 2010 11:39:11 +0530 Government of India may pick up RBI's stake in the National Bank of Agriculture and Rural Development (NABARD) in the upcoming fiscal. The Government had apportioned Rs. 1450 crore in this budget.It has been revealed that the Government after consultation with RBI has decided to acquire 72.5% of sha... http://www.rupeetimes.com/news/fixed_deposits/govt_likely_to_pick_rbis_stake_in_nabard_3337.html 12345678903337 Mon, 15 Mar 2010 11:32:38 +0530 Mahindra and Mahindra is the latest name added to the list of corporate houses seeking a banking license after the announcement by the Finance Minister in Union Budget 2010-11 that fresh banking licenses should be issued to private players and NBFCs.According to a top executive of the $6.3-billion g... http://www.rupeetimes.com/news/fixed_deposits/mahindra_and_mahindra_new_member_in_banking_license_race_3336.html 12345678903336 Fri, 12 Mar 2010 10:10:44 +0530 The time for savings account holders to rejoice is nearing. As per the directives given by the RBI, all banks have to calculate interest on savings account holdings on a daily basis from 1st April 2010.Currently banks calculate interest on the lowest available balance in customer's account from 11th... http://www.rupeetimes.com/news/fixed_deposits/cheer_time_for_savings_account_holders_unfolds_on_1st_april_3327.html 12345678903327