Maharashtra finance minister meets bankers to promote PMSBY

Maharashtra Finance Minister Sudhir Mungantiwar Wednesday said that he had taken a review meeting of bankers last week to promote the 'Pradhan Mantri Bima Suraksha Yojana' (PMSBY) which will be launched by Prime Minister Narendra Modi on May 9 along with two other ambitious schemes.

Home, auto loans to cost more as RBI tightens policy: Bankers

Home, auto and corporate loans are likely to become expensive in the next fiscal following the RBI`s move to raise key policy rates by 25 basis points, bankers said on Thursday.

In Davos, regulators tell bankers new rules coming

Government regulators from the US and Europe laid out their financial reform plans on Saturday before a sceptical banking industry, asking financiers for input but adamant that change was coming with or without their support.

Bankers warn against isolated US, UK steps on banks

Leading bankers and industry groups warned on Wednesday against isolated initiatives by the US and Britain to regulate banks, saying one set of rules was needed to govern the global banking industry.

Wall Street bankers apologize for actions that led to crisis

Challenged by a skeptical special commission, top Wall Street bankers apologized on Wednesday for risky behaviour that led to the worst financial crisis since the Great Depression.

Bankers hint at RBI tightening stance; warn of rising NPAs

Two leading bankers on Monday hinted at RBI tightening its monetary stance, which may lead to an increase in interest rates, and warned of rising loan defaults in the short-term.

Obama to take bankers to task in meeting

President Barack Obama planned to get tough with executives from top US banks on Monday and tell them that they must help lift the country out of the economic crisis they helped to create.

Obama to meet with bankers, decries "fat cats"

President Barack Obama may have some tough words on Monday for executives of top U.S. banks as he pushes them to step up small-business lending and get behind legislation to overhaul Wall Street regulations.

Interest rates likely to stay stable for 3-4 months: Bankers

Retail and corporate loan rates may
stay the same as bankers on Tuesday ruled out any increase in
lending rates in the next three to four months, thanks to the
RBI keeping almost all key rates unchanged.

Bankers seek clarification from RIL on guarantee

: State power utility NTPC has not been able to secure bank guarantees for sourcing natural gas from Reliance Industries, as bankers have asked for certain clarifications from the supplier on drafting of the letter of credit.

OIL IPO subscribed 91% in an hour

The initial public offer of state-run
Oil India on Monday got subscribed 91 percent within an hour of
opening of the issue.

Bankers see no upward movement in interest rates

Amidst ample liquidity, bankers do not see interest rates moving up and SBI Chairman O P Bhatt expects the cost to even fall in the next few months.