Rajendra Palande

Stories by Rajendra Palande

Loan rates: MRTPC asks banks to clarify

Loan rates: MRTPC asks banks to clarify

Rediff.com   8 Feb 2008

The Monopolies and Restrictive Trade Practices Commission (MRTPC) had sent a letter to about half a dozen banks last month, seeking details on how they had determined the interest rate increases on their housing loans.

Lower loan rates for only new borrowers

Lower loan rates for only new borrowers

Rediff.com   7 Feb 2008

Banks had raised the interest rates on loans by as much as 350 basis points although the cost of deposits had increased by a maximum of 200 basis points. With the deposit rates having softened from the April 2007 levels, banks have decided to pass on the benefits but only to the new borrowers.

No policy rate hikes likely in 2008

No policy rate hikes likely in 2008

Rediff.com   31 Dec 2007

Policy rates are not likely to increase in 2008 but a cut in repo rate too is uncertain.

A few banks refuse to join the rate race

A few banks refuse to join the rate race

Rediff.com   28 Dec 2007

At the start of April, State Bank of India (SBI) and ICICI Bank, the country's two largest banks, reviewed the situation. They felt the resource-raising madness was over and that interest rates on bulk deposits would drop automatically with credit growth expected to temper between June and September.

Banks panic, squeeze small loan tap

Banks panic, squeeze small loan tap

Rediff.com   7 Nov 2007

ICICI Bank, the country's second-largest bank, has stopped lending to borrowers from the sub-prime segment, while the biggest player in small loans, Citigroup, has made its processes more stringent.

ICICI Bank sells 45% bad home loans to Arcil

ICICI Bank sells 45% bad home loans to Arcil

Rediff.com   6 Nov 2007

ICICI Bank, the country's second largest bank, has sold roughly 45 per cent of its sticky home loans to the Asset Reconstruction Company India Ltd (Arcil) in a first step towards creating a market for retail loans that have turned bad.ICICI Bank sold Rs 360 crore of non-performing home loans at a price around the book cost, confirmed Rajiv Sabharwal, senior general manager, ICICI Bank.

Get ready for lower bank deposit rates

Get ready for lower bank deposit rates

Rediff.com   26 Oct 2007

After nearly three quarters of generosity , banks are now facing pressure to reduce deposit rates.

Barclays Bank has exciting plans in India

Barclays Bank has exciting plans in India

Rediff.com   10 Oct 2007

We are focusing on how to make banking affordable for the customer. The bank is bullish on retail business, says Suresh Gurumani.

Deposit rates stay high on policy uncertainty

Deposit rates stay high on policy uncertainty

Rediff.com   4 Oct 2007

The interest rates on deposits continue to be high despite ample liquidity due to monetary policy uncertainty and expectations that liquidity would tighten later this year. Banks are still offering peak interest rates of 9 to 9.5 per cent on deposits

Banks set to pare credit targets

Banks set to pare credit targets

Rediff.com   1 Oct 2007

The loan portfolio of banks has grown by Rs 54,908 crore (Rs 549.08 billion) till September 14, representing only 3.6 per cent growth. During the same period last year, banks had lent Rs 147,657 crore (Rs 1,476.57 billion), a rise of 10.5 per cent.

Mid-sized corporate loan defaults rising

Mid-sized corporate loan defaults rising

Rediff.com   7 Sep 2007

Banks are facing increasing delinquencies by overleveraged mid-sized companies, now caught in hardships due to changes in their operating environment.

'Geographical expansion led to losses':Pru ICICI

'Geographical expansion led to losses':Pru ICICI

Rediff.com   10 Aug 2007

Prudential ICICI's managing director, Shikha Sharma, talks about how the journey has been so far and also why she thinks unit-linked insurance plans are the best allocators of long-term funds.

Fixed rates land PSU banks in trouble

Fixed rates land PSU banks in trouble

Rediff.com   23 Jul 2007

Public sector banks, in a frenzy to cash in on the retail credit boom during the three years beginning 2003-04

Tough FDI norms for finance firms

Tough FDI norms for finance firms

Rediff.com   19 Jul 2007

The RBI had raised the issue with thegovernment, stating that foreign banks buying majority stakes in non-deposit-taking NBFCs (NBFC-ND) would provide room for regulatory arbitrage.

HDFC, Citi drop plans for cross-sales

HDFC, Citi drop plans for cross-sales

Rediff.com   14 Jul 2007

The two had signed an operating agreement for cross-selling each other's products recently.

India Inc's financial recast on fast track

India Inc's financial recast on fast track

Rediff.com   25 Jun 2007

Srei Infrastructure Finance last month sold 50 per cent stake in a part of its business equipment financing arm to France's largest bank BNP Paribas for Rs 775 crore

Banks turn rate heat on India Inc

Banks turn rate heat on India Inc

Rediff.com   25 May 2007

Corporates being compelled to pay higher rates on term loans of 3 years and above, struck at fixed rates a year ago.

Corporates to pay fee on unused loans

Corporates to pay fee on unused loans

Rediff.com   7 May 2007

Companies will now have to pay a charge for loans sanctioned to them but not utilised

RBI has been spot on, says Reddy

RBI has been spot on, says Reddy

Rediff.com   25 Apr 2007

The exchange rate policy has served us very well in the last so many years and the exchange rate has been commended all around, says RBI Governor Y V Reddy.

RBI may clamp down on ECBs for real estate

RBI may clamp down on ECBs for real estate

Rediff.com   18 Apr 2007

The clampdown will be part of a package from the central bank to make end-use norms for external commercial borrowing (ECB) funds more stringent for various sectors.