The Financial crunch faced by the Indian Airlines is affecting the Banks of government of Indian Undertaking.
In a reply to the Rajya Sabha by finance minster of state the amount due are outstanding.
Posts Tagged ‘Bank Of India’
Private airlines owe a total of Rs 14,573 crore to PSUs
April 25th, 2012 
Ziaulla Namani 
Posted in india, News 
Tags: Air Carrier, Air Carriers, Bank Of India, Crore, Financial Crunch, India Leader, Indian Airlines, Jet Airways, Kingfisher, Kingfisher Airlines, Meena, Minister Of State, Minster, Namo, Narain, Private Airlines, Rajya Sabha, Second Quarter, State Bank, State Bank Of India 
Comments OffOffer a ‘basic savings bank deposit accounts’ without a minimum balance: RBI
April 21st, 2012 Ziaulla Namani The Reserve Bank of India (RBI) has advised banks to offer all customers a ‘basic savings bank deposit accounts’ which will not insist on a minimum balance.
Posted in india, News Tags: Bank Accounts, Bank Deposit, Bank Of India, Customer Identification, Deposit Accounts, Foreign Banks, Inclusion, Minimum Balance, Nature, Nomenclature, Numerical Targets, Reserve Bank of India, Rs 500, savings account, Savings Accounts, Savings Banks Comments OffState-run banks trading lower on fears
April 21st, 2012 Ziaulla Namani India’s state-run banks were trading lower on fears that margins may be hit after some cut their base rate, reacting to a government directive to review lending rates after RBI’s deeper than expected cut in its policy rate on Tuesday.
Posted in india, News Tags: Assets, Bank Of Baroda, Bank Of India, Basis Points, Brokerage, Contraction, Fear, Fears, Government Directive, Hurry, Margins, Private Lender, Psu Banks, Punjab National Bank, Quarters, RBI, Repricing, Reuters, Syndicate Bank Comments OffIndians confident about their economy
March 28th, 2012 Malvika According to a report, Indians have emerged as the second most confident people about their economy across the world on easing inflationary pressure and increased foreign investments.
Posted in india, News Tags: Bank Of India, Business India, Current State, Double Dip, Economic Confidence, Economic Growth, Economy China, Foreign Investments, Global Research, Headwind, Indian Citizens, Indian Economy, Inflationary Pressure, Monetary Policy Stance, Personal Finance, Preferred Destination, Recessions, Reserve Bank of India, Saudi Arabia, Wholesale Price Index Comments OffIntnl investment on the rise in infra sector
February 7th, 2012 Ziaulla Namani According to PHD Chamber, industry body, the international investors have been majorly investing into the Indian infrastructure sector, mainly in the power, oil and gas, telecom and iron and steel segments, due to the high returns prospects.
Posted in india, News Tags: Bank Loans, Bank Of India, Core Sectors, Development Opportunities, Ecb, Ecbs, External Commercial Borrowings, Foreign Resources, High Interest, Indian Infrastructure Sector, Interest Differentials, International Finance Corporation, International Investors, Iron And Steel, Multilateral Financial Institutions, Public Sector Companies, Rate Regimes, Reserve Bank of India, Source Of Funds, Telecom Power Comments OffBank to disclose defaulters in newspapers
February 4th, 2012 Malvika India’s largest lender, State Bank of India, will name and shame ‘wilful’ defaulters and will display their pictures in newspapers to get them to pay up.
“The fresh approach will ruffle a few feathers,” the paper quoted a bank executive as saying.
Posted in india, News Tags: Bad Loans, Bank Executive, Bank Of India, Borrowers, Crore, Defaulter, Feathers, Fiscal Year, Indian Banks, Newspapers India, Non Performing Assets, Payment Obligations, Reuters, Risk, State Bank, State Bank Of India Comments OffPvt Sector banks to work as govt agent
February 2nd, 2012 Ziaulla Namani The Apex Bank, Reserve Bank of India maintained that all private sector banks will now be considered eligible to handle any Central or State Government business at par with public sector banks.
Posted in india, News Tags: Apex Bank, Axis Bank, Bank Of India, Business Banks, Business Need, Controller General, Customer Convenience, Finance Department, Government Business, Hdfc Bank Ltd, Private Banks, Private Sector Banks, Public Sector Banks, Pvt Sector, RBI, Regional Director, Reserve Bank of India, Service Outlets, State Government, State Governments Comments OffHousing finance a priority sector for weaker sections
January 30th, 2012 Malvika The apex bank of India, Reserve Bank said it is considering categorizing housing finance for weaker sections as priority sector lending by early next month to ensure adequate flow of credit.
Posted in Personal Finance Tags: Adequate Flow, Ambiguities, Apex, Apex Bank, Bank Loans, Bank Of India, Deputy Governor, Due Diligence, Eligibility Criteria, Inconsistencies, Loan Amounts, Loan Limits, Managing Director, Nair, Priority Sector, Segment, Terms Of Reference, Types Of Borrowers, Union Bank, Union Bank Of India Comments OffIndian airlines Industry boom goes downward
December 26th, 2011 Ziaulla Namani A few years ago Indian airline industry were flying high, but today the scenario is not the same.
Domestic air traffic rose 17.6 percent to 55 million passengers in the first 11 months of 2011, data showed.
That growth has failed to translate into profits for India’s airline industry, where all the major carriers except IndiGo are loss-making, hit by high jet fuel costs and an inability to raise fares in a cut-throat market.
The Centre for Asia Pacific Aviation has forecast a record $2.5 billion to $3 billion loss for Indian airlines for the fiscal year ending March 2012, with state-run Air India alone likely to account for more than half of it.
