The SME financing institution Small Industries Development Bank of India (SIDBI) is soon going to start its asset reconstruction company (ARC). The bank hopes to commence this new foray by the end of March 2009.An Asset Reconstruction Company is registered

India's Central Bank, Reserve Bank of India has increased the time period for various liquidity easing measures for banks until June 30th, 2009. The apex body will also extend credit to the exporter for a longer duration in order to

The terrorist who carried out blatant attacks in the Mumbai city possessed credit cards of the Indian banks. Mumbai police that recovered cards of several banks from the terrorist is soon going to contact the banks in this regard.Cards issued

The car sales in the country witness a decline after a continuous growth for 5 consecutive years. In the past months, vehicles in the industry have fallen by a substantial number. In October vehicles declined by 6.59% to 98,900 and

YES Bank Non-Executive Chairman, Ashok Kapur has been killed by terrorists in the Trident-Oberoi hotel complex in South Mumbai.The Chairman had been staying in the hotel and was dining with his wife at the Kandahar restaurant in the hotel when

Home loan rates in the country have been reduced by major public sector banks but the housing finance companies (HFCs) complain of the high cost of funds and therefore refuse to cut down the lending rates.The HFCs in the country

In a move to support lending to housing sector, Reserve Bank of India (RBI) has announced a relaxation on the lending norms of tier-II urban co-operative banks (UCBs).The standard asset provisioning requirements has been declined by the RBI to 0.40%

The PSU banks in the country seem to be in an unusual situation as a mismatch between the deposit and lending rates has been noticed in the banks portfolios. The deposit rates of the banks are higher than the lending

Public sector, Punjab National Bank (PNB) is all set to launch its 16th branch in the Pune circle. The bank has decided to start this new branch at Hinjewadi.The branch is expected to be operational from December 5th, said Anil

India's largest bank, State Bank of India (SBI) has been declared as the 'Best Bank of the Year 2008' by The Banker magazine, at the ninth annual Banker Awards in London.A press release by the bank stated that its Chairman,