Here are some Latest TITBITS ON BANKING….. (1) State Bank of India raises $500 million at a Superfine Rate: Through Bonds SBI has raised $500 million under its medium term note program, at a fine rate of three months LIBOR plus 95 basis points (which roughly comes to 2.1 per cent).  This matches with the

Government proposal to merge two large banks first….. The Bank Board Bureau chairman Mr. Vinod Rai has informed that Government is very intensely thinking of consolidation of banks.  This he said is proposed to be done after framing a strong balance sheet, which in turn is possible only if the Bad Debts issues are resolved.

The Central Bank, RBI is gearing up to take up the plump role in managing NPAs of Banks.  This is a fight against the Bad Debts that is daunting the PSU Banks for quite some time.  These are expected to be formulated by the end of this month by the Government.  Its policies include: Restructuring

A multi-faceted plan is being worked out by both the Government and the Reserve Bank of  India, to put down the wilful defaulters.   Also, an one time settlement strategy is being worked out for some sectors of the economy.    Major NPA was found in the areas of Steel, Power, Infrastructure and Textile Industries.  The various

Both the inflation numbers based on the Consumer Price Index (CPI) as also the Wholesale Price Index (WPI) moved in an upward directly in February as against the previous month.  The WPI index jumped to a 39 month high to 6.55 per cent in February which was 5.25 per cent in January 2017. This otherwise