APN News

  • Tuesday, March, 2019| Today's Market | Current Time: 08:58:12
  • BANK OF MAHATRASHTRA CONVENES 128TH SLBC MEETING

    Bank of Maharashtra, Convener of the State Level Bankers’ Committee for Maharashtra State, convened 128th meeting of SLBC on 04.09.2015 at Mumbai. Shri S. Muhnot, C & MD Bank of Maharashtra & Chairman, State Level Bankers’ Committee, Maharashtra presided over the meeting. The meeting was attended by Shri D.K. Jain, Additional Chief Secretary, Agriculture & […]

    Sector to Gain from Reduced Banking Rates

    In a move that will provide a huge help in driving the demand for real estate sector in our country, a handful of banks have slashed their lending rates and a few have made a cut in their deposit rates which is considered a sign for future reduction in lending rates. A drop in lending […]

    Banking sector sees weak credit demand due to higher risk aversion: Dun & Bradstreet Top Banks 2015

    Credit growth of scheduled commercial banks (SCBs) decelerated from 14.5% in FY14 to 9.7% in FY15 on account of increased risk aversion on account of deterioration in asset quality and availability of alternative sources of funds. The total income of the banks saw 12.5% growth in FY14 decelerating to 10.7% in FY15, gross interest income […]

    Comments of Ms Chanda Kochhar, MD and CEO, ICICI Bank on RBI’s announcement about domestic systematically important banks-

    Given our size and significant presence across the financial sector, it was expected that ICICI Bank would be classified as systemically important. The Bank’s capital adequacy is well in excess of regulatory requirements and the Bank is not expected to require fresh equity capital for the next couple of years. Source : Sachin Murdeshwar

    SBI and ICICI Bank classified as Domestic Systemically Important Banks

    Views of  Parag Jariwala, VP – Institutional Research, Banking and Financial services, Religare Capital Markets Ltd.,  on the SBI and ICICI Bank SBI and ICICI Bank classified as Domestic Systemically Important Banks The RBI has classified SBI and ICICI Bank as Domestic Systemically Important Banks (D-SIBs). Consecutively, the additional Common Equity Tier 1 (CET1) requirement […]

    SBI Chairman Arundhati Bhattacharya Inaugurates New Corporate Office of SBICAP Securities

    Mumbai: Smt. Arundhati Bhattacharya, the Chairman of State Bank of India, inaugurated the new corporate office of SBICAP Securities Ltd (SSL) in Lower Parel, Mumbai. The function was also graced by the senior management of SBI, comprising of MDs, DMDs and CGMs. The new office, located on the 12th Floor of Marathon Futurex, spans two […]

    ICICI guarantee-backed home loan: By-product of increased competition?

    ICICI Bank launched the country’s first mortgage guarantee-backed home loan that will allow consumers to increase borrowing by 5-20% and the tenure up to 67 years of age (Banks generally restrict repayment period till 60 yrs). The bank will provide loans high than eligibility criteria for a fee 1-2% which is the insurance premium for […]

    UTI Mutual Fund introduces “CanServe”- a new facility

    UTI Mutual Fund has introduced a new facility called “CanServe” with effect from August 26, 2015 for investments (fresh as well as existing) under UTI Balanced Fund, UTI Spread Fund and UTI Mastershare Unit Scheme. “CanServe” will enable investors to contribute their dividend payouts if they are under dividend payout option or specified amounts as […]

    Banking sector sees weak credit demand due to higher risk aversion: Dun & Bradstreet Top Banks 2015

    Credit growth of scheduled commercial banks (SCBs) decelerated from 14.5% in FY14 to 9.7% in FY15 on account of increased risk aversion on account of deterioration in asset quality and availability of alternative sources of funds. The total income of the banks saw 12.5% growth in FY14 decelerating to 10.7% in FY15, gross interest income […]

    ICICI Bank launches ‘Mortgage Guarantee’ backed loans for affordable housing sector

    Mumbai: ICICI Bank, India’s largest private sector bank, today announced the launch of the country’s first ‘Mortgage Guarantee’ backed loans for retail customers aspiring to purchase their first homes in the affordable housing segment. Christened ‘ICICI Bank Extraa Home Loans’, it allows a borrower to enhance the loan amount by up to 20% and also […]