Kingfisher, which was once India’s second largest carrier by passengers, recorded a market share of 14 percent, ahead only of budget carrier Go Airlines, during the month.
Kingfisher’s market share fell primarily due to less capacity offered in November, the data showed.
The country’s largest airline, Jet Airways, including its unit JetLite, had the largest market share of 27.1 percent, followed by budget carrier IndiGo with 19.8 percent and Air India with a 17.4 percent, the data showed.
Kingfisher Chairman Vijay Mallya said last month that Kingfisher stopped flying on heavily loss-making routes, and the carrier had also grounded some aircraft for fleet reconfiguration after the airline decided to discontinue its low-cost business.
Debt-laden Kingfisher is scouting for funds and is negotiating with its lenders for 7 billion rupees of working capital.
It has debt of about 65 billion rupees owed to a consortium of banks led by State Bank of India.
The airline aims to cut debt to 37 billion rupees through sale and lease-back of aircraft, sale of a property in Mumbai and conversion of rupee loans into foreign loans at a lower interest rate.
Meanwhile, in a major relief to Kingfisher, Subrato Roy has landed a helping and of Rs. 750 cr.
Source – agencies
Posted in india, News Tags: Air India, Aircraft Sale, Airline Industry, Airlines Industry, Bank Of India, Budget Carrier, Business Debt, Cut Throat, Domestic Air Traffic, Fiscal Year Ending March, Indian Airline, Indian Airlines, Jet Airways, Kingfisher, Pacific Aviation, Rupee Loans, S Market, State Bank Of India, Subrato Roy, Year Ending March Comments OffA Layman’s Guide To Reverse Mortgage
November 25th, 2011 Malvika What is reverse mortgage?
Increased life expectancy has lead to the increase in the costs of living and medical expenses. This makes it difficult for many senior citizens that lack a regular income to live a life of dignity.
Posted in Personal Finance Tags: Bank Of India, Government Of India, Housing Loan, India State, Interest Costs, Layman, Life Expectancy, Lump Sum, Medical Aid, Medical Expenses, Minimum Period, Monetary Value, Price Fluctuations, Property Values, Reserve Bank of India, Residential Property, Reverse Mortgage, Senior Citizen, Senior Citizens, Union Government Comments OffValidity of cheques to reduce to three months
November 23rd, 2011 Malvika The government said the Reserve Bank of India (RBI) has decided to reduce the validity of cheques and bank drafts from the present six months to three months beginning next fiscal.
Posted in india, News Tags: Bank Drafts, Bank Of India, Bilateral Donors, Borrowings, Cheques, Crore, Deliberations, Economic Intelligence, Hr Issues, Intelligence Bureau, Meena, Minister Of State, Ministerial Group, Namo, Narain, Public Sector Banks, Rajya Sabha, RBI, Reserve Bank of India, Validity Period Comments OffDecline of Indian Rupee put Co. into Panic
November 23rd, 2011 Malvika The sharp slide in the rupeevalue against the US dollar has put Indian companies into a tizzy. As Reserve Bank of India began tightening the monetary policy 18 months back, companies rushed overseas to borrow money at a cheaper rate.
Posted in india, News Tags: Bank Of India, Bharti, Convertible Bonds, Currency Debt, Foreign Currency, India Cement, India Inc, Indian Rupee, Jet Airways, Jlr, Overseas Operations, Redemptions, Reserve Bank of India, Rs 6, Securities Firm, Tata Motors, Tata Steel, Tizzy, Year 2012, Year Ending March Comments OffInflation will go downward from Dec.
November 20th, 2011 Ziaulla Namani Inflation will start declining from December and the Reserve Bank expects it to come down to 7 per cent by the end of the financial year in March, Chief Economic Adviser to finance Ministry Kaushik Basu said here today.
Posted in Economy, india Tags: Bank Of India, Crude Prices, Decline, Diesel Prices, Economic Adviser, Expectation, Few Differences, Four Months, Global Commodities Prices, Headline Inflation, Indian Consumers, Inflation Data, Inflationary Pressures, Inflationary Trends, International Scenario, Kaushik Basu, Periods, Reserve Bank of India, Subsidy, Uncertainty Comments OffCIC asks RBI to reveal top 100 loan defaulters
November 17th, 2011 Ziaulla Namani The Central Information Commission has directed the Reserve Bank of India to make public the names and other details of top 100 industrialists of the country who have defaulted on loans from public sector banks.
Posted in india, News Tags: Bank Of India, Contention, Economic Interest, Economic Wellbeing, Fiduciary Capacity, Fiduciary Relationship, Indian Economy, Industrialists, Information Commission, Information Commissioner, Information Public, Loan Defaulters, Moral Fibre, No Doubt, Public Interest, Public Sector Banks, Reserve Bank of India, Rti Act, Shailesh Gandhi, State Information Comments OffPSBs extend home loan tenor upto 30 yrs
October 23rd, 2011 Ziaulla Namani Fearing credit turning bad assets in the wake of high interest rates, a number of state-run banks, led by SBI, have decided to raise home loan tenors to 25-30 years or till the borrower touches 70 –well past their working age.
Posted in india, News Tags: 19 Months, Bank Of India, Basis Point, Basis Points, Batten, Case Basis, Customer Profile, Emis, Finance Ministry, High Interest Rates, home loans, Krishna Kumar, Public Sector Banks, Rising Interest Rates, S Krishna, SBI, State Bank, State Bank Of India, Tenors, Tight Monetary Policy Comments Off
