Tag Archives: Banks
Banks give 15-days revival plan, may sell Vijay Mallya’s Goa villa
One by one more blow has been raise on the debt laden KFA as today, source reported, all the banks from them airline had raised the loans decided to sell off Kingfisher’s non-core assets to recover their debts. In the list of Kingfisher’s non-core assets, Mumbai’s House of Kingfisher and CEO Vijay Mallya’s villa in [...]
ICICI sells 4 billion Kingfisher loan to Srei Infrastructure Finance
As per latest business report, beleaguered Kingfisher Airlines is seeking repayment of its debts by selling assets held against their loans raising scope of outside investment. Loosing the hopes of lenders, as per source, one of Kingfisher’s lenders, ICICI Bank has sold about 4 billion rupees of the Kingfisher Airlines’s assets against debts to a [...]
RBI tightens rules for using of foreign currency FDs
Tighten the rules for using of foreign currency fixed deposit funds, RBI announced in a statement that funds can only be used for fulfill needs in form of working capital or routine expenditure of those entities who have with a risk management policy for managing the exchange rate risk. “Accordingly, it has been decided that [...]
RBI orders banks to allow inter-bank transfer possibility
As per latest report, a good policy for Bank customers has been released by RBI as now customers can know full detailed information about their bank account by shifting from local branch to new one. The Reserve Bank of India (RBI) directed the banks authorities that most bank branches are now on core banking solution [...]
RBI allows NRIs to enclose currency risk with banks
Today, some special terms has to be established by The Reserve Bank on the basis of which avail of ECBs (external commercial borrowings) designated in rupee is to be allowed. According to a report stated by RBI, the NGOs have been permitted non-residents to hedge currency risk for external commercial borrowings (ECBs) denominated in rupees [...]
Banks increases interest rates sharply to attract NRE deposits
Now having economic slope down, the new strategy is being used to hike the price of value by The Reserve Bank of India is to deregulate interest rates on non-resident external (NRE) rupee deposits and ordinary non-resident accounts. And there are many banks that have increased the interest rates on fixed deposits held by non-resident [...]
