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BANKS’ COMMON PORTAL FOR LOANS

Public Sector Banks are thinking of  a Common portal to offer competitive personal, housing & other retail loans.    It is learnt that Government would extend assistance banks to set up such a portal which can also be a platfor to offer loans to small and micro industries in the days to come. Advantanges: This would

BANKS’ COMMON PORTAL FOR LOANS

Public Sector Banks are thinking of  a Common portal to offer competitive personal, housing & other retail loans.    It is learnt that Government would extend assistance banks to set up such a portal which can also be a platfor to offer loans to small and micro industries in the days to come. Advantanges: This would

Muthoot Microfinance to raise through IPO Rs. 1000 crore

Well known Muthoot Microfin Ltd. which is a part of Muthoot Pappachan Group is going for Initial Public offering to raise funds between Rs. 4000 and Rs. 5000 crore. The company has appointed Motilal Oswal Edelwelss and Credit Suisse as the merchange bankers for the issue and proposes to file a draft redherring prospectus in

Muthoot Microfinance to raise through IPO Rs. 1000 crore

Well known Muthoot Microfin Ltd. which is a part of Muthoot Pappachan Group is going for Initial Public offering to raise funds between Rs. 4000 and Rs. 5000 crore. The company has appointed Motilal Oswal Edelwelss and Credit Suisse as the merchange bankers for the issue and proposes to file a draft redherring prospectus in

PSU BANK JOBS ARE NO LONGER A CHARISMA

Are you surprised to hear this news:  PSU BANK JOBS ARE NO LONGER COVETED AS BEFORE?  There has been a notable fall in the number of candidates’ registering themselves for Clerical and probationary Officer/Management Trainee posts in a Public Sector Bank.  This is revealed from the data of Institute of Banking Personnel Section 9IBPS).    IBPS

PSU BANK JOBS ARE NO LONGER A CHARISMA

Are you surprised to hear this news:  PSU BANK JOBS ARE NO LONGER COVETED AS BEFORE?  There has been a notable fall in the number of candidates’ registering themselves for Clerical and probationary Officer/Management Trainee posts in a Public Sector Bank.  This is revealed from the data of Institute of Banking Personnel Section 9IBPS).    IBPS

LIC PERMITTED 51% STAKE IN IDBI BANK

The Insurance Regulatory and Development Authority of India (IRDAI) board on Friday approved Life Insurance Corporation´s investment in IDBI Bank, thus permitting LIC to own up to 51 per cent in the long-suffering lender. This precisely means that LIC will now be able to pump Rs. 100130 billion into IDBI Bank in tranches through a

LIC PERMITTED 51% STAKE IN IDBI BANK

The Insurance Regulatory and Development Authority of India (IRDAI) board on Friday approved Life Insurance Corporation´s investment in IDBI Bank, thus permitting LIC to own up to 51 per cent in the long-suffering lender. This precisely means that LIC will now be able to pump Rs. 100130 billion into IDBI Bank in tranches through a

LIC cuts stake in public sector banks

The largest investor in State owned Banks, Life Insurance Corporation (LIC),   has trimmed its exposure on PSBs.  During last one year, the average holding in 20 PSBs has come down to 11.9% from 12.7%. In fact, in the last one year, the average holding in 20 PSBs has come down to 9% from 12.7%. During

LIC cuts stake in public sector banks

The largest investor in State owned Banks, Life Insurance Corporation (LIC),   has trimmed its exposure on PSBs.  During last one year, the average holding in 20 PSBs has come down to 11.9% from 12.7%. In fact, in the last one year, the average holding in 20 PSBs has come down to 9% from 12.7%. During

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