Banking News Archive
Stamp Duty Goes Up For EM Letters in Kerala- Bank Loans Become Costly
EM letters (Equitable Mortgage Letters) started attracting stamp duty in the state of Kerala from April 1, 2019 making home loans and other loans secured by immovable property costlier. Stamp duty associated with home loans and other
Masala Bond –Rupee Denominated Bond
Masala bond represents Rupee denominated borrowings made by Indian entities from overseas markets. Indian hotels and cuisines are famous in many foreign countries and one of the major attractions is the flavor of masala. This made them
Lending Interest Rate and Challenges – RBI Vs Banks
Transmission of changes in policy interest rate announced by the Reserve Bank of India (RBI) to market and borrowers by reduction in lending interest rate has always been a bone of contention between RBI and Banks since
External Benchmarking of Interest Rates
Fixing interest rate in relation to an external benchmark was proposed by RBI while announcing the monetary policy review held on December 5, 2018. Banks were suggested to adopt this method for new floating rate loans extended
Comparison of Interest Rate on Domestic Fixed Deposits
Fixed Deposit (Term Deposit) is the most famous investment instrument among Indian investors. Comparison of interest rates on domestic fixed deposits offered by major banks in India is provided in the list. Banks in India have been
HBA Scheme of Kerala State- Loans Sanctioned from 2009-10
Kerala State Government Employees including government teachers were being sanctioned House Building Advance (HBA scheme) from 2009-10 with concessional rate of interest. Vide order FINANCE (HBA) DEPARTMENT G.O(P) No. 105/20 18/Fin Dated, 05.07.2018, Government of Kerala directed
Banking Sector- True Corporate Governance is the Only Way Out
A recent research paper by the National Stock Exchange (NSE) on Corporate Governance and market valuation concludes that better corporate governance practices elicit premium valuation. This article is the third one in the Corporate Governance and real
Measures to Ensure Corporate Governance in Indian Companies
Corporate governance is the system of rules, practices and processes by which a firm is guided towards attaining its objectives. It covers doing the business in adherence to the laws of the land and by following the
Corporate Governance in Indian Banks- A Revisit
Big Bang Theory states that the universe emerged from a high-risk event and probably for that reason, each activity in nature too is embedded with risk. By the inherent nature of duties being performed, bankers irrespective of
Amalgamation of BOB, Vijaya Bank and Dena Bank Gets Nod
The Boards of Bank of Baroda (BOB), Dena Bank and Vijaya Bank have approved the share swap ratio for the proposed amalgamation of the three banks. This step follows the approval of amalgamation accorded by the Central