RBI strategy bristles with risk for banks
Mumbai: The RBI has managed to stabilise the market in the short-term, but the sentiment is such that any primary supply will again break the market. There is complete investor apathy. In spite of sitting on loads of cash, investment banks are at best buying T-bills.
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BoB to invest Rs 400 crore in IT
Mumbai: Bank of Baroda (BoB) has targeted a 20-per cent increase in deposits and advances for the current year. The nationalised bank is also looking at complete interconnectivity once its core banking solutions as suggested by US consultant Gartner is put in place.
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Banks urged to raise CD ratio in Kerala
Thiruvananthapuram: Kerala Chief Minister A K Antony has called upon banks operating in the state to raise the credit-deposit ratio to 60 per cent. Addressing the state-level Banking Consultative Committee meeting, he said that this was absolutely necessary.
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TN interest in ICICI Bank product on ST deferrals
Chennai: With securitisation as a concept gaining ground, cash-strapped state governments too have started looking at this as an option to get some immediate funds. The options for the State Governments are many.
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Banks told to submit details of deposit rate structure
Mumbai: The Reserve Bank of India has asked all commercial banks to submit details of their deposit rate structure. This follows a study by the New Delhi-based Indian Statistical Institute, claiming that the existing deposit rate structure is biased.
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RBI against urban co-op banks setting up primary dealer
Mumbai: The RBI is not keen that the cooperative banks float a separate PD at this stage. It appears that the central bank feels that cooperative banks should not diversify into different areas at this stage.
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