Road projects in Kerala received $216 million funding from the World Bank, which points out that of the 4,340 km highways in the state, around 70 percent are still single-lane with 54 percent in poor condition. Kerala government would use the fund for its Stage Transport Project II (KSTP II). The fund would enable upgradation of 363 km of strategically important state highways
Tag: bank
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SBI expects credit to grow a maximum of 16%
Pratip Chaudhuri, Chairman of State Bank of India (SBI) informed that the bank may achieve a deposit growth of 14 -16 per cent and a loan growth of a maximum 16 percent in 2013-14. In 2012-13, the largest public sector bank posted 15 per cent and 21 per cent growth in deposits and adva
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Transmission of RBI policy signals is asymmetrical
A research paper from Reserve Bank of India (RBI) shows that transmission of monetary policy signals to financial markets in India is asymmetrical. It is asymmetrical because the transmission is faster and persistent when the monetary system is in deficit mode, than when it is in expansionary phase, the paper argu
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SBI sees relief in exposure to steel firms
In an interview to a leading media, Pratip Chaudhuri, Chairman of State Bank of India (SBI) said the bank's entire exposure to the steel sector which were either NPA or restructured have now become standard. The stress on the bank's asset in this sector got reduced because of improvement in the supply of raw material to steel companies. It may be noted that the sup
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Net profit of State Bank of Hyderabad falls 21%
During Jan-Mar 2013, net profit of State Bank of Hyderabad fell 21 per cent to Rs 379 crore compared to Rs 481 crore in the year-ago period. For the full year 2012-13, net profit declined 3.70 per cent at Rs 1,250 crore (Rs 1,298 crore). Total business grew by 16.9 per cent to Rs 2,10,532
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SKS regains financial health
In 2013-14, the country's listed microlending institution SKS Microfinance expects to achieve a loan disbursal of Rs 4,800 crore, which is 50 percent more than last year. In 2012-13, the firm lent Rs 3,200 crore. The company has regained its financial position which deteriorated in the wake of the crisis in the indus
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India Inc not gung ho about policy outcome
Corporate India is not much excited about the 25 basis point reduction in the repo rate by the Reserve Bank of India (RBI) as they feel it to be too less. However, they also agree that the central bank cannot do much the high level of retail inflation and high current account deficit
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Banks fail to pass on entire benefit to customers
In the policy statement, Reserve Bank of India (RBI) said banks reduced lending rates on an average by 36 basis points to 12.17 per cent during 2012-13 (up to February). This is compared to a 50 basis points cut in repo rate and 75 basis points reduction in CRR by the RBI in 2012-13
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Banks exercise caution while lending to MFIs
While flow of bank credit to microfinance industry has recovered in the last two years, banks are said to be exercising great caution in choosing the right microfinance institution (MFI). Banks have become very selective in their funding decisions. They are looking for MFIs which are compliant with the code of conduct and with RBI norms, Mathew Titus
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Banks exercise caution while lending to MFIs
While flow of bank credit to microfinance industry has recovered in the last two years, banks are said to be exercising great caution in choosing the right microfinance institution (MFI). Banks have become very selective in their funding decisions. They are looking for MFIs which are compliant with the code of conduct and with RBI norms, Mathew Titus