Seeming that Budget 2013 impacts started to put on banking policies as State-owned PNB (Punjab National Bank) today has raised its rates of interest on fixed deposits. Read more
However from last few months, investment market situation worsen a lot, reducing sharply slope of economy due to inflation and rupee weaken, but with all these issues, performance of banks is not downed. Read more
The most debt overloaded Kingfisher Airlines whose 23% equity stake is of Banks, is under serious critical situation as all its lenders left out their hands from any assurance in finance to the airlines due to nonpayment of dues for over six months now.
Being afraid of grounding, KFA has decide to meet within next week to lenders, sit together and discussing significant strategies that may prove beneficial for both to salvage their interest in debt ridden company. Read more