Banks are tweaking interest rates on loans to the corporates of India. On a selective basis, depending on the tenure or security of the loan, banks, especially in the private sector, are tweaking rates to suit the demands of corporates.
Tag: Banks
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Governments do not have magic wands for economic revival
The Government is taking all the necessary steps to revive the economy. It has taken quick decisions and is also focusing on executive and administrative capability to implement them.
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Bank lending to infrastructure projects gets a push
The Corporate Affairs Ministry has for now removed a recent legal barrier that sought to thwart infrastructure lending by banks. Now banks can continue infrastructure lending to special purpose vehicles on the strength of the guarantees or security provided by a holding company.
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PSUs’ tax-free bonds lure retail investors
Posing a new threat to banks, which are already struggling with poor deposits growth, hundreds of investors are breaking their tradition of saving in bank fixed deposits to invest in tax-free bonds from State-run companies. High yields, being offered by the tax-free bonds are attracting the investors.
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Karnataka asks banks to set up ATMs in all GPs
Regretting the delay in wage payments by banks to the beneficiaries under the Mahatma Gandhi National Rural Employment Guarantee Act, the Karnataka government has asked all nationalised banks in the state to set up automated teller machines (ATMs) in all gram panchayats (GPs).
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Banks borrowed Rs 185.02 bn via MSF on Oct 28: RBI
Agency reports say that banks borrowed Rs 185.02 billion ($3.01 billion) from the Reserve Bank of India's marginal standing facility (MSF) window on October 28, lower than the Rs 270.29 billion on October 25.
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Banks go slow in lending loans to highway projects
Banks are slow and cautious while lending to road developers whereas the Union government is very keen on expediting road projects on a priority basis to revive growth. In the first half of the current financial year, banks have lent a total of Rs 550 crore to only five road projects.
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Banks borrow Rs 247.5 bn from RBI via MSF on Sept 14
From the Reserve Bank of India's (RBI) marginal standing facility (MSF) window, banks in India borrowed Rs 247.50 billion on September 14, when the central bank offered the special funding window due to the cash crunch generated by advance tax outflows.
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NHAI to meet banks before lending to road developers
Feeling that banks are misguided over lending to road developers, the National Highways Authority of India (NHAI) has asked the banks to hold joint meetings with it before lending to road infrastructure projects. NHAI feels that often lenders are either misguided or spend more than what is required on infrastructure projects.
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Banks borrow Rs 55,278 cr from RBI
Media reports say that banks borrowed Rs 55,278 crore ($8.6 billion) from the Reserve Bank of India's marginal standing facility (MSF) window on September 6 for four days, higher than the Rs 24,531 crore on Sept 5 for one day. Markets were closed on September 9 for a local holiday.