Banking Sector

India’s Central Bank May Not Follow Fed Way Soon

Mumbai: The Reserve Bank of India (RBI) will not go after the US Federal Reserve Board, and may not slash interest rates in a little while.

Market analysts said that the central bank that has been following a compressed money strategy will possibly not play with key policy rates in the coming time.

US, UK Agree On Need Of More Financial Authority - Alistair Darling

London: Before meeting with the U.S.

IDBI Slashes Fixed Home Loan Rates

Mumbai: IDBI Ltd has slashed the rates of interest on fixed home loans by around 100 basis points that will be effective from September 1.

Standard Chartered’s Share Financing Plan Launched In Singapore

Singapore: Standard Chartered has brought out a share financing plan in Singapore, which will permit individuals to have a loan of up to 10 times their monthly salary

UK Working To Alleviate Banking System & Financial Markets, Says Darling

London: British finance minister Alistair Darling stated that British policymakers will take every step possible to calm down financial markets and the banking system.

Standard Chartered Grabs American Express Bank’s Division For $1.1 Billion

The UK banking institution, Standard Chartered has decided to purchase the banking division of American Express Bank for about $1.1 billion in order to expand branch licenses in India and Taiwan an

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